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Park Loyalty
Milwaukee, US · Founded 2021 · Delaware corporation · 1 known investors
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Park Loyalty provides software solutions for parking management and enforcement to municipalities and parking operators. The company serves parking agencies with technology platforms for compliance, collections, and mobility operations.
Founders & leadership
Park Loyalty was founded in 2021 by Sriram Somanchi.
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Sriram SomanchiFounder & Chief Technology OfficerSriram Somanchi is founder and CTO of Park Loyalty, which provides software for parking management and enforcement to municipalities and parking operators. He previously held roles at CivicSmart, Duncan Solutions, eMantras, and PocketMedi.
Board
JC
JACK CONNOLLYBoard director
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MURALI YELLEPEDDYBoard director
Investors · 1
Elephant PartnersreportedBoston
How we know: a partner's Signal profile · investorshangout.com · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$4M disclosed across 1 round · 2025
▶$4MraisedNov 2025 · 1 investors · OtherRule 506(b)
▶$4MraisedNov 2025 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- JACK CONNOLLYDirector
- MARC LUCEYExecutive Officer, Director
- MURALI YELLEPEDDYDirector
- SRIRAM SOMANCHIExecutive Officer, Director
- Offering amount
- $4M
- Amount sold
- $4M
- First sale
- Oct 2025
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 5
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.
ParkadeParkade provides software for managing and booking parking within buildings, offering interactive dynamic maps that let users visualize facilities and reserve specific spots. It serves property managers and building owners who want to manage parking, as well as the people who book those spaces.
Flash ParkingFlash provides cloud-native software, hardware, and demand channels that connect parking asset owners, operators, and drivers, covering the full parking experience from finding and reserving to charging and payment. It serves real estate owners, parking operators, and urban mobility leaders across garages, surface lots, valet, airports, hotels, municipalities, and universities, and includes EV charging capabilities.
ParqEx_LogoAndTag_GrayBackgroundParqEx provides a parking management platform that lets property owners and managers list, rent, and manage parking spots through a private marketplace, plus tools for tenant management, access control, enforcement, and guest parking. It serves property owners and managers with self-managed and account-managed plans across mobile and desktop apps.
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.
Companies working in the same space as Park Loyalty.
In the news
Frequently asked questions
- What does Park Loyalty do?
- Park Loyalty provides software solutions for parking management and enforcement to municipalities and parking operators. The company serves parking agencies with technology platforms for compliance, collections, and mobility operations.
- Who founded Park Loyalty?
- Park Loyalty was founded by Sriram Somanchi in 2021.
- Who are Park Loyalty's investors?
- Park Loyalty's investors include Elephant Partners.
- How much funding has Park Loyalty raised?
- Park Loyalty has disclosed $4M raised across 1 round.
- Where is Park Loyalty headquartered?
- Park Loyalty is headquartered in Milwaukee, US.