Parkdepot develops solutions for automated parking management based on imaging technology with artificial intelligence (AI). Parkdepot is a full-service provider, offering everything from software and associated hardware to operational implementation.

Customers across Europe already entrust Parkdepot with over 1000 parking spaces and more than 1,000,000 captured parking events daily. Clients include grocery retailers, real estate companies, shopping centers, hotels, and clinics.

Scope of Work

Code & Co. provided Tech & Product Due Diligence to Armira Growth ahead of its growth investment in Parkdepot. The project included assessing the company’s proprietary software, hardware integration, and image recognition (et al.) AI capabilities. Code & Co. further assessed the team’s strategic product roadmap, KPIs & metrics, and internal processes such as the team’s software development life cycle.

About Armira Growth

Munich-headquartered Armira Growth is a growth equity investor focused on fast-growing technology companies. Code & Co. and Armira Growth collaborated most recently on the fund’s investments in Yoummday (a customer service platform) and Workwise (a digital recruiting marketplace and HR operating system).

About Parkdepot

Parkdepot operates one of the leading digital parking platforms in Europe and is digitizing the traditional parking industry. Using the latest license plate recognition technology, Parkdepot offers an uncomplicated and cost-effective alternative to barrier systems.

About Code & Co.

Code & Co. is an independent advisory firm specialized in advising funds in the global alternative investment industry with modern and holistic Tech and Product Due Diligence. Code & Co’s Tech & Product Due Diligence uncovers potential risks threatening asset value and unlocks opportunities for accelerating growth.