AirGarage is a parking management platform that helps property owners maximize revenue through software tools and operational services. The company manages over 200 parking locations across 30 states, serving real estate owners, hotels, and businesses. Since launching publicly in 2021, AirGarage has grown to manage over 150 parking facilities, a 12x year-over-year increase. AirGarage was founded in 2018 by Jonathon Barkl (CEO), Chelsea Border (CDO), and Scott Fitsimones (CTO), who initially managed church and hotel parking lots in Arizona before pivoting to a full-stack parking management model. The company raised a $12.5M Series A led by Andreessen Horowitz in October 2021.

By digitizing parking assets, AirGarage aims to enable more flexible and efficient use of real estate. The U.S. parking real estate market is valued at $131 billion. Joining AirGarage represents an opportunity to revolutionize a massive yet antiquated industry still relying on decades-old technology. However, the company faces risks including potential industry consolidation and reliance on gig-economy workers for enforcement.