Fairmatic is an insurtech company that uses data, AI, and telematics to price commercial auto insurance for fleets. It focuses on safety-based underwriting and cost savings for fleet operators. Founded in 2019, it is headquartered in San Francisco.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
Previous Price
Series A 2022
How to Invest in Fairmatic Through UpMarket
Fairmatic shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Fairmatic offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Mar 2023
Series B
2022
Series A
Fairmatic Revenue and Growth
Annual revenue
Why Investors Are Watching Fairmatic
Growth Signal
Fairmatic raised $88M to scale AI commercial auto insurance
Fairmatic closed a $46 million round led by Battery Ventures, bringing total disclosed funding to $88 million within seven months. The company says it uses AI-driven underwriting and telematics to price fleet policies monthly and reward safer driving.
Competitive Moat
Underwriting model trained on 200B miles of driving data
Fairmatic says its underwriting model is trained on more than 200 billion miles of driving data, giving it a large dataset for risk scoring and safety analytics. It also uses smartphone-based telematics, which can improve feedback loops as more fleets and drivers generate usage data.
Market Opportunity
Fleet insurance targets construction, logistics and rideshare
Fairmatic serves fleet operators and insurance brokers across construction, logistics and ride-sharing use cases, where commercial auto premiums are often high and inflexible. Dealroom describes the company as operating in the insurance technology market with smartphone-powered driving safety analytics and performance-based pricing.
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No. As of March 2026, Fairmatic is a private company and does not trade on any public stock exchange. Accredited investors can access Fairmatic shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Fairmatic does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Fairmatic shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Fairmatic shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Fairmatic generated $51.1M in 2025 revenue by using data, AI, and telematics to price commercial auto insurance for fleets, and it raised $88M to scale its AI underwriting platform — accredited investors can access Fairmatic stock through UpMarket.