ParkWhiz Raises $10M To Help Drivers Find Cheaper Parking Spots

Aug01, 2014

ParkWhiz, a Chicago-based discount parking-spot finder, has raised $10 million from heavy-hitter investors so it can double its workforce and boost big-name partnerships to become a key part of the “smart car” future.

Drivers can use ParkWhiz’s free app to find the cheapest parking in real time, download a mobile pass and wave their smartphone at the entrance to park.

They automatically get a discount, which can be as much as 50 to 70 percent off the standard daily rate, including at parking facilities near Midway and O’Hare airports…

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