US-based parking technology company Parking In Motion (PIM) closed its series A round on Wednesday, having raised an undisclosed amount from IDG Ventures, the US-focused corporate venturing unit of technology media conglomerate the International Data Group, and investment firm Fontinalis Partners.

PIM provides real-time parking data for more than 500 cities across North America through its smartphone application, and plans to use the investment to expand its service across in-car satellite navigation systems, smartphones and tablet devices. 

Pat Kenealy, managing director of IDG Ventures, said: "Saving time, money and the planet at the same time is appealing, and we were impressed by the robustness of Parking In Motion’s parking data and the scalability of its platform. The Parking In Motion team has done a great job of aggregating data across thousands of disparate parking providers and presenting it in consumer-friendly ways in [navigation] systems and on cell phones,…

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