Where Global Innovation
and Capital Meet

Sectors Consumer University Energy Financial Healthcare Industrial IT Media Services Telecoms Transport The Art of CVC Startups

Fair fetches new funding and lifts Skurt

Feb 6, 2018 • Robert Lavine

Car leasing startup Fair has reportedly raised about $50m in a round featuring Siemens and BMW that enabled it to acquire BMW-backed Skurt.

Next47, the corporate venturing unit formed by industrial product and appliance manufacturer Siemens, led a funding round for US-based automotive leasing service Fair yesterday sized at about $50m according to TechCrunch.

Carmaker BMW also took part in the round, along with CreditEase FinTech Investment Fund, a strategic investment fund formed by online lending platform CreditEase, as well as Millennium Technology Value Partners, 137 Ventures, G Squared and Upfront Ventures.

Fair itself announced it had raised funding, and disclosed the investors…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.

Find out more

FUNDING ROUND DATA

Which corporates are backing which startups? Search our corporate deal database.

SURVEY

Benchmark your unit against industry norms. Participants will receive a free copy of the survey results

CVC DIRECTORY

Which corporates have venture capital units and what do they focus on?

Events

Webinar: Strategic LP/GP relationships - Creating the win-win

Oct 9, 2024
Online

Find out more All events

Events

GCV Institute: Landing the Value of Corporate Venturing

Oct 17 -
Oct 21, 2024
Online

Find out more All events

Events

GCV Institute: CVC Investment Programs

Oct 22 -
Oct 23, 2024
Palo Alto, CA (USA)

Find out more All events

Events

GCV Executive Leadership Forum 2024

Oct 24, 2024
Menlo Park, CA (USA)

Find out more All events

Events

Corporate Venture in Brasil 2024 – International Delegation to Brazil

Oct 28 -
Oct 30, 2024
São Paulo (Brazil)

Find out more All events

Events

GCV Connect: Germany 2024

Oct 29, 2024
Frankfurt (Germany)

Find out more All events

Events

GCV Institute: CVC Investment Programs

Oct 30 -
Oct 31, 2024
Frankfurt (Germany)

Find out more All events

Events

GCV Asia Congress & International Delegation 2024

Nov 11 -
Nov 14, 2024
Tokyo (Japan)

Find out more All events

Events

GCV Connect: Korea 2024

Dec 10 -
Dec 12, 2024
Seoul (South Korea)

Find out more All events

Events

GCVI Summit 2025

Mar 18 -
Mar 20, 2025
Monterey, CA (USA)

Find out more All events

About us

GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.