About Carey
Carey is a company founded in 1921. It operates as a Managed Services, On-Demand Services, and Franchise / Licensing. Carey has raised $60 million across 2 funding rounds from investors including Avis Budget Group and Chartwell Investments. Carey offers products and services including Executive Ground Transportation, Travel Management Services, and Meetings & Event Services. Carey operates in a competitive market with competitors including Uber, Lyft, Didi, Alto and Flywheel, among others.
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Carey International, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series B
Oct 24, 2007
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Investors
Avis Budget Group
& 1 more
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Employee Count
Employee Count
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Products & Services of Carey
Carey offers a comprehensive portfolio of products and services, including Executive Ground Transportation, Travel Management Services, and Meetings & Event Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Premium chauffeured transportation is provided in luxury vehicles.
Travel logistics are managed for corporate and individual clients.
Transportation solutions are offered for meetings and events.
Funding Insights of Carey
Carey has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in October 2007. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $60.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2007 | Amount | Series B - Carey | Valuation | Avis Budget Group |
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| Jul, 2000 | Amount | Series A - Carey | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carey
Carey has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Avis Budget Group and Chartwell Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are offered to entrepreneurs and family-owned businesses.
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Founded Year | Domain | Location | |
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Car and truck rental services are provided worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carey
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Carey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carey Comparisons
Competitors of Carey
Carey operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uber, Lyft, Didi, Alto and Flywheel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| domain | founded_year | HQ Location |
Ride-hailing services are booked via a mobile app platform.
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| domain | founded_year | HQ Location |
App-based on-demand taxi-hailing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carey
Frequently Asked Questions about Carey
When was Carey founded?
Carey was founded in 1921 and raised its 1st funding round 79 years after it was founded.
Is Carey a funded company?
Carey is a funded company, having raised a total of $60M across 2 funding rounds to date.
What does Carey do?
Carey International, Inc. is recognized as a global leader in chauffeured services and ground transportation logistics management. Services are offered in over 1000 cities worldwide through an exclusive network of branded locations and vetted partners. A diverse fleet of luxury vehicles, including executive sedans, SUVs, and motor coaches, is maintained to cater to business and individual travel needs. Specialized solutions such as corporate travel programs, meetings and event services, and non-emergency medical transportation are provided. With over 100 years of experience, consistent safety and quality standards are ensured across all operations. Innovative technology, including a mobile app for booking and real-time trip updates, is integrated to enhance customer experience in the transportation sector.
What products or services does Carey offer?
Carey offers Executive Ground Transportation, Travel Management Services, and Meetings & Event Services.
Who are Carey's investors?
Carey has 2 investors. Key investors include Avis Budget Group, and Chartwell Investments.
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