About Skurt
Skurt is a Travel & Hospitality company based in Los Angeles (United States) founded in 2014, and was acquired by Fair in February 2018. Cars are rented via app with agent delivery and pickup. It operates in the Travel & Hospitality and Transportation, Automotive & Logistics sectors. Skurt has raised $11.3 million across 2 funding rounds from investors including Fair, Upfront Ventures and MaC Venture Capital. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Car. Its competitors include Kyte, Zipcar and Avis; 2 of its 3 listed competitors have raised funding.
Company details
Skurt was founded in 2014 in Los Angeles, United States, within the car rental sector. Operations are conducted through a mobile app where vehicles are booked instantly for daily or weekly rentals. Deliveries and pickups are handled by agents, and partnerships are maintained with independent rental companies to utilize excess vehicle inventory. Services focus on urban mobility in the local area.
Funding Insights of Skurt
Skurt has successfully raised a total of $11.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in February 2017. 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 $11.3M
- Total Rounds 2
- Last Round Series A — $10M
- First Round $1.3M
(Oct 2015)
- Investors Count 9
All 2 funding rounds of Skurt with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2017 | $10M | Series A | – | Upfront Ventures | |
| Oct 2015 | $1.3M | Seed | – | – |
10 investors in total: 6 institutional and 4 angel.
Investors in Skurt
Skurt has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Fair, Upfront Ventures and MaC Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to early-stage companies. | upfront.com | Los Angeles, United States | ||
A seed-stage venture capital firm | macventurecapital.com | Los Angeles, United States | ||
Tech focused VC firm investing in early and growth stage companies in the US | expansionvc.com | New York, United States | ||
Multiple sectors are targeted for venture capital investments by Greycroft. | greycroft.com | New York, United States | ||
BMW i Ventures is focused on investing in automotive technology startups. | bmwiventures.com | Mountain View, United States | ||
AG Adam Goldstein | Angel investor, founder of Hippo Insurance, active in Indian startups | unknown_477352a41e5d4bf1a | ||
ED Errol Damelin | Serial entrepreneur, angel investor, founder of Wonga, active in fintech | unknown_ea3117ed80b245e79 | ||
MT Mark Troughton | Angel investor focusing on Indian startups, experienced in tech and operations. | unknown_82ab0af965204eb4b | ||
SM Scott Marlette | Angel investor, co-founder of GoodRx, focuses on healthcare and tech startups. | unknown_93333e55de3e45dd8 | ||
Cars are leased via an app with personalized payment ranges. | 2016 | fair.com | Santa Monica, United States |
Investor details for Skurt
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Timeline of Skurt
4 dated milestones of Skurt across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Skurt is founded.
- Funding First funding round of $1.3M.
- Funding Latest funding round, Series A, of $10.0M.
- Exit Acquired by Fair.
Competitors of Skurt
Skurt has 3 listed competitors in our database, 2 of them funded. They include Kyte, Zipcar and Avis.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kyte.com | 2006 | San Francisco, United States | $99M | 78 | App-based car rental platform | |
| zipcar.com | 2000 | Boston, United States | $60.7M | 401 | Hourly vehicle rentals are provided through membership-based car sharing. | |
| avis.com | 1946 | Parsippany, United States | Online platform offering car rental services |
Detailed competitors of Skurt
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Top companies in Online Travel
3 companies that operate in the same segment as Skurt (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Frequently Asked Questions about Skurt
Skurt was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Skurt is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Skurt is a funded company, having raised a total of $11.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Oct 2015.
Skurt was founded in 2014 in Los Angeles, United States, within the car rental sector. Operations are conducted through a mobile app where vehicles are booked instantly for daily or weekly rentals. Deliveries and pickups are handled by agents, and partnerships are maintained with independent rental companies to utilize excess vehicle inventory. Services focus on urban mobility in the local area.
Skurt has 10 investors. Key investors include Fair, Upfront Ventures, MaC Venture Capital, Expansion Venture Capital, and Greycroft.
Yes. Skurt was acquired by Fair in February 2018.