Sydney Startup Divvy is Coming to Solve Your Parking Troubles

Sydney is a city where an entirely un-special parking spot can sell for A$120,000, so there's clearly a lot of room for a clever startup to come and shake things up.
Divvy is hoping it's that startup. While it began with a similar peer-to-peer model to Airbnb — connecting people who have a spare car space and would like to earn some extra cash, with those in desperate need of somewhere to park — it's now planning to expand the service and help corporate buildings manage their parking assets.
Launched in 2011, Divvy announced Tuesday it had closed a A$2.5 million funding round and formalised relationships with corporate property owners DEXUS Property Group, GPT Group and Knight Frank, among others, who will use the platform to manage the parking available in their Australian buildings.
Besides investment funding, Divvy makes money by collecting a commission on transactions.



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