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AppyWay Raises Investment to Boost Growth and International Scalability
AppyWay's platform of data, APIs, and tools provide digital curbside management solutions that enable intelligent mobility, better connecting cities with people and businesses
FREMONT, CA: AppyWay, a London, UK-based kerbside management, and smart parking technology company, launched its £20 million in Series B funding. The company will use the funds for organic growth of the platform, strategic acquisitions, promote technological investment, and international scalability.
AppyWay provides an advanced platform of accurate, standardized data, APIs, and smart kerbside management tools in the world. By effectively digitizing the kerb, utilizing IoT sensors to establish kerbside demand data, it enriches this via a wide range of sources such as payment operators, navigation and traffic solutions, mobility and last-mile operators, mobile as a service (MaaS) apps, electric vehicle, infrastructure apps, and a variety of other tools.
Dan Hubert, Founder, and CEO of AppyWay said, "We're thrilled to announce this funding round, which will help us move further towards our goal of helping local authorities and businesses unlock the potential of their kerbs. Whether it is residents, drivers, businesses and councils, all stand to benefit from the mobility revolution that is underway."
Councils like Milton Keynes, Cambridgeshire, Portsmouth, Harrogate, Coventry, Southwark, Cornwall, Dorset, and more, ordinary drivers, fleets, and logistics firms also use AppyWay's platform.
Phil Smith, Non-Executive Chairman of AppyWay and ex-Cisco UK and Ireland CEO, said, "By transforming the parking experience, we believe you can transform the entire driving experience. AppyWay is at the forefront of digitising and integrating the mobility market as well as helping to deliver the cleaner, smarter more efficient cities on which so much of our future economic prosperity depends."
The new capital will build on the £10.8 million raised to date, including a £7.6 million Series A round from Sumitomo Corporation, Hyundai Motor Company and Aviva Ventures, West Hill Capital, and Breed Reply. These funds were used to grow AppyWay's mobility team, expand its Sales and Marketing functions, and accelerate new product and IP development.
Jon Edirmanasinghe, Partner, Cavendish Corporate Finance, said: "AppyWay helps pave the way for a new era of smart cities through digital infrastructure and is led by a world class management team, occupying a unique market position by utilising IoT alongside a wide and established partner network."