About Fairmatic
Fairmatic is a company based in Reno (United States) founded in 2019. Fairmatic has raised $88 million across 2 funding rounds from investors including Aquiline Capital Partners, Bridge Bank and Foundation Capital. The company has 38 employees as of April 08, 2024. Fairmatic offers products and services including AI-Powered Fleet Insurance and Fairmatic Mobile App. Fairmatic operates in a competitive market with competitors including Clearcover, Cambridge Mobile Telematics, Metromile, HDVI and Sigo Insurance, among others.
- Headquarter Reno, United States
- Employees 38 as on 08 Apr, 2024
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 Fairmatic Technologies India Private Limited
- Date of Incorporation 08 Dec, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$322.68 K (USD)0as on Mar 31, 2022
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Net Profit
$32.51 K (USD)0as on Mar 31, 2022
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EBITDA
$96.29 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$88 M (USD)
in 2 rounds
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Latest Funding Round
$46 M (USD), Series B
Mar 16, 2023
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Investors
Aquiline Capital Partners
& 7 more
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Employee Count
38
as on Apr 08, 2024
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Products & Services of Fairmatic
Fairmatic offers a comprehensive portfolio of products and services, including AI-Powered Fleet Insurance and Fairmatic Mobile App.
Offers data-driven auto insurance rewarding safe fleet driving.
App for onboarding fleets and monitoring driving behaviors.
People of Fairmatic
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Funding Insights of Fairmatic
Fairmatic has successfully raised a total of $88M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $46 million completed in March 2023. 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 Fairmatic
Fairmatic has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Aquiline Capital Partners, Bridge Bank and Foundation Capital.
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Private equity and debt investments are directed toward financial sectors.
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Investor details for Fairmatic
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Investments & Acquisitions by Fairmatic
Investment portfolio details for Fairmatic
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Financial Statements - Fairmatic
Detailed financials for Fairmatic
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Fairmatic Comparisons
Peer comparison for Fairmatic
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Competitors of Fairmatic
Fairmatic 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 Clearcover, Cambridge Mobile Telematics, Metromile, HDVI and Sigo Insurance, among others.
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Automotive insurance is delivered via an online platform.
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Usage-based data monitoring solutions for the auto insurance industry
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App that provides usage-based auto insurance platform for individuals
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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App-based auto insurance comparison is offered to individuals.
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Vehicle data is monitored through plugin devices for usage-based insurance.
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Detailed competitors of Fairmatic
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Latest news on Fairmatic
Complete news archive for Fairmatic
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Frequently Asked Questions about Fairmatic
Fairmatic was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Fairmatic is headquartered in Reno, United States. It is registered at Reno, Nevada, United States.
Fairmatic is a funded company, having raised a total of $88M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Fairmatic is 38.
Annual revenue of Fairmatic is $322.68K as on Mar 31, 2022.
Fairmatic was founded in 2019 and is headquartered in Reno, United States. An online platform is operated within the insurance sector, focusing on commercial auto coverage. Insurance rates are calculated using artificial intelligence to evaluate driver behavior. Rewards are provided for safe driving practices as part of the services offered.
Fairmatic's top competitors include Clearcover, Metromile and Sigo Insurance.
Fairmatic offers AI-Powered Fleet Insurance and Fairmatic Mobile App.
Fairmatic has 8 investors. Key investors include Aquiline Capital Partners, Bridge Bank, Foundation Capital, Battery Ventures, and Jerry Yang.