About RAC
RAC is a company based in Walsall (United Kingdom) founded in 1897 was acquired by CVC in December 2015. RAC has raised $20.37 million across 2 funding rounds from investors including Aviva, The Carlyle Group and CVC. RAC has completed 2 acquisitions, including Dekk1 and Nebula Systems. RAC offers products and services including Breakdown Cover, Car Insurance, and Mobile Mechanics. RAC operates in a competitive market with competitors including Generali, Aviva, Lloyd’s, Munich Re and NN Group, among others.
- Headquarter Walsall, United Kingdom
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Rac Financial Services Limited
- Date of Incorporation 06 Jul, 2004
- Jurisdiction WALSALL
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$20.37 M (USD)
in 2 rounds
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Latest Funding Round
$71.95 M (USD), Debt – Conventional
Nov 09, 2020
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Investors
Aviva
& 4 more
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Employee Count
Not available
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Investments & Acquisitions
Dekk1
& 1 more
- Acquired by
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Products & Services of RAC
RAC offers a comprehensive portfolio of products and services, including Breakdown Cover, Car Insurance, and Mobile Mechanics.
Assists with vehicle breakdowns and roadside repairs quickly.
Provides coverage for vehicles against accidents and damages.
Offers on-site vehicle servicing and repairs at home.
Funding Insights of RAC
RAC has successfully raised a total of $20.37M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $71.95 million completed in November 2020. 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 RAC
RAC has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Aviva, The Carlyle Group and CVC.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on energy transition and sustainable investments across Europe.
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Locked | Locked | Locked | |
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Mezzanine financing and equity investments are provided by CVC.
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Sovereign wealth is managed and private equity investments are facilitated.
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Locked | Locked | Locked |
Investor details for RAC
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Investments & Acquisitions by RAC
RAC has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dekk1 and Nebula Systems.
Investment portfolio details for RAC
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- Transaction dates
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Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based automotive diagnostic and analytics services are provided.
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Locked | Locked | 2013 | Locked | |
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Automotive tires are sold through an online platform.
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Locked | Locked | 1998 | Locked |
Complete acquisition details for RAC
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- Acquired stakes
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Verified entity values are shown only after access is granted.
Financial Statements - RAC
Detailed financials for RAC
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Rac Comparisons
Peer comparison for RAC
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Competitors of RAC
RAC 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 Generali, Aviva, Lloyd’s, Munich Re and NN Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Diversified insurance and asset management services are offered globally.
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| Locked | Locked | Locked |
Insurance and asset management services are offered in multiple regions.
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| Locked | Locked | Locked |
Insurance carrier services are provided globally by Lloyd’s.
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| Locked | Locked | Locked |
Platform offering insurance risk management solutions
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| Locked | Locked | Locked |
Commercial bank
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Detailed competitors of RAC
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Latest news on Rac
Complete news archive for RAC
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Frequently Asked Questions about RAC
RAC was founded in 1897 and raised its 1st funding round 114 years after it was founded.
RAC is headquartered in Walsall, United Kingdom. It is registered at Walsall, West Midlands, United Kingdom.
Dave Hobday is the current CEO of RAC.
RAC is a funded company, having raised a total of $20.37M across 2 funding rounds to date.
RAC was founded in 1897 and is headquartered in Walsall, United Kingdom. The company operates in the automotive sector as an online platform where parts and accessories for vehicles are provided. Products such as batteries, mats, motorcycle components, maintenance items, cleaning tools, chargers, boosters, car security devices, and electric vehicle parts are available. Purchases are completed by users submitting payment and personal details.
RAC offers Breakdown Cover, Car Insurance, and Mobile Mechanics.
RAC has made 2 acquisitions, including Dekk1, and Nebula Systems.
RAC has 5 investors. Key investors include Aviva, The Carlyle Group, CVC, Omnes Capital, and GIC.