South African Startup ParkUpp Acquired By Docklands Ventures

South African startup ParkUpp, a marketplace that connects owners of parking spaces with companies and individuals who need parking, has been acquired by real estate investment company Docklands Ventures.

ParkUpp allows property owners to list their parking spaces on the platform for free, with users able to book spaces for short or long periods, pay via the site, and get access to the space. The startup’s solution is used by listed property funds across the country, including shopping centers, private parking facilities, and co-working spaces.