Zark Secures Series A to Ignite Expansion of Creative Ancillary Income Solutions for Multifamily Sector
Saturday, June 14, 2025
Partnership with Baleon Capital Will Accelerate Growth and Innovation in Rentable Items and Parking
SCOTTSDALE, Ariz., June 12, 2025 /PRNewswire/ -- Zark, a groundbreaking service that optimizes parking availability at multifamily communities and provides residents with easy access to leasing garages, storage spaces and amenities through Rentable Items, today announced the successful completion of its Series A funding round led by Baleon Capital ("Baleon"). This partnership enhances Zark's existing roster of prominent investors, including notable current and former executives from the multifamily sector.
Baleon Founder and Managing Partner Jon Kaiden and Zark CEO Todd Katler share a long-standing, trusted relationship, having previously collaborated on initiatives that drove significant industry advancements. This latest round of funding is pivotal in expanding Zark's innovative offerings, particularly with the company's Rentable Items solution, which has garnered opportunities exceeding one million units with multiple operators just a few months after its introduction to the market.
"We are excited to welcome Baleon to our family of investors. Since 2023, Zark has achieved remarkable growth of 400%, and we are optimistic about doubling that growth this year," Katler stated. "Our premier technology is designed to empower property owners and operators, enabling them to generate ancillary income while simultaneously enhancing the living experience for residents. The net result fosters a win-win situation for all parties involved."
Zark's parking and Rentable Items technologies are designed with both residents and property managers in mind. The cost-effective solutions require zero capital expenditure and offer easy implementation, eliminating the stress of any on-site or technological change management. By leveraging Zark's platform, multifamily property owners can increase revenue, improve resident satisfaction and optimize portfolio performance and value.
"We deeply believe in Zark's vision and commitment to enhancing the resident experience," Kaiden said. "This funding marks a significant milestone, and we are excited to support Zark's visionary solutions that will fundamentally change the way property owners and residents interact. Together, we are paving the way for a more efficient and profitable future for multifamily communities."
Utilizing the Zark mobile and desktop apps, residents can easily reserve parking spots, garages, storage spaces and more. They can customize amenities and rentable items to book hourly, daily or monthly reservations. This approach provides communities with a straightforward solution that generates revenue for properties while empowering residents to add customization to their community life on their terms.
About Zark
A leading technology-enabled parking and amenities management provider, Zark improves the resident experience by reducing frustration and generating ancillary income for operators. Zark optimizes parking with an intuitive platform that enables residents and guests to reserve underutilized spaces, as well as streamlines parking enforcement for property teams with real-time tracking, customizable violations and towing coordination. Additionally, Zark's new Rentable Items feature helps properties maximize their amenities by offering hourly, daily and monthly rentals for garages, storage units and other assets--enhancing the resident experience and driving meaningful ancillary income for operators without capital expense or hefty fees. For more information, visit zarkparking.com or LinkedIn.
About Baleon Capital
Baleon supports founders in growth stage B2B companies across healthcare and tech-enabled business services. Baleon's mission is to partner with exceptional founders seeking more than just capital, as Baleon offers comprehensive support throughout the entire business lifecycle. Leveraging Baleon's proprietary advisory network and operational expertise, Baleon facilitates rapid and efficient growth. For more information, visit Baleon Capital's website at baleoncapital.com.
Media Contact
LinnellTaylor Marketing
Darcey Leach, Account Manager
303.682.5005
darcey@linnelltaylor.com
View original content:https://www.prnewswire.com/news-releases/zark-secures-series-a-to-ignite-expansion-of-creative-ancillary-income-solutions-for-multifamily-sector-302479769.html
SOURCE Zark Parking
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