Flash Valet Raises $1.25M

Austin-based Flash Valet, a developer of mobile software for managing valet parking, has raised $1.25M in a funding round, the company said this morning .The round was led by Trellis Partners, and also included Austin Ventures, G51 Capital, and 186K Ventures. The company said the funding will go towards development and expansion of its technology. The firm's software lets parking providers manage everything from tracking vehicles, employee time and attendance, and accepting payments and credit cards, via a mobile phone.