5 years ago

AppyWay Launches £20 Million Series B Funding Round

  • AppyWay, a London-based smart parking and kerbside management technology company, has announced a £20 million Series B funding round

  • The company plans to use the funds for organic growth of its platform, strategic acquisitions, further technological investment and international scalability

  • AppyWay offers a platform of accurate, standardised data, APIs and tools for smart kerbside management in the world

  • They digitize the kerb through IoT sensors to establish kerbside demand data, further enriching this via various sources such as payment operators, navigation and traffic solutions, mobility and last mile operators, mobile as a service (MaaS) apps, electric vehicle and infrastructure apps, and other tools

  • The new funding will build on the £10.8 million raised to date, including a £7.6 million Series A round from Sumitomo Corporation, Hyundai Motor Company, Aviva Ventures, West Hill Capital and Breed Reply.

      • ProblemTechnology

      "making urban infrastructure more efficient by digitizing kerbside management"

      Solution

      "providing an advanced platform with accurate, standardised data, APIs and tools for smart kerbside management through the usage of IoT sensors and data from various sources"

      Covered on