Fair collects $385m in SoftBank-led round

Dec 21, 2018 • Jack Hammond

The car leasing service raised money in a SoftBank-led series B round that included fellow corporates MMI Holdings, CreditEase and Munich Re.

Telecommunications and internet conglomerate SoftBank led a $385m series B round for US-based automotive leasing service Fair yesterday at a valuation reported by TechCrunch to be “definitely over $1bn”.

The round included Exponential Ventures, the innovation arm of insurance firm MMI Holdings, as well as online lending platform CreditEase, reinsurance firm Munich Re’s Ergo Fund and growth equity firm G Squared.

Founded in 2016, Fair has built a mobile app that enables users to select a car from the platform…

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