Official Valet App Rundown: From 6 Competitors To 3 In Under 2 Years

Valet apps took the parking world by storm in 2014. Venture capitalists had invested over $12 million in these companies by November of that year. We were so interested in this emerging technology that we wrote one of our first articles just laying out the landscape.

The initial growth of these companies left parking operators wondering how they would effect off-street parking. Did they help sell excess inventory? Were they a threat to the industry? What is the liability involved in working with a valet app?

A lot has happened since then. Three out of six companies we featured in our original article have since shut down operations because their business model proved difficult to sustain. In this article you’ll find updates on those companies and how the on-demand valet market has changed since 2014.

For a complete rundown on valet parking apps, view our publicly visible Valet Parking Apps Spreadsheet.

 

1. Luxe Valet

LUXE_Blue

 

 

 

 

 

Website: www.luxevalet.com
Funding: $25.5 Million
Lead 2015 Investors: Venrock (main investor)
Status: Operating in San Francisco, Los Angeles, Chicago, Seattle, Austin, New York City
App: iOS, Android
Founder: Curtis Lee, Craig Martin

Since 2014: While Luxe’s $20 million investment in 2015 was a major boost, they still had to pull out of a couple major markets (Boston and Philadelphia). It’s now rumored they might be getting $50 million from Hertz.

 

2. ZIRX

Zirx Valet Ad

Website: www.zirx.com
Funding: $36.4 Million
Lead 2015 Investors: Bessemer Venture Partners
Status: Closed
App: iOS, Android
Founder: Sean Behr

Since 2014: Zirx decided to close their consumer business in February to focus on their enterprise business. Their updated tagline is “Stop wasting time looking for parking. Let everyone drop their car at the main entrance.”

 

3. Valet Anywhere

valet anywhere

Website: www.valetanywhere.com
Funding: $1.35 Million
Lead 2015 Investors: No new major investments
Status: Operating in New York City – Manhattan and parts of Brooklyn
App: iOS, Android
Founder: Robert Kao

Since 2014: Valet Anywhere changed directions after their first year of business, shifting from on-demand transient parking to only long-term parking. Their CEO determined that long-term parking is a more scalable business.

 

4. Vatler

vatler

Website: www.vatler.com, no longer live
Funding: $120 Thousand
Investors: Y-Combinator
Status: Closed
App: None
Founder: Hamza Ouazzani Chahdi

Since 2014:  After shutting down in September 2015, Vatler founder Mr. Chahdi wrote a blog post explaining the “rise and fall” of their business and the challenges of the on-demand valet industry.

 

5. Carbon

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Website: www.caarbon.com

Funding: Undisclosed
Investors: Undisclosed
Status: Closed
App: iOS
Founder: Niko Ralf Cunningham

Since 2014: San Francisco-based Carbon, formerly Caarbon, shut down August 2015 to refocus their business.

“For on-demand parking, every time you’re parking a car, you’re spending two, three, even five times more. It’s very venture capital subsidized,” Cunningham told Business Insider. “Carbon didn’t want to play that game anymore.” 

 

6. SpotLight Parking

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Website: www.spotlightparking.com

Funding: Nearly $1 Million
Investors: Undisclosed
Status: Operating in Boston
App: iOS
Founder: Michael Miele, Joseph Prince

Since 2014: Parking management company VPNE Parking Solutions invested in SpotLight Parking in October 2015 to gain an edge over on-demand valet apps Luxe and Zirx. The SpotLight app is now available for download and offers a few “hotspots” at VPNE garages in Boston.

Kevin J. Leary, President of VPNE, invested in SpotLight to stay competitive against Luxe and Zirx. “They were trying to create a business out of our garages,” Leary told The Boston Globe. “They’re disruptors. Eventually, they’ll be parking operators.”

 

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