ParqEx
- Company typePrivate
- Founded2014
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
ParqEx firmographics
Firmographics- Name
- ParqEx
- Legal name
- ParqEx LLC
- Website
- https://parqex.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
ParqEx industry classification
Industry- Product category
- Smart Parking Management Software
- NAICS
- Parking Lots and Garages (812930), Parking Lots and Garages (81293), Security Systems Services (except Locksmiths) (561621)
- SIC
- Services-Automotive Repair, Services & Parking (7500), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB)
- akta.pro secondary industries
- Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA), Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Permitting, Validation & Credential Programs (Permits, Passes, Validations) (BPABAKAL), Corporate Parking & Curb Management (Permits, Allocation, Validation) (TLABALAJ)
Keywords
Where ParqEx is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ParqEx business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Marketplace Transaction Fees: ParqEx charges commission on parking transactions - 20% on public marketplace bookings and 4.5% on internal property marketplace transactions. This is the primary revenue stream from facilitating parking space rentals.
- SaaS Subscription Plans: Tiered subscription model with Personal, Business, Enterprise, and Concierge plans offering different feature sets, support levels, and contract terms (1-2 years). Revenue generated through recurring platform fees.
- Hardware Sales (Access+ Devices): One-time setup fees for Access+ devices that control access points. Per-device pricing varies by plan tier ($250-$1,000 per Access+ device that controls 3 access points).
- White Label Licensing: Custom white-label solutions for property management companies and partners who want to offer ParqEx technology under their own brand, generating licensing revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal - Self-managed using the ParqEx platform, 1 spot, 1 user |
| Subscription | Annual | Business - Self managed with some help from ParqEx customer support, 4 spots, 10 users |
| Subscription | Multi-year contract | Enterprise - Managed with help from ParqEx Account Manager & customer support, 20 spots, 50 users |
| Subscription | Multi-year contract | Concierge - Dedicated ParqEx Account Manager with priority support, 100 spots, 300 users |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
ParqEx product offering
Product offeringCore offering
ParqEx provides a SaaS and IoT-based smart parking management platform that combines a private parking marketplace, smartphone- and LPR-based access control (Access+), mobile enforcement tools, AI-driven dynamic pricing, and tenant management into one integrated system. It sells tiered subscription plans (Personal, Business, Enterprise, Concierge), Access+ hardware devices, and white-label deployments to property owners, managers, developers, and HOAs, while also enabling individual drivers to find and reserve private parking spots.
Product overview
ParqEx is a smart parking technology platform for self-managed parking real estate. The platform operates as a modular SaaS solution consisting of a core mobile app ecosystem with three user-facing applications (Parking App, Access Control App, Enforcement App), a Parking Marketplace for listing/renting spaces, and multiple add-on modules including Access+ with LPR (Access+ Premium) and Touchless Door Operator, Dynamic & Predictive AI Pricing for revenue optimization, PARCS for gated access control, Parking Analytics & Reports, GuestParq for visitor parking, White Label Platforms, Internal Tenant Management, EV Parking Operations, and Entryly (a residential access management platform). The ecosystem enables property owners, managers, and individuals to manage parking access, enforcement, reservations, and revenue across residential, commercial, and mixed-use properties.
Differentiator
Problem solved
Functional benefit
Brands
- GuestParq: Guest and visitor parking solution that enables residents to reserve parking spots for their guests with digital passes and mobile access.
- Access+ App
- Access+ Premium (LPR)
- Enforcer App
- Entryly
- PARCS
Products and services
- ParqEx Parking App Mobile and web application that lets individual drivers and property owners find, book, manage, and share private parking spots, with reservation and payment functionality.
- Access Control App (Access+ App) Smartphone-based access control application that allows residents, tenants, and authorized users to open gates, doors, garages, and elevators remotely using a mobile device.
- Enforcement App (Enforcer App) Mobile application for enforcement staff to patrol lots, verify parking authorizations, issue tickets, and track violations in real time from any mobile device.
- Parking Marketplace Two-sided marketplace that enables private parking spot owners to list spaces and drivers to find, reserve, and pay for parking with full control and secure access.
- GuestParq (Guest/Visitor Parking) Digital guest parking product that allows residents to issue mobile passes and digital parking credentials to visitors with advance reservation and access control.
- Access+ Premium (LPR) License Plate Recognition (LPR) based access control product that enables seamless, automated vehicle entry to properties without requiring a phone or keycard.
- Dynamic & Predictive AI Pricing AI-powered pricing optimization product that uses real-time demand data and predictive analytics to dynamically set parking prices and maximize revenue.
- PARCS (Parking Access & Revenue Control Systems) Integrated control system for managing gated parking facility access and revenue collection, including barriers, gates, and payment processing.
- White Label Platforms White-label solution that allows property management companies and partners to offer ParqEx's parking, access, and enforcement technology under their own brand.
- EV Parking Operations Management platform for EV-designated parking that handles access, enforcement, utilization tracking, and reservations for properties with EV charging infrastructure.
- Entryly Full residential access ecosystem that connects residents, vehicles, guests, security personnel, and communication workflows through a single unified platform for multifamily and residential properties.
