About Fair
Fair is a company based in Santa Monica (United States) founded in 2016 by Scott Painter.. Fair has raised $566 million across 10 funding rounds from investors including Ally, Goldman Sachs and Shift Technologies. The company has 152 employees as of December 31, 2021. Fair has completed 3 acquisitions, including Beepi, Skurt and Xchange Leasing. Fair operates in a competitive market with competitors including LeasePlan, Sixt, PumPumPum, Rodo and Vehiculum, among others.
- Headquarter Santa Monica, United States
- Employees 152 as on 31 Dec, 2021
- Founders Scott Painter
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Funding Insights of Fair
Fair has successfully raised a total of $566M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in March 2022. 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 10
- Last Round Series B — $15.0M
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First Round
First Round
(07 Sep 2017)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series B - Fair | Valuation | Shift Technologies |
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| Sep, 2019 | Amount | Debt – Conventional - Fair | Valuation |
investors |
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| Aug, 2019 | Amount | Debt – Conventional - Fair | 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 Fair
Fair has secured backing from 23 investors, including institutional and venture fund investors. Prominent investors backing the company include Ally, Goldman Sachs and Shift Technologies. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Growth-stage technology companies are funded via primary and secondary investments.
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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 Fair
Fair has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Beepi, Skurt and Xchange Leasing. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vehicle lease provider
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2015 | ||||
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Cars are rented via app with agent delivery and pickup.
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2014 | ||||
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Operates a peer-to-peer marketplace for car sales with consignment services.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fair
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Fair Comparisons
Competitors of Fair
Fair 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 LeasePlan, Sixt, PumPumPum, Rodo and Vehiculum, 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 |
Car leasing and financing services are offered via online platform.
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| domain | founded_year | HQ Location |
Rental cars and trucks are provided via an online platform.
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| domain | founded_year | HQ Location |
Pre-owned luxury cars are traded through an online P2P marketplace.
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| domain | founded_year | HQ Location |
New cars are leased or purchased via an app-based platform.
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| domain | founded_year | HQ Location |
Online vehicle leasing and provider comparisons are enabled in real-time.
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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 Fair
Frequently Asked Questions about Fair
When was Fair founded?
Fair was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Fair located?
Fair is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Who is the current CEO of Fair?
Scott Painter is the current CEO of Fair. They have also founded this company.
Is Fair a funded company?
Fair is a funded company, having raised a total of $566M across 10 funding rounds to date.
How many employees does Fair have?
As of Dec 31, 2021, the latest employee count at Fair is 152.
What does Fair do?
Fair was founded in 2016 in Santa Monica, United States, as an app-based platform in the automotive leasing sector. Personalized payment ranges are determined based on users financial details, with matching vehicles displayed for selection. Leases are structured flexibly, allowing extended durations, vehicle upgrades, or early termination. The platform operates through mobile applications available on the App Store and Google Play.
How many acquisitions has Fair made?
Fair has made 3 acquisitions, including Beepi, Skurt, and Xchange Leasing.
Who are Fair's investors?
Fair has 23 investors. Key investors include Ally, Goldman Sachs, Shift Technologies, SVB, and Penske Automotive.
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