Corporate Venture Capital

“Whenever we do anything – whether it’s technology or a new business model – we have to measure the customer service impact.”

Chrissy Taylor, Chief Operating Officer – Enterprise Holdings, September 2018

Enterprise Holdings’ acquisition and corporate venture-capital strategy continues to focus on technologies and business models that not only can accelerate industry-leading transportation solutions, but also customer satisfaction in a rapidly changing marketplace.

In 2007, Enterprise purchased the National and Alamo brands – its largest acquisition to date – and significantly increased its airport presence and global travel industry leadership.

Since 2008, Enterprise has spent almost $2.4 billion making acquisitions and corporate-venture capital investments or commitments in the U.S., Canada, the U.K., France, Ireland, Spain, Brazil and China. Acquisitions include car rental companies, carshare operations, technology platforms and franchises. For example, in 2019, Enterprise Holdings acquired San Francisco-based Deem – an innovative managed-travel technology platform that includes Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel-management companies and suppliers.

Strategic Investments

"We value the expertise a strategic investor brings to our business and have had a fantastic experience working with Enterprise Holdings’ venture fund (Clayton Venture Partners) over the last two years (since our Series A round). We [are] excited for Enterprise Holdings to make an additional investment as both share our long-term strategic vision."

Don Sharp, Chief Executive Officer – Coolfire Solutions, October 2018

When Enterprise Holdings recognized the changing face of transportation as well as the digitization of the economy and our industry, we initiated a corporate venture-capital strategy. Since 2013, our wholly owned entity, Clayton Venture Partners, has been targeting investments in emerging transportation technology and mobility companies.

We believe that each of these emerging companies has the opportunity to benefit from the unique scale and resources of Enterprise Holdings – especially as the world’s largest car rental provider, with 2 million vehicles and 10,000 locations operating worldwide. Recent investments include:

Mobileye, a developer of vision-based advanced driver-assistance systems (invested 2013; IPO 2014; sold to Intel 2017)
Deem, managed travel technology platform (invested Series C in 2016 and 2018, and then acquired in 2019)
Quanergy, a leading autonomous vehicle sensor company (invested Series B in 2016)
Coolfire Solutions, an IoT (Internet of Things) and situational-awareness technology platform (invested Series A in 2016; Series B in 2018)
Mobi, human-centric real-time routing, assessment, and planning (invested Series Seed in 2018)
Migo, ground transportation metasearch (invested Series A in 2018)
Deliv, a leader in same day delivery that powers many of the nation’s top retailers (invested Series C in 2018)

For deal related inquiries, please contact CVG@ehi.com.

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