Passport (company)
 | |
| Company type | Private |
|---|---|
| Industry | Web and mobile payments software |
| Founded | May 2010 |
| Founder | Bob Youakim Charlie Youakim |
| Headquarters | |
| Website | www |
Passport is a Charlotte, North Carolina-based curb management payment service provider and software company.[1]
Passport provides an enterprise software platform for cities, transit agencies, universities, and private operators in the parking and transportation industries throughout the U.S. and Canada.[2] Passport’s primary applications include mobile payments for parking and mobile ticketing for transit operations.[3] Passport's software allows municipalities and private operators to charge users for parking without hardware payment stations.[4][5][6]
History
[edit]Passport was co-founded by Khristain Gutierrez and Bob Youakim in 2010.[7][8]
Investment firm Sixth Street Growth put up the capital for Passport with a reported $90 million investment. In 2017, the company raised $43 million in Series C funding led by Bain Capital. By 2021, the company had raised nearly $200 million.[9]
Acquisitions
[edit]The company acquired Scottdale, Arizona-based ParkX LLC in 2016.[10]
In 2018, Passport acquired NuPark, a license plate reading company.[1] In 2021, NuPark was sold to T2 Systems.[11]
References
[edit]- ^ a b "Charlotte startup Passport acquires NuPark, a parking technology company | WRAL TechWire". wraltechwire.com. 2018-10-09. Retrieved 2024-08-12.
- ^ "Mayor Walsh launches ParkBoston to simplify parking". The Daily Free Press. 20 January 2015. Retrieved 16 May 2015.
- ^ "Peoria plans to test app that allows mobile parking payment". Journal Star (Peoria). Retrieved 16 May 2015.
- ^ "New app makes paid parking at Washington Park, Oregon Zoo, easier". OregonLive.com. 13 March 2015. Retrieved 16 May 2015.
- ^ "New app makes parking payments easier in White Plains". The Journal News. Retrieved 16 May 2015.
- ^ "Portland Parks & Recreation's Washington Park Introduces New, Free Pay-by-Phone Parking App, Passport". blog.parknews.biz. 12 March 2015. Retrieved 16 May 2015.
- ^ "Passport Co-Founder Khristian Gutierrez Appointed CEO to Lead Next Phase of Growth". www.parking.net. 2024-03-08. Retrieved 2024-06-20.
- ^ Starck, Julie (2024-02-29). "Passport Shakes Up C-suite As Charlotte Tech Company Plans For More Growth". www.parking.net. Retrieved 2024-06-20.
- ^ "Passport Raises Another $90M, Bringing Total Above $200M". GovTech. 2021-05-24. Retrieved 2024-07-01.
- ^ Ringle, Hayley (7 December 2016). "Scottsdale mobile parking payment startup acquired by North Carolina-based Passport". Phoenix Business Journal. Retrieved 2024-06-20.
- ^ "T2 Systems Acquires NuPark from Passport". T2 Systems. Retrieved 2024-08-12.
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