- Internal Tenant Management End-to-end platform for property administrators to manage tenants, guests, enforcement, communication, and employee parking and access permissions within a single modular system.
Quantifiable outcome
- Colony Reserve case study: 5 guest parking spots shared fairly among tenants with 24-hour booking limits and 8 monthly booking cap, reducing misuse and guest parking violations
- +1 more outcomes
Companies that use ParqEx
Customer profileNamed customers13 records
Segments7 records
Ideal customer profiles4 records
ParqEx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature13 records
ParqEx partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- SFL BootingcoreEnforcement partner for Colony Reserve implementation. SFL Booting was granted access to ParqEx's Enforcer App for on-site enforcement actions, with enforcement personnel trained to check license plates and validate reservations within the app.
- ShareASpotcoreStrategic alliance announced December 2015 combining resources to optimize urban parking through the sharing economy. Both Chicago-based companies shared similar visions of leveraging technology to connect parking space owners with drivers seeking parking.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
ParqEx competitors and assessment
Company assessmentBroad incumbents
- SKIDATA: SKIDATA is a global leader in access and revenue control systems for parking, ski resorts, and venues — a broader incumbent in the access-control and PARCS categories where ParqEx's Access+ and PARCS compete.
- Flowbird: Flowbird (formerly Parkeon) supplies parking meters, ticketing, and back-office software to cities and operators globally, overlapping with ParqEx's enforcement, payment, and access modules at the municipal/operator layer.
- PayByPhone: PayByPhone is a widely deployed mobile parking payment service operated by Volkswagen Financial Services — competes with ParqEx on mobile payment and enforcement workflows, particularly in on-street and municipal contexts.
- ParkMobile (EasyPark Group): ParkMobile is a major digital parking payments and access platform operating at municipal scale; it overlaps with ParqEx's mobile-pay, enforcement, and access-control features but at significantly larger deployment scale and geographic breadth.
Emerging players
- ParkHub: ParkHub provides parking management software for venues, event operators, and commercial lots, with mobile payments and access features that overlap with ParqEx's enforcement and marketplace capabilities in adjacent verticals.
- Parkable: Parkable is a SaaS parking management platform for offices, buildings, and residential properties — directly comparable to ParqEx's property-manager-facing solutions for permit allocation, guest parking, and enforcement.
- Metropolis: Metropolis applies AI and computer vision to parking access and payments (LPR-based checkoutless experience), competing directly with ParqEx's Access+ Premium / LPR module while pursuing a much more capital-intensive national rollout.
Direct peers
- T2 Systems: T2 Systems is a long-standing provider of PARCS (Parking Access and Revenue Control) and parking management software for commercial operators — directly competing with ParqEx's PARCS and enterprise property-manager offering.
- SpotHero: SpotHero operates a consumer-facing parking marketplace that lets drivers find and reserve parking in advance — directly overlapping with ParqEx's Parking Marketplace and similar B2B2C self-serve motion. Both serve property owners and individual drivers seeking monetization of underutilized spaces.
- FlashParking: FlashParking offers a cloud-based PARCS and parking management platform with mobile payments and enforcement — overlapping with ParqEx's combination of PARCS, Enforcer, and access-control modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ParqEx social profiles
Digital presenceParqEx financial estimates
Financial estimateRevenue estimate
Valuation estimate
ParqEx leadership team
Management profileNumber of profiles
Profiles2 records
ParqEx funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ParqEx M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ParqEx
What does ParqEx do?
ParqEx provides a SaaS and IoT-based smart parking management platform that combines a private parking marketplace, smartphone- and LPR-based access control (Access+), mobile enforcement tools, AI-driven dynamic pricing, and tenant management into one integrated system. It sells tiered subscription plans (Personal, Business, Enterprise, Concierge), Access+ hardware devices, and white-label deployments to property owners, managers, developers, and HOAs, while also enabling individual drivers to find and reserve private parking spots.
Is ParqEx a public or private company?
ParqEx is a private company. It is classified as venture growth investor backed and is currently operating.
When was ParqEx founded?
ParqEx was founded in 2014. It employs 11 to 50 people.
Where is ParqEx based?
ParqEx is headquartered in Chicago, United States, in the North America region.
How does ParqEx make money?
Four revenue lines are on record. Marketplace Transaction Fees are the primary driver. The others are saaS Subscription Plans, hardware Sales (Access+ Devices) and white Label Licensing.
Who are ParqEx's main competitors?
Broad incumbents on record are SKIDATA, Flowbird, PayByPhone and ParkMobile (EasyPark Group). Emerging players are ParkHub, Parkable and Metropolis. Direct peers are T2 Systems, SpotHero and FlashParking.
Does ParqEx have an API?
No public API is recorded for ParqEx.
What industry is ParqEx in?
ParqEx's product category is Smart Parking Management Software. Its primary akta.pro industry code is BPABAKAB, Parking Management & Enforcement (Citations, Permits, Compliance), with a secondary code of BPABAKAA, Parking Facility Operations (Garages, Lots, On-/Off-Street). Its NAICS code is 812930 and its SIC code is 7500.