SPACES

What SPACES does

SPACES (legal entity Spaces Operations, LLC) is a New York-based parking technology company founded in 2014 that provides integrated License Plate Recognition (LPR) and mobile access/payment solutions for gated and valet parking facilities. Its flagship offering, SPACESpass™, enables parkers to enter, exit, and pay for parking using a phone number, SMS, or the proprietary app — eliminating paper tickets and reducing dependency on traditional Parking Access and Revenue Control (PARC) hardware. The platform attaches to existing gates and pairs LPR-driven vehicle identification with a cloud-based Operator Portal that delivers real-time transaction monitoring, tenant validation pages, end-of-month financial reporting, and 24/7 customer support.

The company's product surface spans Gated Parking (LPR-enabled entry/exit), Valet Parking (handheld with integrated LPR and damage photo capture), Dynamic Pricing digital signage, flexible Parking Passes, and an Open API for third-party integrations, with an EV-charging add-on built through a partnership with Invisible Urban. SPACES sells direct to enterprise customers via field sales, targeting eight primary verticals: commercial real estate, airports, hospitals, hospitality, retail, stadiums, universities, and residential properties. Disclosed enterprise case studies include Martin Selig Real Estate (six facilities, 4,830 vehicles/month), Salesforce Tower Indianapolis (1,644 vehicles/month, ~$104,500 in Q3 2024), and Mary Brickell Village in Miami.

SPACES generates revenue primarily through transaction-based fees — a percentage or fixed amount per parking transaction plus convenience fees on top of operator-set rates. Operating geographies include the United States and the United Kingdom. The leadership team blends co-founders (Sourabh Sen as CEO, Allison Sen as CMO, Jerry Skillett as Chief Mentor) with recently added senior executives including CFO Dennis McVeigh, Vice Chairman Steven Saslow (ex-Blackstone/HSBC), and CSO Samuel Haber, indicating a transition toward institutional scale.

Name

SPACES

Legal name

Spaces Operations, LLC

Website

https://spacesusa.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

SPACES provides integrated license plate recognition and mobile-based touchless parking access and payment (SPACESpass™) for gated and valet facilities, serving enterprise property owners across commercial real estate, airports, hospitals, and hospitality via direct field sales on a transaction-fee revenue model.

Ownership category

akta.pro rank

Product category

Parking Technology

NAICS

Parking Lots and Garages (812930), Parking Lots and Garages (81293)

SIC

Services-Automotive Repair, Services & Parking (7500)

akta.pro primary industry

Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD)

akta.pro secondary industries

Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Parking & Toll Payment/Reservation Platforms (BPAMAIAL), Mobility Technology Systems (Parking Systems, Apps, LPR, Access Control) (EDALAKAL)

Keywords

• Parking access technology
• License plate recognition
• Touchless parking solutions
• Mobile parking payment
• Parking management software

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction-based Parking Fees: SPACES facilitates payment processing for parking services at partner facilities. Fees are collected as a percentage or fixed amount per transaction when parkers use the SPACESpass™ system to enter, exit, and pay for parking. The company charges convenience fees in addition to parking rates set by facility operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SPACES provides touchless parking access and payment technology for gated and valet parking facilities through its proprietary SPACESpass™ system. The platform combines integrated License Plate Recognition (LPR) with mobile phone-based entry, allowing parkers to enter and pay using a phone number without tickets, paper, or new app downloads. The company sells and licenses this hardware-software platform to property owners and operators across real estate, airports, hospitals, hospitality, retail, stadiums, universities, and residential sectors.

Product overview

SPACES is a parking technology platform offering integrated License Plate Recognition (LPR) solutions for gated and valet parking operations. The core product is the SPACESpass™ touchless entry/exit/payment system, which enables parkers to access and pay for parking using their phone number or the proprietary mobile app without tickets. The platform comprises Gated Parking (LPR-enabled entry/exit for facilities with gates), Valet Parking (handheld-based system with integrated LPR), Dynamic Pricing displays, an Operator Portal for real-time management and reporting, flexible Parking Passes (monthly/transient/hybrid), EV Charging Capability through Invisible Urban partnership, and an Open API for third-party integrations. Together these components form a unified, ticketless, and paperless parking ecosystem designed for real estate, airports, hospitals, and other property types.

