Pumba

Real-Time Sensor-Based On-Street Parking Locator App

Automotive & Mobility Technologies
Private

Company Overview

Snapshot

Founded in December 2020 by Roy Yotvat and Tamir Ciprut, Pumba operates with 11–50 employees. The company has raised $3 million across three funding rounds from six investors, with its most recent funding round in June 2023.

Business overview

Pumba specializes in urban mobility solutions, offering a real-time sensor-based mobile application that helps drivers locate available on-street parking spaces. The company's core technology leverages a network of sensors installed by residents to provide live updates on parking availability, navigation to open spots, and information on local parking regulations and EV charging stations. Pumba primarily serves the Tel Aviv market in Israel, targeting individual drivers and contributing to smart city initiatives within the Automotive & Mobility Technologies sector.

Strategic signal

In June 2023, Pumba secured an extension Seed round, with Uri Levine as a lead investor. This continued investment from a notable angel investor signals ongoing confidence in Pumba's sensor-based parking technology and its potential to scale within urban environments, particularly in addressing the persistent challenge of on-street parking in dense city centers like Tel Aviv.

Company Intelligence Q&A

What is Pumba's primary offering?
Pumba offers a real-time sensor-based mobile application designed to help drivers locate available on-street parking spaces, providing navigation and information on parking regulations.
When was Pumba founded and by whom?
Pumba was founded in December 2020 by co-founders Roy Yotvat and Tamir Ciprut.
What was Pumba's most recent funding activity?
In June 2023, Pumba secured an extension Seed funding round, with Uri Levine participating as a lead investor.
Which investors participated in Pumba's March 2022 funding round?
In March 2022, Pumba received funding from Uri Levine.
What was a key strategic validation for Pumba in early 2021?
In January 2021, Pumba secured a Pre-Seed funding round, with The Founders Kitchen as a lead investor, alongside.

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