Vallie receives significant seed funding
Vallie, an on-demand valet parking service, has received seed funding of $750,000, led by Saatchi Invest.
Co-founded by Nash Islam and Robin Doble in 2015, Vallie is an on-demand personal valet parking service that allows customers to drop their car anywhere in Central London, where it is collected by a driver and parked per hour or day. Vallie has grown its coverage area five-fold since launch.
In addition to Saatchi Invest, this round’s investors include the London Co-Investment Fund and the CEO of the Met Group Danny Kessler and his partner, Michael Jacobs, who invested after using Vallie’s service.
‘London is one of the most difficult and expensive places to park in the world. Our customers love Vallie and the services we provide. It’s not just parking, it’s about improving the entire car owner experience and make driving into London work for both the driver and the city. Vallie’s model can work well in almost any city across the world. This round allows Vallie to deliver on that potential immediately,’ said Nash Islam, CEO of Vallie.
Leo Castellanos, partner at Saatchi Invest, said, ‘We back big ideas that change the world in elegant yet simple ways. We love what Vallie are doing and are impressed with their overall customer experience. We see untapped potential and believe Vallie is not only the future of parking, but also very relevant to the way communities and cars converge in the ongoing forging of smart cities.’