MyPark Secures $2.1 Million Seed Financing Round from Local and Nationwide Investors

South Florida-based parking application is aggressively broadening and accelerating its expansion

MIAMI, Florida (April 23, 2018) – MyPark, the Miami-based parking solutions provider used by
malls, private garages, public garages and property management companies, today announced
it has completed a $2.1 million seed round of financing. Multiple investors were involved in the
seed round. Through its current funding, MyPark attracted people on a national level, thus
securing business and revenue for South Florida.

“The MyPark service has been up and running since 2016, and we have installed our
technology in public and private parking garages, malls, and other locations throughout South
Florida, Minnesota, New Jersey, California, Georgia and Puerto Rico,” said Luis Mayendia,
President & CEO of MyPark. “Thousands of consumers have downloaded our iOS and Android
app to eliminate the headaches and wasted time of trying to find a parking spot. With the seed
round funding we will be able to continue to grow the company at not only a national level, but

MyPark partners with malls and garages to provide hassle-free parking to customers. Shoppers
simply download the app directly from the Android or iOS stores, register and tell the app where
and when they would like to park. Then they choose the section they want (the best spot is
selected automatically by default) and confirm their reservation. Once users arrive at their
reserved space, they simply tap “Let Me In” on their iOS or Android device and the unique
MyPark reservation device will lower to give them access. Spaces can be booked on demand or
reserved in advance, through the app, for $3 for up to two hours and $3 each additional hour.
The seed round financing builds on an exceptional last month for MyPark, which saw a rapidly
growing expansion with the service launching at The Florida Mall, Orlando International
Premium Outlets, Orlando Vineland Premium Outlets in Orlando. In addition, the U.S. Patent
and Trademark Office officially issued Patent Numbers 9,922,561 and 9,922,562 which cover all
aspects of the system and technology behind the MyPark application and company. The patents
are critical to MyPark’s continued growth, particularly for their franchise partners.

Coming soon, MyPark plans to expand its parking application at a worldwide level through

About MyPark

MyPark is a revolutionary IoT solution that enables the monetization and control of premium
parking spaces at high traffic, high value spots, while offering the user the most convenient and
fun way to park. We accomplish this by combining our unique MyPark device with our user
friendly reservation and payment app, making MyPark a complete solution for providing
convenience as well as a powerful management tool. MyPark, which has two unique and
patented technologies is used by malls, private and public garages, and property management
companies, MyPark solves the hassles of crowded parking lots and garages and brings greater
efficiency, enforcement, monetization and user control to the parking process. The system
operates in an autonomous fashion reducing operating expenses while improving the customer
experience. Founded in 2013 in Miami, Florida, MyPark is a South Florida owned, designed and
engineered platform with national presence.


Alessandra Gonzales or Greg Rios for MyPark or
786.337.3026 or 954.593.3074