Home featured Parkable CEO, Toby Littin, and Spark Future of Connectivity Lead, Renee Mataparae Featured Startup Featured Parkable raises NZ$4.6 million in first-round funding Loren Webb September 3, 2019 Parkable , Australasia’s fastest-growing parking app, has raised NZ$4.6 million in its first significant funding round led by Spark, New Zealand’s leading digital services company. The funds will be used to increase Parkable’s dominance of New Zealand’s shared economy parking market, further develop its presence in Australia and China and explore new international markets. In addition to Spark, new investors include Peter Beguely and Rowan Simpson, and early-stage investors and advisory board members Jason Kilgour and David Brain have both increased their holdings. Toby Littin, Parkable Co-Founder and CEO, said: “We are delighted that Spark has led this round and we look forward to working with them even more closely in the future. We will be putting the funds to work immediately and I hope our loyal and growing number of parkers and hosts will have even better parking experiences because of that. “We believe our Parkable for Business product is the best corporate parking optimisation solution in the world. We want to push that very hard now, both in our existing markets in New Zealand, Australia and China, and in new markets where we know there is increasing parking scarcity. Co-Founder and CTO, Brody Nelson, said: “We particularly welcome Spark, who bring all their IoT (internet of things) experience, which will help our customers to get better and more useful