Fast Company called OurCrowd portfolio company Parko an Israeli startup “to watch” in the wake of Google’s gigantic $1B+ acquisition of Waze.
Contributor Nadav Shemer describes Parko as among “the most innovative businesses likely to follow the crowdsourced mapping tool’s path to high-value exits.”
“Recent studies show that city drivers spend at least 20 minutes on average searching for a parking spot. Parko has developed a crowdsourcing solution for parking in a similar vein to Waze’s solution for traffic: It connects motorists looking for a spot with others about to leave one, while its algorithm identifies parking spots without users needing to remove their phones from their pockets.”
OurCrowd investors backed Parko with a $350,000 round in 2012.
Read more on Fast Company’s site here.
