VC-backed startup backing out of 15,000 SF in LoDo

parkifi-larimer

Parkifi moved into the former SendGrid office at 1451 Larimer St. in 2016. (BusinessDen file photo)

Parkifi is backing out of Larimer Square.

The startup, which monitors parking spaces using sensors, has listed its 15,000-square-foot office at 1451 Larimer St. for sublease on CoStar asking for monthly rent of $50,000. The space is marketed by Newmark Knight Frank.

Parkifi, a 3-year-old startup founded by former SendGrid employees Ryan Sullivan and Rishi Malik, also is tapping the brakes on staffing. A review of LinkedIn search results shows Parkifi has shed a dozen employees in four months.

Reached by phone, Sullivan acknowledged that the company was downsizing, but declined further comment. Former employees contacted by BusinessDen declined comment on the record.

According to SEC filings, the startup has raised at least $13.4 million since 2014. Its local investors include Galvanize Ventures, Foundry Group Angels, Grotech Ventures, Service Provider Capital and MergeLane.

parkifi-larimer

parkifi-larimer

Parkifi moved into the former SendGrid office at 1451 Larimer St. in 2016. (BusinessDen file photo)

Parkifi is…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments