The Parking Startup That Swallowed A 100-Year-Old Giant | Metropolis CEO Alex Israel
If you’ve parked a car recently in the U.S. or Canada, there’s a good chance you paid through a startup called Metropolis. Founded in 2017 by CEO Alex Israel and three co-founders in a Santa Monica garage, Metropolis is now the largest parking operator in North America – with 23,000 employees, $5 billion in payments, and 30 million Americans signed up for its ticketless app.
If that sounds unusual for a startup, you’re right. Metropolis got there in unusual fashion, enlisting the help of billionaire Todd Boehly to acquire a legacy player many times its size in a move one banker initially…
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