Freddie Achom, Founder and Chairman of the London-based private investment company, Rosemont Group Capital Partners, has confirmed a seed round of investment in APPYPARKING, the award winning app founded by London-based creator, Dan Hubert. The amount was undisclosed.
Launched in 2013, APPYPARKING is the brainchild of Dan Hubert, a former advertising wiz who, due to his own personal frustration at trying to park around London, was driven to creating a time saving app to help fellow drivers. It is an easy to use app that assists drivers in the UK to locate available parking spaces, saving drivers from having to search the streets for paid-for or free parking.
Available on iOS and android, APPYPARKING has already won several technology awards, including Stuff Gadget Awards 2014, runner-up to none other than Uber, and most recently it was awarded the Winner of FORD’s Traffic Tamer App and International Congestion Challenge, which saw submissions from over 100 individual developers, teams and organizations. APPYPARKING is subsequently now in talks with Ford for a roll out in a selected number of their forthcoming vehicles as part of its Smart City Solution Strategy.
Rosemont Group Capital Partners will bring significant experience in the technology and financial industries together with strategic business planning, financing, operations, sales and marketing to have oversight of the strategic direction and operation of APPYPARKING’s national and international expansion alongside Hubert and his team.
“We’re really happy to have the expert backing and support of Freddie Achom and Rosemont Group. His support and belief in our vision is second to none and this only gives us the confidence to go out there, disrupt the market and succeed.” says Dan Hubert.
“The parking industry is a notoriously old fashioned and fragmented sector that is void of a single cohesive technical solution. The Private and Public sectors work independently, supplying many apps and websites with varying degrees of information to suit their own agendas. The result is a level of confusion that is the biggest factor in causing the over 4 million parking tickets a year issued by London councils alone. A total bill to motorists of over £600 million a year in parking fines. Not to mention the unnecessary waste of time and fuel in looking for spaces which statistics show accounts for 20% of city congestion. APPYPARKING now provides the solution. An app, designed by a consumer, for the consumer. Watch this parking space, ” says Freddie Achom.