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182%
Raised
£2,733,410
Investors
2312
Target
£1,500,000
Equity
7.65%
Pre-money valuation
£33,000,000

JustPark is The Parking App leading a £50bn industry into the digital age. Since their record-breaking raise in 2015, they have built 5-star rated apps for drivers and award-winning car park technology for property owners - and now help 380% more drivers park each day.

  • The Parking App: 1.5 million registered drivers, 1.4 million spaces
  • Over £1m/month in transactions - app usage up 105% in last 6 months
  • Parking technology partner to Savills, Marriott, JLL, Hilton and more
  • Backed by Index Ventures, LocalGlobe and BMW i Ventures
Information The progress bar includes institutional investments of £700,000 in total, made by Index Ventures and LocalGlobe. These investors will receive Series A Preferred Shares - more information on share classes can be found in the document disclosed below entitled "Share classes".

Idea

JustPark is The Parking App on a mission to make parking easy.

We help 1.5 million registered drivers find parking in seconds - with real-time information on availability, restrictions and price for 1.4 million spaces. Drivers can even reserve and pay for a guaranteed space at 20,000+ locations via our award-winning apps.

From offices to council parking bays, commercial car parks to driveways - our industry-leading technology unlocks underutilised space for drivers and helps the biggest names in property manage their assets more effectively.

Following our world-record raise in 2015, we have driven growth in two key ways: building 5 star rated apps and innovative car park technology (winner of a British Parking Award).

On the driver side, 380% more people park using JustPark now vs. our last raise (apps are up 105% in the last 6 months alone) and our products are used over 1 million times each month.

On the supply side, Savills, Marriott, JLL and Hilton are among the high-profile partnerships we have formed by developing car park technology - and we will soon announce a contract with one of the UK's largest local authorities.

This progress has created the platform for financial growth to accelerate - with gross profit increasing by 93% in the last 12 months, and volumes now over £1m/month.

This is a £50bn industry ripe for disruption - and we are leading it into the digital age.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

JustPark has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.