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Vend Park offers an AI-powered technology and operations platform for commercial real estate parking. This unified solution integrates technology, operations, and data, providing remote oversight, tenant connectivity, and real-time reporting. Supporting flexible access models, from gateless recognition to smart gated systems, it optimizes efficiency for property owners.
Founded in 2020 by Michael Miele and Karan Singhal, Vend Park addresses inefficiency and under-monetization in traditional commercial parking. Leveraging their expertise, Miele and Singhal developed a system that automates daily operations and unlocks revenue, transforming parking into a strategic asset.
The company serves commercial real estate owners and property teams across diverse sectors. Its vision is to elevate parking into a valuable real estate component by increasing net operating income, reducing costs, and delivering a superior experience for tenants and drivers, establishing it as modern digital infrastructure.
Vend Park has raised $21.5M across 2 funding rounds.
Vend Park has raised $21.5M in total across 2 funding rounds.
Vend Park is a unified technology and operations company that provides an AI-powered, all-in-one digital parking management platform for commercial real estate owners, operators, tenants, and drivers[1][2][3]. It builds cloud-based software for payments, access control, demand generation, validations, driver support, and real-time reporting, eliminating manual processes, tickets, and pay machines while integrating with existing systems like tenant billing and parking apps[1][2]. The platform serves property teams by increasing revenue, cutting expenses (e.g., labor and maintenance), and improving driver experience through phone/plate/digital wallet entry, flexible passes (monthly, validations, packs, reserved, flex), and 24/7 white-glove support[1][2]. Vend Park recently raised $17.5M in Series A funding to expand its transformation of parking into digital infrastructure, demonstrating strong growth momentum trusted by top owners and property teams[2][3].
Vend Park emerged as a response to fragmented parking technologies, positioning itself as a comprehensive solution for commercial real estate[1][3]. While specific founder details are not detailed in available sources, the company has quickly gained traction, culminating in a $17.5M Series A raise announced in November 2025 to scale its unified tech-ops model for monetizing parking assets[3]. Key early milestones include developing an end-to-end platform with cloud command center software, tenant self-management tools, and 80+ data points per transaction, alongside lifetime updates and no-upfront-cost installations—pivotal for operators replacing outdated systems[1][2]. This evolution reflects a shift from siloed tools to a seamless, revenue-focused ecosystem, with blog content like parking technology timelines highlighting its forward-thinking origins[4].
Vend Park rides the wave of digital transformation in commercial real estate (CRE), converting underutilized parking into revenue-generating digital infrastructure amid urbanization, EV adoption, and demand for contactless services[2][3]. Timing is ideal post-2025 Series A funding, as CRE owners face rising operational costs and need for real-time data amid hybrid work and flexible mobility trends[3]. Market forces like cloud automation, AI analytics, and integrations with proptech stacks favor Vend, enabling remote management and new monetization (e.g., flex passes over static lots)[1][2]. It influences the ecosystem by setting standards for unified tech-ops, reducing labor dependency, and unlocking value in a $100B+ U.S. parking market, empowering operators to focus on core real estate while improving urban mobility[3].
Vend Park is poised to dominate parking digitization, leveraging its $17.5M Series A for national expansion and deeper CRE integrations[3]. Trends like AI-driven pricing, subscription mobility, and proptech consolidation will accelerate growth, potentially capturing more market share as legacy systems obsolesce[2][4]. Its influence may evolve into a full-stack CRE platform, further blending ops with tech to redefine asset management—transforming parking from a cost center to a scalable digital asset, as its all-in-one model promises mutual success from day one[1].
Vend Park has raised $21.5M in total across 2 funding rounds.
Vend Park's investors include Kevin Musco, John McMahon, Communitas Capital, Crossbeam Venture Partners, Derive Ventures, Floating Point, Jeanne Stoll Casey, PagsGroup, Alumni Ventures, APA Venture Partners.
Vend Park has raised $21.5M across 2 funding rounds. Most recently, it raised $17.5M Series A in November 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 12, 2025 | $17.5M Series A | Kevin Musco | John Mcmahon, Communitas Capital, Crossbeam Venture Partners, Derive Ventures, Floating Point, Jeanne Stoll Casey, Pagsgroup | Announced |
| Feb 1, 2023 | $4M Seed | Floating Point | Alumni Ventures, Crossbeam Venture Partners, Bascom Ventures, APA Venture Partners | Announced |