Differentiator

Problem solved

Functional benefit

Brands

• SPACESpass™: Touchless entry/exit/payment system allowing parkers to enter/exit parking facilities and pay using a telephone number, text message services, or the Spaces proprietary app.

Products and services

• SPACESpass™ Touchless entry/exit/payment system allowing parkers to enter and exit partnering parking facilities and pay for parking using a telephone number, text message services, or the Spaces proprietary mobile app.
• Gated Parking Solution Integrated LPR technology solution for gated parking facilities that attaches to existing gates, enabling fully-digital validations, 100% paperless operations, and phone number or QR code-based entry and exit for parking operators.
• Valet Parking Solution Handheld-based valet parking system with integrated LPR that automatically populates vehicle details, enables photo capture of existing damage for damage claim minimization, and streamlines vehicle check-in/check-out operations at valet facilities.
• Operator Portal Cloud-based operator dashboard providing live transaction monitoring, real-time facility usage data, comprehensive end-of-month financial reports, tenant pages, and 24/7 customer care access for parking operators.
• Parking Passes Flexible parking pass options including monthly, transient, and hybrid passes designed to accommodate various property needs.
• EV Charging Capability Electric vehicle charging infrastructure developed in partnership with Invisible Urban, integrated into SPACES-enabled parking facilities to expand parking solutions ecosystem with EV charging.

Quantifiable outcome

• 98% of vehicles enter and exit within 6 seconds
• +5 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

One partnership is on record.

• Invisible UrbanminorStrategic or Co-development PartnerSPACES partnered with Invisible Urban to build out EV charging infrastructure, expanding their parking solutions ecosystem to include electric vehicle charging capabilities for partner facilities.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PayByPhone: PayByPhone (owned by Modaxo/Volkswagen) is a leading mobile parking payment provider active in thousands of cities worldwide. It overlaps directly with SPACES on mobile-pay-based parking access and competes for the same operator RFPs, particularly in airports, hospitals, and municipalities.
• Flowbird (Parkeon): Flowbird (formerly Parkeon) is a global provider of parking terminals, pay-and-display machines, mobile apps, and back-office software. It directly overlaps with SPACES on mobile-pay and PARCS modernization and competes for the same airport, hospital, and municipality RFPs in North America and Europe.
• SpotHero: SpotHero operates a digital parking marketplace and management platform with mobile reservation, payment, and operator tools across thousands of U.S. garages and lots. It competes with SPACES on the same enterprise parking-operator customers and overlaps on touchless mobile entry and dynamic pricing.
• T2 Systems: T2 Systems is one of the largest North American providers of Parking Access and Revenue Control Systems (PARCS), serving universities, hospitals, airports, and commercial operators. It is the closest traditional incumbent to SPACES on the LPR/PARCS replacement value proposition.
• ParkMobile: ParkMobile is one of the largest mobile parking payment and reservation platforms in North America, offering LPR-enabled access, mobile pay, and operator dashboards. It directly competes with SPACES' SPACESpass™ touchless entry/exit/payment proposition for the same parking operator and real estate customer base.
• Passport Labs: Passport provides a unified mobility and parking management platform spanning mobile payments, enforcement, permits, and PARCS for cities and operators. It competes with SPACES' operator-portal-plus-mobile-pay stack for the same real estate, airport, and municipal customers.

Broad incumbents

• ABM Industries (ABM Parking Services): ABM Industries is a large U.S. facility services provider that operates and manages parking facilities (including through its ABM Parking Services division) across commercial real estate, airports, and healthcare. It is a broad incumbent that overlaps with SPACES' customer verticals and increasingly offers technology-enabled parking management.
• Imperial Parking (Impark): Impark is one of the largest North American parking management and operations companies, operating thousands of parking facilities across commercial real estate, hospitals, airports, and universities. As a broad incumbent operator, it both competes with SPACES' operator customers and increasingly sources LPR/PARCS technology solutions from vendors like SPACES.

Regional players

• EasyPark Group: EasyPark is a European-headquartered mobile parking payments and operator-services platform operating across dozens of countries. It is highly comparable in technology stack and customer type to SPACES, but competes geographically primarily in Europe rather than the U.S.

Emerging players

• Flash (formerly ParkWhiz): Flash is a digital parking platform combining reservation, mobile payment, and operator management tools for U.S. commercial real estate and event venues. It overlaps with SPACES on touchless entry/exit and operator dashboards but is more weighted toward event and pre-book use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/spacesusa

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPACES