Toronto-based monthly parking service WhereiPark has announced the acquisition of Seattle-based GarageHop for an undisclosed amount. Through the acquisition, WhereiPark will integrate GarageHop’s active parkers and buildings into WhereiPark’s platform.
WhereiPark, founded in 2014, is an online marketplace for monthly parking. Property owners use WhereiPark to generate income from underused parking spaces, while parkers can find and access the most affordable and convenient parking locations. WhereiPark offers parking in Seattle, Los Angeles, San Francisco, Chicago, Boston, Toronto, Washington D.C. and Portland. The company expects to expand its operations to more cities in 2019.
“With this acquisition, WhereiPark will be offering a turn-key solution for monthly parking.”
“We are excited to be working with GarageHop’s team to offer our services to individuals, companies and real estate partners in the Seattle area,” said co-founder of WhereiPark, Jeremy Zuker.
GarageHop is an IoT parking company based in Seattle. Their app offered access to unused Seattle parking spaces at multiple garages with contracted apartment buildings. The acquisition was completed on December 31, 2018. WhereiPark co-founder Alex Enchin said by joining forces with WhereiPark, GarageHop’s real estate partners will have access to broader demand for parking through WhereiPark’s platform.
“With this acquisition, WhereiPark will be offering a turn-key solution for monthly parking at over 50 locations in the Seattle area where individuals or corporate groups can easily reserve and manage their monthly parking,” said Enchin. “Our platform creates tremendous value for buildings and groups of parkers alike.”
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