I’m Sampsa Siitonen, CEO of Witrafi. We build parking services. Last year our revenues surpassed 200 000 €, this year aiming for 500 000 €. We have 2 products and services out, Rent-a-Park www.rentapark.fi, a marketplace for parking spaces and Magee, a device and service for paying parking and using an electronic parking disk.

We have been hard at work with our new app Spottery, which we would like to introduce at the event. It includes parking payments, Rent-a-Park marketplace features (which disappears as a standalone service at the same time), our algorithm for predicting parking occupancy at the time of arrival and access control (barrier and gate opening). Effectively this eases the consumers life, they only need one app for something they previously needed 4 to do. We are launching Spottery in Q1 2018 in Helsinki. Why we need funding is for promotion of the app domestically and internationally, hitting 500 000 € revenues this year and over 1 MEUR in 2019. The round amounts to 400 000 €, of which we raised 150 000 € at the end of 2017.

We are looking for 250 000 € investment.