The parking monitoring platform developer is seeking $21.8m in the round having previously raised money from investors including Aviva, Reply, Hyundai, Microsoft and Sumitomo.
AppyWay, a UK-based parking management technology provider backed by corporates Microsoft, Hyundai Motor, Aviva, Reply and Sumitomo, opened a series B round on Tuesday with a £20m ($21.8m) target for its close.
Founded in 2013, AppyWay has built a system that helps businesses and local governments monitor street-side parking through feedback from internet-of-things sensors positioned along each road.
The company plans to use the series B cash to fund strategic acquisitions, technology development and overseas expansion.
Insurance firm Aviva invested…
