Fairmatic
Fairmatic provides data-driven commercial fleet insurance, using AI and telematics data to offer savings for safe driving practices.
Secondary Market Price
How Fairmatic Measures Up
To help you manage your Fairmatic equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series B
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Fairmatic Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Fairmatic's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Fairmatic is an insurance company that provides data-driven fleet insurance for commercial vehicles. The company utilizes an underwriting model trained on over 200 billion miles of driving data, leveraging artificial intelligence and telematics to offer insurance solutions. Its services are used by businesses in sectors such as last-mile delivery, artisan contracting, cannabis delivery, and non-emergency medical transport. Founded in 2019, Fairmatic is headquartered in New York, with an additional office in Tel Aviv, Israel. The company has raised capital through multiple funding rounds, including a Series B round in April 2023 that raised $46 million.
In a recent strategic move, Fairmatic has rebranded to LEEO, which now operates as a commercial auto insurance Managing General Agent (MGA). The company stated the change reflects a renewed focus on precision and transparency in its underwriting and quoting processes. Alongside the rebrand, the company announced several new hires for key roles, including vice presidents of actuary, product, and underwriting. LEEO continues to participate in industry events, such as the TMPAA Summit and ITC Vegas, to share insights on the use of AI and telematics in insurance.
- Foundation Capital
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- Battery Ventures
- Bridge Bank
- Jerry Yang
- Oren Zeev
- Assaf Wand
- Bill Tai
- Founder, Co-Founder Jonathan Matus
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Fairmatic worth joining?
Deciding whether to join a startup like Fairmatic requires a careful evaluation of their compensation package, especially the equity component. Platforms like Prospect can help you model the potential value of your equity and compare it to other opportunities to make an informed decision.
What should I do with my Fairmatic stock?
Managing your Fairmatic stock involves creating a personalized strategy for exercising options, selling shares, and minimizing taxes based on your financial goals. Using a service like Prospect can provide you with customized plans and predictive models to help you maximize your equity's value.
Can you sell Fairmatic stock?
As Fairmatic is a private company, selling stock is typically restricted to specific liquidity events like tender offers or secondary market sales. Tools like Prospect can help you navigate these opportunities by providing data on secondary market prices and strategies for selling shares in a tax-optimal way.
How can I find the value of my Fairmatic stock?
Determining the value of private stock like Fairmatic's can be complex, as it isn't publicly traded and relies on internal 409A valuations and market data. Platforms such as Prospect use machine learning models trained on VC data to project your equity's future value and help you understand its worth.
What is Fairmatic's equity worth?
The precise worth of Fairmatic's equity fluctuates based on company performance, funding rounds, and market conditions, making a single number difficult to pinpoint. To get a data-driven estimate, you can use tools from Prospect, which project a likely range of outcomes for your startup equity based on sophisticated modeling.
What is Fairmatic's stock ticker symbol?
Fairmatic is a private company and does not have a stock ticker symbol, as those are only assigned to companies trading on a public stock exchange. In the absence of public market data, platforms like Prospect can help you understand your equity's value and prepare for a future liquidity event.
Can I buy or sell Fairmatic stock?
As an employee, you can typically "buy" stock by exercising your vested options, but selling is restricted until a liquidity event like a tender offer or an IPO. Services like Prospect offer customized strategies for both exercising options and selling shares to help you optimize the timing and tax implications.
What is the criteria to buy or invest in Fairmatic stock?
The decision to buy or invest in your Fairmatic stock by exercising options depends on your personal financial situation, risk tolerance, and the cost to exercise versus the potential value. Platforms like Prospect can help you analyze these criteria by modeling different scenarios and providing data-driven projections on your equity's potential.
