
Vend is an AI-powered parking technology solution designed to increase revenue, decrease expenses, and improve the driver experience for parking asset owners and operators. Their cloud-based command center software allows remote management of parking facilities, with a Tenant Connectivity Module enabling tenants to self-manage parking, validations, and billing. Key features include 3rd party integrations, a customer reporting suite with real-time insights from over 80 data points, inventory and pass management, and 24/7 customer support. For drivers, Vend offers a seamless experience with automated vehicle recognition and flexible parking options like monthly passes, validations, and reserved or flex passes. The platform digitizes access and payments, eliminating the need for physical tickets or pay machines. Vend's business model appears to be SaaS, providing a platform for property teams to manage parking operations efficiently, enhance revenue, and reduce costs.

Vend is an AI-powered parking technology solution designed to increase revenue, decrease expenses, and improve the driver experience for parking asset owners and operators. Their cloud-based command center software allows remote management of parking facilities, with a Tenant Connectivity Module enabling tenants to self-manage parking, validations, and billing. Key features include 3rd party integrations, a customer reporting suite with real-time insights from over 80 data points, inventory and pass management, and 24/7 customer support. For drivers, Vend offers a seamless experience with automated vehicle recognition and flexible parking options like monthly passes, validations, and reserved or flex passes. The platform digitizes access and payments, eliminating the need for physical tickets or pay machines. Vend's business model appears to be SaaS, providing a platform for property teams to manage parking operations efficiently, enhance revenue, and reduce costs.
What they do: AI-powered parking technology + field operations for commercial real estate
Product focus: Cloud command center, LPR, digital payments, tenant self-service, inventory & pass management
Team size (reported): 22 employees
Funding (reported): $3.8M prior to Series A; announced $17.5M Series A
Parking operations and monetization for commercial real estate
PropTech / Parking Technology
Seed activity recorded Feb 23, 2023
$17,500,000.00
Series A announced by company
“Blue Heron Capital led Series A; other investors include Nuveen's Real Asset Ventures, Communitas Capital, Floating Point, Crossbeam Venture Partners, APA Venture Partners, and Alumni Ventures”