metropolis

metropolis

Photo by Samson Amore

After a baseball career spanning 14 years, former Los Angeles Dodgers right fielder Shawn Green decided it was time for a pivot.

Instead of targeting the typical route for former pro athletes and opting to become a commentator or analyst, Green chose to found Santa Monica-based Greenfly, a startup that provides a cloud-based media file sharing platform for a range of clientele from sports teams to retail stores.

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In Alex Israel’s utopia, you may never have to take out your credit card again.

Israel is the co-founder and CEO of Metropolis Technologies, a Los Angeles-based fintech and “mobility commerce” platform that has just raised $167 million in Series B funding, it announced on Wednesday. The round was co-led by L.A.-based growth equity firm 3L Capital and mobility-focused Assembly Ventures, with participation from Dragoneer Investment Group, Eldridge Industries, Silver Lake Waterman and UP Partners.

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Photo by Patryk Sikora on Unsplash

Though Los Angeles drivers might spend hours per week searching for parking, the truth is that the city actually has an abundance of parking spaces. In fact, according to one study, L.A. has enough parking spaces to cover all of Manhattan.

Alex Israel, CEO of Venice-based Metropolis Technologies, decided it was time to make use of more of that space for purposes other than storage of inactive vehicles. It’s perhaps a surprising point of view, considering Metropolis is the developer of an automated payment platform for parking facilities.

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