About Budget
Budget is a company based in Parsippany Troy Hills (United States) founded in 1958, and was acquired by Avis in August 2002. Provider of car rental services and related travel options. Budget has raised $350 million across 1 funding round from investors including Avis and Egeria. Its website budget.com draws about 4.9 million monthly visits.
Company details
The company was founded in 1958 and is headquartered in Parsippany Troy Hills, United States. Operations focus on the car rental sector, where a range of vehicles is offered for short-term use. Supplementary travel services, including online booking and account management, are facilitated through the domain budget.com. Membership programs with specific benefits are available, subject to terms and conditions. Rentals are managed across various locations to support customer mobility needs.
- Headquarters Parsippany Troy Hills, United States
- Stage Acquired
- Website category Travel and Tourism · Car Rentals
- Email••••••••
- Website budget.com/en/home
- Social LinkedIn X Facebook
- Acquired by Avis (Aug 2002)
Apps and channels of Budget
Budget publishes 1 mobile app with over 1M+ downloads.
Funding Insights of Budget
Budget has successfully raised a total of $350M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $350 million completed in April 2001. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $350M
- Total Rounds 1
- Last Round Private Equity Round — $350M
- First Round $350M
(Apr 2001)
All 1 funding rounds of Budget with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2001 | $350M | Private Equity Round | – | – | – |
2 investors in total: 2 institutional.
Investors in Budget
Budget has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Avis and Egeria.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Egeria is focused on long-term value growth through investments. | egeriagroup.com | Amsterdam, Netherlands | ||
Online platform offering car rental services | 1946 | avis.com | Parsippany, United States |
Investor details for Budget
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Budget
440 people are tracked at Budget (140 in leadership, 5 in board & advisors, 295 in team).
| Name | Role | Group |
|---|---|---|
Tracey Zhen | President, Zipcar | Leadership |
Keith Rankin | President, International | Leadership |
Pete McGinnis | West Area Supply Chain Operations Director | Leadership |
Ravi Simhambhatla | Executive Vice President, Chief Digital & Innovation Officer | Leadership |
James Adams | EVP & Chief Commercial Officer International | Leadership |
Susan Rennie | Global Vice President Project Management Office And Governance | Leadership |
Todd August | Director Wholesale Operations | Leadership |
Brian Choi | Executive Vice President, Chief Financial Officer | Leadership |
Smokshane West | Director, AV Fleet Operations | Leadership |
Jean Sera | Senior Vice President & Corporate Secretary | Leadership |
Rebecca Ridley | Head Of Online Travel - International | Leadership |
James Switzer | Director Of Operations Kansas City/omaha/des Moines | Leadership |
Stuart Marlow | Senior Director, Total Rewards, HR Data & Analytics, Global | Leadership |
Robert Bouta | Senior Vice President | Leadership |
Aynsley Toole | Vice President, Head Of Global Product Management | Leadership |
Jeffrey R. Luna | Vp, Head Of Real Estate | Leadership |
Beth Kinerk | Senior Vice President, Sales | Leadership |
Kevin Dees | Director | Leadership |
Joseph Siino | Senior Vice President, Pricing & Contribution Management | Leadership |
Ben Chaddic | Regional Director Fleet Services | Leadership |
420 more people are available in the full profile.
Complete people profiles for Budget
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Web traffic of Budget
The website of Budget (budget.com) receives about 4.9M visits a month and ranks #9,663 among all websites worldwide, #257 in Car Rentals.
- Monthly visits4.9M
▼ 11.3% vs previous month
- Unique visitors2.7M
per month
- Global rank#9,663
among all websites
- Category rank#257
Travel and Tourism · Car Rentals
- Bounce rate40%
- Pages per visit4.1
- Average visit4 min 12 sec
- DevicesDesktop 36% · Mobile 64%
Websites whose visitors overlap most with Budget. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| enterprise.com | 100% | 13.8M | #3,381 | View details | |
| hertz.com | 100% | 9.2M | #4,639 | View details | |
| avis.com | 100% | 5.6M | #7,890 | View details | |
| alamo.com | 95% | 1.9M | #27,726 | View details | |
| nationalcar.com | 89% | 2.5M | #22,537 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Budget
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Budget
Complete news archive for Budget
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Budget
Budget was founded in 1958 and raised its 1st funding round 43 years after it was founded.
Budget is headquartered in Parsippany Troy Hills, United States. It is registered at Parsippany Troy Hills, New Jersey, United States.
Budget is a funded company, having raised a total of $350M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $350M, raised on Apr 2001.
The company was founded in 1958 and is headquartered in Parsippany Troy Hills, United States. Operations focus on the car rental sector, where a range of vehicles is offered for short-term use. Supplementary travel services, including online booking and account management, are facilitated through the domain budget.com. Membership programs with specific benefits are available, subject to terms and conditions. Rentals are managed across various locations to support customer mobility needs.
Yes. Budget was acquired by Avis in August 2002.
Yes. Budget publishes Budget Car Rental, with over 1 million downloads.
The website of Budget receives about 4.9 million visits a month and ranks #9,663 among all websites worldwide.