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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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.
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.
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Growth-stage technology companies are funded via primary and secondary investments.
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Investor details for Fair
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Investments & Acquisitions by Fair
Fair has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Beepi, Skurt and Xchange Leasing.
Investment portfolio details for Fair
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Vehicle lease provider
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Cars are rented via app with agent delivery and pickup.
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Operates a peer-to-peer marketplace for car sales with consignment services.
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Complete acquisition details for Fair
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Financial Statements - Fair
Detailed financials for Fair
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Fair Comparisons
Peer comparison for Fair
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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.
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Car leasing and financing services are offered via online platform.
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Rental cars and trucks are provided via an online platform.
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Pre-owned luxury cars are traded through an online P2P marketplace.
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New cars are leased or purchased via an app-based platform.
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Online vehicle leasing and provider comparisons are enabled in real-time.
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Detailed competitors of Fair
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Latest news on Fair
Complete news archive for Fair
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Frequently Asked Questions about Fair
Fair was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Fair is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Scott Painter is the current CEO of Fair. They have also founded this company.
Fair is a funded company, having raised a total of $566M across 10 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Fair is 152.
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.
Fair has made 3 acquisitions, including Beepi, Skurt, and Xchange Leasing.
Fair has 23 investors. Key investors include Ally, Goldman Sachs, Shift Technologies, SVB, and Penske Automotive.