App/tech business of the week – Parkhound

Parkhound ~‘Australia’s car park marketplace’   

The Parkhound service puts those with car parking space to rent out in touch with those looking for space to rent. The site and app allows drivers to compare off-street residential and commercial parking, and also in a world first, street parking options.

Where                       

The free Parkhound app is available on iTunes and the App Store; also at www.parkhound.com.au  

People                        

Founders Michael Nuciforo and Robert Crocitti

We are the ‘raiders of the lost park’; we want to make parking more available and more affordable for everyone -Michael Nucifero

Funding                     

Founder funded; $60,000 has been invested so far. The company is looking for a further $500,000 investment.

More....                      

Globally, the parking industry is valued at $135 billion. In Australia, it’s valued at $1.5 billion. Parkhound estimates that it can unlock 184,000 unused parking spaces across the country through the service. Founded in Melbourne in 2013, the service has opened in Perth, with 200 spaces on board.