Dropcar was founded by David Newman, Michael Spencer Richardson in 2014.

How much funding has Dropcar raised?

Dropcar has disclosed $2.2M raised across 1 round.

Where is Dropcar headquartered?

Dropcar is headquartered in New York, US.

Dropcar

New York, US · Founded 2014 · Delaware corporation

Find your way into Dropcar

121 people in our graph share verified history with the Dropcar team — schools, employers, funds. One of them is your warm intro.

John Hornbostelunlockedknows David Newman · together at Fordham University School of Law (overlapped)

knows the team · via Kramer Levin Naftalis & Frankel LLP

×9knows the team · via Fordham University School of Law

knows the team · via Related Companies

DropCar provides monthly parking services for vehicle owners in Manhattan and assists customers with the Manhattan Resident Parking Tax Exemption process. It serves personal vehicle owners parking in long-term garage spaces in New York City.

Consumer Mobility & Transportation

Founders & leadership

Dropcar was founded in 2014 by David Newman and Michael Spencer Richardson.

David Newman inCo-FounderDavid Newman is co-founder and executive officer of Dropcar, which provides monthly parking and related services for vehicle owners in Manhattan. He has held senior roles in investment banking, corporate development, and legal.

Michael Spencer RichardsonCo-founder

Board

Sol MeyerBoard director

Reported raises · per SEC filings

Form D private placements

$2.2M disclosed across 1 round · 2017

▶$2.2MraisedMay 2017 · 16 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

David NewmanExecutive Officer, Director
Sol MeyerDirector
Michael Spencer RichardsonExecutive Officer, Director

Offering amount: $2.5M
Amount sold: $2.2M
Sales commissions: $175K
Placement agents: Palladium Capital Advisors LLC
First sale: Apr 2017
Incorporated: Corporation, Delaware, 2014
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 3

by search overlap

Spot Hero95 shared keywordsSpotHero is a parking reservation app that helps drivers find and book affordable parking at garages, lots, and valet services across North American cities. The platform operates in over 400 major cities and serves as a marketplace connecting drivers with parking providers.

ParkWhiz80 shared keywordsParkWhiz is an online parking marketplace and mobile app that lets drivers search, compare prices, and reserve parking spaces in advance for events or immediate use. Users book spots through the app and enter using a mobile parking pass, often at discounts off standard rates.

SpotAngels59 shared keywordsSpotAngels provides a mobile app that helps users find parking, avoid tickets through location reminders, and pay parking meters in select cities. The service serves drivers in urban areas and generates revenue through premium subscriptions and parking transaction commissions.

Companies competing with Dropcar for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Dropcar do?: DropCar provides monthly parking services for vehicle owners in Manhattan and assists customers with the Manhattan Resident Parking Tax Exemption process. It serves personal vehicle owners parking in long-term garage spaces in New York City.
Who founded Dropcar?: Dropcar was founded by David Newman, Michael Spencer Richardson in 2014.
How much funding has Dropcar raised?: Dropcar has disclosed $2.2M raised across 1 round.
Where is Dropcar headquartered?: Dropcar is headquartered in New York, US.