Divvy today announced it has secured $2.5 million in Series B funding, along with the appointment of what it says is a “string of heavyweight hires” to boost its management team.

This latest capital raise brings Divvy’s total investment to $5.3 million, following a $2.5 million Series A funding round early last year and $300,000 Seed round in 2013.

The latest funding comes from a number of undisclosed investors from Australia and Hong Kong.

{loadpositon peter}Divvy Parking Founder and CEO, Nick Austin said that following a successful pilot in Sydney, the funding will go toward the roll-out of the company’s mobile building access technology across Australian CBDs, which will both connect and give commuters access to an entirely new network of thousands of CBD parking spaces bookable daily and monthly, shortly followed by hourly.

The roll out of short-term parking commences next month and new spaces will be added weekly.

Austin also revealed a number of strategic additions to the team, including prominent businessmen Steve Vamos and Peter Gammell, and Microsoft’s former Head of Research & Development James Simpson.

Vamos and Gammell have joined Divvy’s Advisory Board, while Simpson has taken the role of Chief Technology Officer and Director.

Austin said Vamos brings more than 30 years experience in the information technology and online media sectors, holds Non-Executive Director positions with Telstra and Fletcher Building, and was previously a Senior Executive with Microsoft and Apple and former CEO of Ninemsn.

He said Gammell is recognised as one of the country’s leading businessmen and is Director of several companies across Australia, the US, UK and China, including Seven Group Holdings.

Austin said Divvy had also made a number of hires from major players like Uber, Microsoft, Wilson Parking, and Regus, and has recruited the winner of NASA’s student award for lunabotics.

According to Divvy, the strategic hires come off the back of the company’s partnerships with major commercial property groups such as DEXUS Property Group, Knight Frank and GPT Group, who are amongst a growing number of parking asset owners and managers “who see smart technology as key to driving improved yield, tenant services, and data intelligence”.