Realtime Parking Info Provider Parking In Motion Lands Series A Funding

Parking In Motion has raised an undisclosed amount of capital in a Series A financing round co-led by IDG Ventures and Fontinalis Partners, the investment firm co-founded by William Clay ?Bill? Ford Jr., the great-grandson of Henry Ford (and Executive Chairman of Ford Motor Company). The additional capital will allow Parking In Motion to deliver its real-time parking database to automobile navigation systems, mobile phones, tablets and other data aggregators.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/sd4eu8Qv_ik/

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