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Parkmobile raises $6.3M in new funding

Parkmobile, a provider of mobile payment solutions for parking applications, announced it has closed a round of funding worth $6.3 million. The round included current investors BCD Holdings, Parkmobile Group, Fontinalis Partners and Bluefield Investments.

Based in Atlanta, Parkmobile's mobile payment solution is available in more than 400 cities, universities and transit locations around the world, the company said. Commuters in cities such as Washington D.C., Los Angeles, Indianapolis and Houston can use Parkmobile solutions to pay for parking with their mobile devices.

The company said more that more than one million members have signed up for Parkmobile in the U.S. An additional 700,000 members have downloaded the company's apps.

"Parkmobile is leading new payments initiatives for municipalities and other parking providers. Our rapidly growing member base appreciates Parkmobile's innovation, which has led to the recent addition of new payment options including PayPal and the Parkmobile Wallet, a stored value solution created through a partnership with Citibank," said Cherie Fuzzell, CEO of Parkmobile.

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