Reef Technology raises $700 million from SoftBank, Mubadala Capital

    0
    29

    Miami-based Reef Technology raised $700 million in a growth equity round led by Mubadala Capital and SoftBank Vision Fund. The company, which provides hardware, software, and management services for parking lots, transforms parking lots into neighborhood delivery hubs for local businesses. CEO Ari Ojalvo said Reef Technology is using its network of more than 4,500 parking locations to create a proximity-as-a-service platform for large and small businesses. “We are excited for this next stageā€¦

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here