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.
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