Funding round
Fair Holdings Series B
Fair Holdings, which works in automotive technology solutions and services in Santa Monica, raised $385M in a Series B round announced on 20 Dec 2018, led by SoftBank, at a $1.00B post-money valuation. 6 firms took part.
$385M
Amount raised
$1.00B
Post-money valuation
$615M pre-money
6
Investors
1 lead
39%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fair Holdings at $1.00B after the new money. The $385M bought investors about 39% of the company. It is Fair Holdings' first venture round on record, 2 years after it was founded in 2016. No later venture round is on record for Fair Holdings.
Fair Holdings' funding rounds
This is the only venture round on record for Fair Holdings.
- Series B this round 20 Dec 2018, led by SoftBank $385M$1.00B post-money
- Debt not a venture round 24 Jan 2019 $50M
- Debt not a venture round 27 Aug 2019 $100M
Investors
Who put money in
SoftBank led the round with 5 other firms.
Lead investor
- SoftBank new investor
Also in the round
- Exponential Ventures new investor
- Munich Re Venture's ERGO Fund new investor
- G Squared backs 40 venture-backed companies new investor
- CreditEase new investor
- MMI Holdings new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
494 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 19 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Zwift Tech Companies | 19 Dec 2018 | $120M | not disclosed | Highland Europe |
| Tech Companies | 12 Dec 2018 | $40M | not disclosed | Insight Partners |
| Tech Companies | 20 Dec 2018 | $40M | not disclosed | Lux Capital |
| Tech Companies | 12 Dec 2018 | $35M | not disclosed | Accel and Syngenta Ventures |
| Tech Companies | 12 Dec 2018 | $35M | not disclosed | Accel and Syngenta Ventures |
| Tech Companies | 12 Dec 2018 | $30M | not disclosed | Insight Partners |
| Tech Companies | 29 Dec 2018 | $29M | $145M | ADDOR CAPITAL |
| Tech Companies | 19 Dec 2018 | $28M | not disclosed | Digital + Partners and Bain Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Fair Holdings raise in its Series B round?
Fair Holdings raised $385M in its Series B round, announced in Dec 2018.
Who led Fair Holdings' Series B round?
SoftBank led it, with Exponential Ventures, Munich Re Venture's ERGO Fund, G Squared, CreditEase and MMI Holdings.
What was Fair Holdings' valuation at the Series B round?
$1.00B post-money ($615M pre-money).
How does it compare with other Series B rounds in Tech Companies?
494 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 19 times the median.