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About Fair
Industries
Automotive & Transportation
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$438.7M
Headquarters
Santa Monica, California
Founded
2016
Overview
Fair.com is a digital platform that simplifies the process of buying pre-owned vehicles by offering flexible subscription options. Customers can select from a variety of affordable cars and choose terms that fit their personal needs, making car ownership more accessible. The platform operates on a subscription-based model, where users pay fees for the vehicle and can customize their agreements. Unlike traditional car dealerships, Fair.com focuses on transparency and customer satisfaction, aiming to create a straightforward and enjoyable car shopping experience. The company's goal is to improve personal mobility while ensuring fairness in all transactions.
Simplify's Take
What believers are saying
- Fair raised $1.44M in pre-seed funding to enhance technology and market presence.
- Shift Technologies' software acquisition could boost Fair's competitive edge.
- Growing interest in subscription car models aligns with Fair's business strategy.
What critics are saying
- Drover's $26M funding poses potential competition in the subscription car market.
- Shift Technologies' asset sale could lead to brand confusion for Fair.
- Car manufacturers' direct subscription options may reduce demand for Fair's platform.
What makes Fair unique
- Fair offers a subscription-based model for flexible car ownership.
- The platform emphasizes transparency and customer satisfaction in car transactions.
- Fair's digital platform provides a seamless and user-friendly car shopping experience.
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Funding
Total Funding
$438.7M
Above
Industry Average
Funded Over
4 Rounds
SoftBankCompany News
Fair™ has successfully closed an oversubscribed pre-seed funding round, raising $1.44 million. The round was led by Blue Collective, Antler, and Redbud. Fair's platform has over $8 million potential Annual Recurring Revenue (ARR) in its current pipeline. CEO William Betteridge expressed excitement about the support from investors, which will help further develop Fair's technology and expand its market presence.
The Fair, in partnership with San Luis Obispo shops Captain Nemo and Dr. Cain's Comics, will give visitors a "comic-con" experience locally.
Moreover, the Fair has launched a new programme titled Book of the World, which highlights precious works that have influenced world culture.
Expected Bid Deadline: January 23, 2024. Expected Auction: January 25, 2024. NEW YORK, Jan. 9, 2024 /PRNewswire/ -- Hilco Streambank announced it is seeking offers to acquire the software and related intangible assets of Shift Technologies, Inc., and its subsidiaries, a consumer-centric omnichannel retailer for buying and selling used cars. The assets available for sale include the proprietary software underlying the company's technology stack, as well as legacy source code enabling prior acquisition target's technologies, over 100 domain names including Shift.com, Fair.com, and CarLotz.com, U.S. trademarks for "Shift" and "CarLotz", and U.S.-issued patent US10664808
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About Fair
Industries
Automotive & Transportation
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$438.7M
Headquarters
Santa Monica, California
Founded
2016
There are no jobs for Fair right now.
Find jobs on Simplify and start your career today