OurCrowd portfolio company Parko was featured in Globes, the leading Israeli financial daily. Parko is a smartphone app that saves drivers time by matching departing and arriving cars in parking situations.

Crowdsourcing parking solution company Parko Ltd. has raised a $1.1 million seed round. Participating investors were SparkLabs Global Ventures, OurCrowd, and a syndicate of European angels.

Parko’s new API allows drivers to find the optimal navigation route to a parking spot with real-time updates from other drivers. Parko’s technology analyzes the parking habits of opt-in users.

Parko raised $385,000 from OurCrowd investors in 2012 and $398,800 in a follow-on funding round in January 2014.

Read more on Globes here.