Denver smart mobility software company Modii has closed its seed round, led by Australian venture firm EVP.

The raise comes amid rapid adoption of Modii’s SaaS-based cloud platform by major cities, universities and parking operators, guiding the digitisation and optimisation of their transportation infrastructure.

Modii provides a centralised platform for the analysis and optimisation of parking and mobility infrastructure. The cloud-based platform aggregates real-time data on the use and revenue of existing parking assets and leverages AI-driven analytics to predict future demand, enabling operators to improve user experience, asset efficiency and operational decision-making.

In the USA, the company manages over a million parking spaces for customers including multiple 2026 Fifa World Cup host cities and several of the most visited cities in the country. University clients include half of the ten largest universities by daily attendances. Modii’s live environments can be explored at www.modii.co/spaces.

With this investment, Modii plans to expand operations, enhance its engineering and product capabilities, and grow customer delivery and success teams in key US markets.

“This capital raise validates both our vision and our execution,” said Mark Frumar, CEO of Modii. “We’re now positioned to scale innovation that directly improves daily mobility experiences and infrastructure for communities across the USA.”

With the investment, EVP principal Mark Velik will join the board of Modii.

“Modii has built a world-class product with clear customer demand,” said Velik. “We’re excited to support their continued innovation in this long overlooked but essential sector.”

Modii (www.modii.co) is guiding the shift towards smart parking and mobility to help create smarter, greener and safer cities, universities and communities around the world. Modii provides real data on the usage of their parking infrastructure to enable data-led decision-making. The foundation data helps communities achieve increased accessibility and connectivity, the reduction of congestion, emissions and improved asset management.

Modii recently completed a two-year research study in partnership with the Department of Civil Engineering at the University of Texas at Arlington to test the impact and effectiveness of Modii’s platform and parking guidance. Grant-funded by the North Central Texas Council of Governments, the study (www.researchgate.net/publication/385881470_Evaluating_the_Impact_of_Smart_Parking_Systems_on_Parking_Violations) found Modii’s platform provided improvements to parking operations.

EVP (www.evp.com.au) is an early-stage venture capital firm focused on B2B software companies. It has over $250m under management across a portfolio of 40 software companies. Based in Sydney, Australia, it invests entirely in B2B SaaS and marketplace companies across a broad range of industries.