Fontinalis Partners participated in $25 million financing round for Streetline, a Bay Area company that has developed a suite of smart parking solutions. The investment round featured the addition of three new investors—True Ventures, Qualcomm Ventures, and Citi—along with the continued participation from the company’s three existing investors—Sutter Hill Ventures, RockPort Capital Partners, and Fontinalis Partners. This financing round is in addition to a $25 million credit facility established by Citi’s municipal finance group in early 2012.
Read more about it:
http://venturebeat.com/2013/01/10/parking-startup-streetline-zooms-off-with-25m-in-its-engine/