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irGarage, a parking management company, has secured $23 million in Series B funding led by Headline Growth, with participation from existing investors and customers. This investment will accelerate the company's mission to bring real estate online through its integrated operating system for parking facilities.

    Since its previous funding round, AirGarage has experienced rapid growth, expanding its operations to over 300 parking facilities across 38 states, a tenfold increase. The company's platform offers a range of innovative features, including automated payment processing, license plate recognition, and real-time analytics.

    Leading companies such as Hines, Greystar, and Meta have partnered with AirGarage to optimize their parking assets. By leveraging the platform's capabilities, these partners have seen revenue increases of 20-50% or more. The company's success stems from its ability to transform parking into a data-driven revenue generator.

    AirGarage's vertically integrated approach sets it apart from traditional operators who rely on fragmented systems. Founded in 2017, the company initially solved parking challenges at Arizona State University before expanding to serve institutional real estate owners. With this new funding, AirGarage will continue to expand and develop its technology, working towards its broader vision of bringing all real estate online.

    AirGarage's mission is to bring real estate into the digital age by harnessing technology to eliminate inefficiencies and unlock the full value of underutilized spaces. The company's founders identified a need for a modern solution in the parking industry and built a fully automated system designed for the 21st century, replacing outdated infrastructure with smart parking solutions.