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FAIR
Fair
Smartphone-based car leasing / vehicle subscription platform · Santa Monica, California · United States · Founded · 2016 · ≈ · 323 · employees

Fair Funding — Last Valued at $1.2B

Private

Fair has raised not fully disclosed across 1 funding round. The latest round valued Fair at $1.2B, with Ford Motor Company on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Fair funding · at a glance
Total raised, all rounds
no round sizes disclosed
Funding rounds
1
priced rounds
Latest round
$1.2B
Sep 2019
Lead on that event
Ford Motor Company
Fair acquired Canvas from Ford Motor Credit, giving Ford an equity stake in Fair; price undisclosed.
2019
About Fair

SoftBank backs Fair. The smartphone-based leasing platform carried a $1.2 billion valuation when it acquired Ford's Canvas vehicle-subscription business in 2019 to expand its on-demand offering.

Funding timeline

The Fair funding timeline

1 funding round, the latest highlighted.

2016
Fair founded

Fair was founded in 2016, United States.

SEP 2019LATEST

Fair acquired Canvas from Ford Motor Credit, giving Ford an equity stake in Fair; price undisclosed.. Led by Ford Motor Company.

Valuation basisAmountPrice / shareLeadFord Motor Company
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Fair funding rounds in full

1 dated round, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Canvas acquisition (equity-for-stake deal) LATEST
Sep 2019
$1.2B
—
—
Ford Motor Company
Fair acquired Canvas from Ford Motor Credit, giving Ford an equity stake in Fair; price undisclosed.
Fair · investors

Investors

FFord Motor CompanyLEADSSoftBank

Frequently asked questions

What is Fair's valuation?›

The last valuation is $1.2B.

Who has invested in Fair?›

Lead investors for each round are in the funding timeline.

Who are Fair's competitors?›

The closest smartphone-based car leasing / vehicle subscription platform peers are on the competitors page.

How can I get exposure to Fair?›

The routes section explains what is realistically available for a company at this stage.

Is Fair publicly traded?›

No. Fair is a private company; its shares do not trade on a public exchange.

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