Ford chairman invests in US parking app QuickPay

By VCPOST Staff Reporter

Dec 13, 2013 05:41 PM EST

Parking startup QuickPay closed an additional $5.5 million in a recent funding round. The app has raised a total funding of $9 million to date, according to VentureBeat.

QuickPay's investors are a mix of angels and venture firms. Bill Ford, Jr., Ford Motors' executive chairman, invested in the startup through his Detroit-based firm Fontinalis Partners. Other investors include Europe's Ecomobilite Ventures and IncWell, a firm founded by Chrysler's former chief executive, the report detailed.

QuickPay has a mobile app that allows users to pay for on-street and off-street parking in garages and lots. After downloading the app, users enter their credit card information to access a list of parking facilities integrated with QuickPay. In just a few clicks, clients can pay to park in any of those garages, parking lots, and gated facilities. A QR code can also be scanned to automatically raise the gate, the report explained.

With the newly raised capital, the San Francisco-based starup will expand its workforce. QuickPay is hiring customer service representatives, engineers, and marketing executives, VentureBeat reported.

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