Outpost Expands Its Parking Network With $12.5M Series A

The logistics company will deploy a technology platform to help trucking companies streamline parking reservations.

Published on Apr. 23, 2024
Outpost Expands Its Parking Network With $12.5M Series A
Photo: Shutterstock

Outpost, a network of managed semi-truck parking facilities, has raised $12.5 million in Series A funding to address the nationwide truck parking shortage. The funding will be used to expand Outpost’s network of properties and its technology platform. 

Outpost, formerly known as Semi-Stow, is headquartered in Austin with an engineering hub in Seattle. The company operates a network of 18 properties and 8,000 parking spaces. After opening 10 new fleet yards in 2023, Outpost aims to more than double its number of properties under management in 2024.

Additionally, the company is deploying a technology platform that will allow trucking companies to book and manage reservations online, monitor equipment through real-time video feeds and improve the efficiency of their parking and storage spend. This solution, combined with Outpost’s asset management service, will also help parking lot owners streamline their operations.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

Hiring Now
Dropbox
Cloud • Consumer Web • Productivity • Software • App development • Automation • Data Privacy