Fundraising FoxDropcar
New York, US · Founded 2014 · Delaware corporation
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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.
Founders & leadership
Dropcar was founded in 2014 by David Newman and Michael Spencer Richardson.
DN
MS
Michael Spencer RichardsonCo-founder
Board
SM
Sol MeyerBoard director
Reported raises · per SEC filings
Form D private placements$2.2M disclosed across 1 round · 2017
▶$2.2MraisedMay 2017 · 16 investors · OtherRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 5
Spot HeroSpotHero 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.
ParkWhizParkWhiz 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.
Way
Neighbor
SpotAngelsSpotAngels is a navigation app that helps drivers find free parking, avoid parking tickets, and access garage deals. It positions itself as a "Waze for parking."
Companies working in the same space as Dropcar.
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.