AirGarage
Overview
AirGarage, founded in 2016 by Scott Fitsimones, Chelsea Border, and Jonathon Barkl, is a San Francisco-based parking management company. It integrates technology into the parking industry by providing a unified platform that automates payment, enforcement, and pricing. The company has successfully raised $63.5 million, including a recent $23 million Series B round. AirGarage is known for transforming overlooked parking real estate assets into revenue-generating infrastructures through its innovative operating systems.
Recent Developments
- July 2025: AirGarage announced it has raised $23 million in Series B funding. This round, led by Headline Growth, will further develop its real estate online platform, expanding its already extensive management of over 300 facilities across 38 states.
- 2024 Developments: By December 2024, AirGarage's services were highly recognized for providing dynamic pricing solutions and offering significant revenue increases to facility owners. Despite challenges in not integrating parking gate arms, their approach with license plate recognition was deemed an effective alternative.
- November 2024: A $1K funding round was undertaken to cover minor operational expenses, showing the company's ability to manage smaller, operational challenges effectively.
- Sector Expansion: Partnering with technology companies like Meta and real estate conglomerates such as Hines and Greystar, AirGarage aims to fully utilize underutilized parking spaces, reinforcing its digital-first strategy.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | San Francisco, California, USA |
| Founders | Scott Fitsimones, Chelsea Border, Jonathon Barkl |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Headline, Abstract Ventures, Andreessen Horowitz, AZ Disruptors |
| Industry | Parking Management |
| Number of Employees | 50 (As of 2024) |
Early History
AirGarage began as a solution to the co-founders' struggle to find affordable parking around Arizona State University. Initially conceived as a driveway-sharing marketplace, the company quickly adapted to address wider inefficiencies in the parking industry. They identified a niche in partnering with churches and small businesses to optimize space utilization. By developing in-house technology to streamline operations, they could offer comprehensive solutions that included payment integration and usage analytics. These early pivots were critical, setting the groundwork for AirGarage's eventual expansion into larger real estate assets and securing investment from key industry players.
Company Profile and Achievements
AirGarage serves as a full-stack parking operator utilizing its proprietary software to enhance the real estate value of underutilized parking spaces. Key milestones include:
- 2019: Raised $2.3 million in seed funding led by Floodgate, enabling early growth and platform development.
- 2021: Closed Series A funding at $12.5 million, spearheaded by Andreessen Horowitz to scale operations and introduce advanced features like license plate recognition.
- Technology Integration: AirGarage's solutions provide real-time insights into parking operations, dynamic pricing capabilities, and enhance security measures through license plate recognition.
- 10x Growth: Following their Series A funding, AirGarage experienced a 10x growth rate in terms of revenue and operational facilities.
- Partnerships with Industry Leaders: Collaboration with companies like Meta and real estate leaders Hines shows AirGarage's strong industry positioning.
Current Operations and Market Position
AirGarage currently manages over 300 parking facilities in 38 states and prides itself on offering a seamless, technology-driven parking solution. Its market influence is apparent through its partnerships with significant property management entities, effectively competing against traditional parking management systems. The company's ability to automate parking operations and provide analytics-driven decisions allows real estate owners to maximize their property’s earning potential, distinguishing AirGarage as a market leader.
Conclusion
AirGarage is reshaping the parking industry through its innovative, integrated technology approach, turning overlooked real estate into valuable assets. The company's growth and strategic partnerships demonstrate its potential to disrupt traditional parking management models further. By merging real estate, technology, and data-driven insights, AirGarage is well-positioned for future expansion and could redefine how urban spaces are utilized and managed in the real estate sector.