"We are immensely grateful for the trust of our investors and are excited about the opportunities this funding provides in attracting users and locations," says Pieter Groot, co-founder of My Way.
"Parking is now a challenge for all involved. With this investment, we can improve our product to better support residents, commuters, and day-trippers," says Steven Kesler.
The current investment will primarily support activities in the Netherlands. However, future investment rounds will enable My Way to expand to new markets.
Through the company's app, users can reserve parking spots at a lower cost than street parking, which helps to improve the overall travel experience.
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