Ocra Announces Oversubscribed $3.5M Fundraise Led By Parker Technology & MCR Hotels

Today Ocra announces its successful raise of $3.5 million in strategic capital in an oversubscribed round led by Parker Technology, a leading technology-led services company in the parking industry, and MCR Hotels, the third largest hotel owner-operator in the United States.

Other strategic partners contributing to the round include Callahan Family Office, HB Companies, Helene Ventures, Long Run Capital, Sunstone Management, and more.

Originally targeted at $3 million, this oversubscribed round reflects a strong vote of confidence in the company’s vision, team, and technology.

It represents alignment from strategic investors on the team’s mission to build the API layer that connects siloed technologies to the outcomes of centralized operations and substantial revenue growth for parking operators and parking asset owners across all sectors of the industry.

“Every dollar of capital we raise is in the spirit of staying vendor-neutral and supports our vision of being the API layer of this industry,” says Ethan Glass, CEO & Co-Founder of Ocra. “This round creates alignment between our company and other industry leaders, as every investor adds tremendous value beyond the capital.”

This infusion of capital plays a crucial role in driving innovation across product lines and enriching Ocra’s centralized demand channel management platform with new features and integrations.

It also allows the company to double down on its core competencies of demand channel expertise and data-driven revenue optimization for parking assets as offered through its managed services model: Ocra CoPilot.

Additionally, this round supports the continued recruitment of top talent for Engineering, Operations, and Revenue who elevate Ocra’s service level and produce even stronger revenue outcomes for its partners.