Ocra, a leading provider of parking revenue management software, announces its successful raise of $5 million in strategic capital led by Trestle Partners with significant follow-on participation from existing investor MCR, the third-largest hotel owner-operator in North America.

This latest funding round marks a meaningful milestone in Ocra’s growth. Trestle Partners joins as a new investor, leading the round and reinforcing the Ocra leadership team’s long-term growth mindset. MCR, which first invested in Ocra in an oversubscribed round in April 2024, doubled-down on its investment, signaling an emphatic endorsement of the company’s current performance and future potential.

“Parking is no longer an afterthought, but a substantial ancillary revenue stream for asset owners”, says Thomas Babcock, Partner at Trestle Partners. “It’s clear to us that Ocrais creating the solutions needed to unlock that value. Our investment is a reflection of this clarity, and of the momentum that Ocra is building.”

Joe Delli Santi, Chief Investment Officer at MCR, adds: “We’ve seen firsthand how Ocra has matured over the last two years. Increasing our investment was an easy decision. This is a team that knows how to execute and understands the complexity of the industry. We’re proud to support their next phase of growth.”

The funding will be used to accelerate product development for Ocra’s revenue management system (RMS)and global distribution system (GDS) for parking assets and expand the company’s go-to-market efforts.

Ocra’s leadership succeeded in their goal of getting the company to cash-flow breakeven while growing nearly 200% YoY and is excited to add more fuel to the fire..

“We didn’t set out to raise capital this year – and frankly, we didn’t need to,” says Ocra’s Chief Executive Officer, Ethan Glass. “Our team has scaled the business with top-tier unit economics and a strong foundation. But the opportunity arose to accelerate growth without compromising who we are. Trestle Partners, MCR, and our other esteemed investors bring far more than capital – they’re strategic partners who share our vision and are uniquely positioned to support this next chapter.”

The company also plans to expand its presence within the hospitality and commercial real estate sectors, where demand for streamlined, real-time parking revenue management is growing.

Amplifying this infusion of new capital, Anthony Broad-Crawford, joins the Ocra leadership team as Chief Technology Officer. A seasoned technology executive with 20+ years of experience launching award-winning, patent-receiving products on a global scale, Broad-Crawford has previously served as C-Suite product leadership at multiple innovative companies in the parking space, including SpotHero, FLASH, and Parkonect.  

“AI has made for an unprecedented moment in history – it’s more significant than personal computing, the internet, and mobile computing combined,” says Anthony Broad-Crawford, Ocra’s Chief Technology Officer. “Parking remains one of the premier spaces where AI can have a transformative and societal impact. Therefore, I’m honored and excited to partner with Ocra to accelerate this AI transformation, leveraging their unique combination of human-led services and technology to deliver groundbreaking results.”

To learn more about Ocra, contact info@getocra.com or visit getocra.com.

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