Monday, February 5, 2018

Fair Acquires Skurt

Los Angeles-based car leasing startup Fair, led by technology veteran Scott Painter, has acquired Los Angeles-based on-demand car rental service Skurt, according to reports this morning. Financial details of the acquisition were not announced. Skurt was venture backed by Upfront Ventures, BMW, Cross Culture Ventures, Expansion VC, Greycroft Partners, and Magic Johnson. The acquisition reportedly comes along with another round of funding for Fair, from such investors as next47, BMW, Upfront Ventures, and G Squared.