expressed opinion entrepreneur Contributors are their own.
You are reading Entrepreneur India, the international franchise of Entrepreneur Media.
We Founder Circle (WFC), an early-stage venture capital platform led by a global community of founders and strategic angels, announced it has led a seed round in ParkMate, a startup providing smart parking solutions. ParkMate received an undisclosed amount of funding through EvolveX, We Founder Circle’s global accelerator program. The funds raised will be used to expand its team and acquire different types of talent. It also intends to use some of the new investment to strengthen the technical backbone of the solution.
“The ParkMate team and subscribers are delighted with WFC as a strategic investment partner. We believe in our technology and innovation, and now under WFC’s guidance, we are sure to move in the right direction. We believe this investment will bring ParkMate co-founder Dhananjaya Bharadwaj, Chief Executive Officer, said:.
Launched in Mumbai in 2020, We Founder Circle is a global community of successful founders and strategic angels who come together to drive the start-up industry and steer its positive development. WFC provides seed funding, business development and global networking opportunities for startups because it believes that early stage startups need a lot more than just financial support to become scalable and stable.
“We are delighted to invest in ParkMate, which has demonstrated the ability to solve the problem of parking space saturation caused by an imbalance of supply and demand. Most Indian cities have unmanaged and disorganized parking spaces, forcing citizens to park any type of vehicle anywhere and in any direction “With ParkMate’s solutions, parking systems can be significantly transformed, providing considerable benefits to society. At WFC, we are committed to assisting startups in all stages of development, including business strategy, community building and connecting with technical business mentors” Bhawna Bhatnagar, co-founder of We Founder Circle.