AppyWay to target £20m series-B funding round

AppyWay plans to invest in data capture and improving parking yield. It will also put money into data-as-a-service for transport services and vehicle original equipment manufacturers. Its broader strategy around acquisitions is to accelerate city adoption and expand product functionality.

As part of the company's series-B round, AppyWay announced a £7.6m round of funding in July 2019, which was led by West Hill Capital. Hyundai Motor Company, Aviva Ventures, Sumitomo and Breed Reply also participated.

In January 2015, Rosemont Group Capital Partners led an undisclosed amount of seed funding round for the company. AppyWay raised further capital in 2016 and 2017 from Aviva Ventures and private investors.

Founded in 2013, AppyWay offers a platform of accurate, standardised data, APIs and tools for kerbside management. It is headquartered in London.  

Partner Jon Edirmanasinghe is leading a team from Cavendish Corporate Finance to advise on the fundraise.  

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