Fair

About

Fair is a car leasing company that provides a vehicle leasing platform to grant access to mobility.

Santa Monica,California,United States
251 - 500
https://www.fair.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: $100M
Industries: Automotive,Finance,Industrial,Industrial Manufacturing,Leasing
Founded date: Jan 1, 2016
Number Of Employee: 251 - 500
Operating Status: Active
Legal Name: Fair Servicing, LLC
Also Known As: fair.com

Fair is a car leasing company that aims to grant access to mobility to everyone by pioneering the car-as-a-service (CaaS) concept. It gives customers the freedom to drive the car they want for as long as they want, and the flexibility to walk away at any time.

Fair was founded on 2016 and is headquartered in Santa Monica, California.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

13

$2.10B

Fair has raised a total of $2.10B in funding over 2 rounds. Their latest funding was raised on Sep 17, 2019 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Sep 17, 2019	Debt Financing	$500M	2	Mizuho Corporate Bank SoftBank	—	Detail
Aug 27, 2019	Debt Financing	$100M	1	Ally Financial	—	Detail
Jan 24, 2019	Debt Financing	$50M	1	Silicon Valley Bank	—	Detail
Dec 20, 2018	Series B	$385M	7	SoftBank Vision Fund	—	Detail
Oct 23, 2018	Convertable Note	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

3

1

Fair has made 3 investments. Their most recent investment was on Nov 16, 2022, when ArmorCode raised $14M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 16, 2022 ArmorCode	Series A	$14M	Cyber Security	—
Nov 15, 2022 Omneky	Seed	$7M	Advertising	Yes
Sep 13, 2021 Omneky	Seed	$3M	Advertising	—

Investors

Number of Lead Investors

Number of Investors

10

37

Fair is funded by 37 investors. Mizuho Corporate Bank and SoftBank are the most recent investors.

Investor Name	Lead Investor	Funding Round
Mizuho Corporate Bank	Yes	Debt Financing
SoftBank	Yes	Debt Financing
Ally Financial	Yes	Debt Financing
Silicon Valley Bank	Yes	Debt Financing
SoftBank Vision Fund	Yes	Series B
Next47	Yes	Series A
ACME Capital	Yes	Debt Financing
Javelin Venture Partners	Yes	Seed
CreditEase Fintech Investment Fund	—	Series B
Expanding Capital	—	Series B

Employee Profiles

Number of Employee Profiles

19

Fair has 19 current employee profiles, including Executive Edward Brojerdi

Executive

Board member

Executive

Executive

Employee

Acquisition

Fair has acquired 4 organizations. Their most recent acquisition was Beepi on Dec 7, 2016. They acquired Beepi for 0.

Date Company Name	Industry	Acquisition Type	Price
Dec 7, 2016 Beepi	Automotive	acquisition	—	Detail
Jan 30, 2018 Xchange Leasing	Automotive	acquisition	$ 400M	Detail
Feb 5, 2018 Skurt	Automotive	acquihire	$ 50M	Detail
Sep 12, 2019 Canvas	Automotive	acquisition	—	Detail