DIVVY PARKING DRIVES EXPANSION AFTER RAISING $2.5M

"TRANSPORT-TECH startup Divvy Parking has revved up growth plans, after raising $2.5 million in capital. The Sydney-based business uses the share economy model to tackle the parking crisis in the CBD, by connecting commuters with commercial property owners and managers looking to maximise the value of parking assets. The Series B funding round takes Divvy's total investment to $5.3 million, following a $2.5 million Series A funding round early last year and $300,000 seed round in 2013." Read more

Business News Australia 16 Feb 2016