News

Fair.com closes another round of funding, acquires rental car delivery service Skurt

Just a week after we reported that Fair.com was acquiring the leasing portfolio of Xchange Leasing from Uber, the flexible car-ownership startup is making two more moves. Today, the company confirmed that it has raised another round of funding led by next47, the VC firm backed by Siemens; and it has made another acquisition, of Los Angeles-based Skurt, a service that lets you rent a car, and then delivers that vehicle to you. As part of the deal, Skurt’s existing service will be shut down and its technology and team will be integrated into Fair. (More on that below.) Terms of both of the deals have not been disclosed. Sources close to the company say that Fair has now raised over $100 million in equity funding, which would put this latest round at around $50 million.

Read the Full Story