Pelican invests £5m in YourParkingSpace

Pelican is a growth capital investor that backs UK-based companies on behalf of family offices without the use of a traditional fund structure. Typical investments are in companies with sustainable profits greater than £1m. The firm also invests a GP commitment alongside its clients, with a combined equity cheque of up to £15m.

The funding will be used to further develop the platform, and invest in sales and marketing.

Previous funding
Level39 invested £250,000 in the company in November 2014.

Company
YourParkingSpace offers an online marketplace for parking space reservations in the UK. Alongside its 60,000 private space providers, the business also works with commercial landlords such as supermarkets and hotel chains, according to a statement. Founded in 2014, the company is based in London.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom