What does Zark do?
Zark offers a smart service that optimizes parking availability at multifamily communities. It helps residents reserve underutilized parking spaces and access leasing options for garages, storage units, and other amenities through its Rentable Items feature, improving the overall resident experience and helping property operators generate ancillary income.
How much did they raise?
The company raised an undisclosed amount in its Series A round, which was led by Baleon Capital. The round also included participation from prominent figures in the multifamily sector.
What are their plans for the money?
With this funding, Zark plans to enhance its platform by expanding features such as real-time tracking, customizable violations, and streamlined parking enforcement. Additionally, the company aims to bolster its network of notable investors and industry experts to further drive innovation in parking optimization and rental services.
What have they achieved so far?
Led by CEO Todd Katler, Zark has already made significant strides by developing an intuitive platform that not only reserves parking spaces but also integrates a Rentable Items feature. This dual approach has helped reduce resident frustration and generate ancillary income for property operators.
