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Fairmarkit - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Fairmarkit including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Fairmarkit company logo

Autonomous sourcing for all spend

Fairmarkit is an autonomous sourcing platform that helps organizations source more competitively at scale, allowing procurement teams to manage more sourcing events efficiently.

HeadquartersBoston, United States
Team size101-250
Founded2017

What is Fairmarkit? - Company Overview & Details

Fairmarkit is Fairmarkit is an autonomous sourcing platform that helps organizations source more competitively at scale, allowing procurement teams to manage more sourcing events efficiently. Founded in 2017, the company is headquartered in Boston, United States.

Who Founded Fairmarkit?

Fairmarkit was founded by Kevin Frechette, Tarek Alaruri, Victor Kushch.

Who are the Key Executives at Fairmarkit? - Leadership Team

Fairmarkit is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Fairmarkit

Kevin FrechetteCEO

Chief Technology Officer (CTO) of Fairmarkit

Victor KushchCTO

About Kevin Frechette - CEO of Fairmarkit

Kevin Frechette serves as the Chief Executive Officer of Fairmarkit, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Fairmarkit Company Details & Key Information

Where is Fairmarkit located?

Fairmarkit is headquartered in Boston, United States.

How many employees does Fairmarkit have?

Fairmarkit has 101-250 employees.

When was Fairmarkit founded?

Fairmarkit was founded in 2017.

Fairmarkit Official Website

How much funding has Fairmarkit raised?

Fairmarkit has raised $78 million across 6 funding rounds. The most recent funding was completed on 2022-09-01.

Funding Overview

Fairmarkit has raised a total of $78 million through several funding rounds, with the latest being a Series C round.

$78 million
Total Funding Raised
6
Funding Rounds
2022-09-01
Latest Round

Fairmarkit Funding History

Series C
2022-09-01
$35.6 million
Series B
2020-08-27
$30 million$36 million valuation
Series A
2019-10-23
$11 million

Who are the key investors in Fairmarkit?

Fairmarkit is backed by 4 key investors including OMERS Growth Equity, GGV Capital, Insight Partners. These investors focus on Growth equity, Technology investments, Venture capital sectors.

Fairmarkit Investor Overview

4
Key Investors
7
Focus Areas
4
Notable Investments

Complete List of Fairmarkit Investors

OMERS Growth Equity

Investment Focus
Growth equity
Technology investments
Notable Portfolio Companies
Fairmarkit

GGV Capital

Investment Focus
Venture capital
Growth investments
Notable Portfolio Companies
Fairmarkit

Insight Partners

Investment Focus
Growth capital
Technology investments
Notable Portfolio Companies
Fairmarkit

ServiceNow

Investment Focus
Cloud computing
Enterprise solutions
Notable Portfolio Companies
Fairmarkit

What sectors do Fairmarkit investors focus on?

The investors backing Fairmarkit primarily focus on Growth equity, Technology investments, Venture capital, Growth investments, Growth capital, Cloud computing, Enterprise solutions sectors.

Growth equity
Technology investments
Venture capital
Growth investments
Growth capital
Cloud computing
Enterprise solutions

Featured Investor: OMERS Growth Equity

OMERS Growth Equity

Notable Investments: Fairmarkit

What are Fairmarkit's future plans?

Fairmarkit Fairmarkit aims to innovate and expand its offering in the procurement technology sector.

Fairmarkit Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Fairmarkit face?

Fairmarkit has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Fairmarkit

1

Increased competition in procurement software

2

Maintaining growth in uncertain economic conditions

What opportunities does Fairmarkit have?

Fairmarkit has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Fairmarkit

1

Expansion of technology partnerships

2

Growth in AI-driven procurement solutions

Fairmarkit Strategic Position Summary

Key Focus Areas

Fairmarkit is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Fairmarkit?

Fairmarkit has 2 recent news updates covering key business developments and market activities.

Fairmarkit News Overview

2
Recent Articles
Active
Media Coverage
2025-03-07
Latest Update

What is Fairmarkit in the news for?

Fairmarkit is currently featured in news for Fairmarkit, Inc. recognized as 2025 list of America's Best Startup Employers. and other significant business developments.

Recent News Articles About Fairmarkit

Article 1
2025-03-07

Fairmarkit, Inc. recognized as 2025 list of America's Best Startup Employers.

Fairmarkit named to Forbes' 2025 list of America's Best Startup Employers for its inclusive and innovation-driven workplace.

hrtechwire.com
Read News
Article 2
2025-01-07

Fairmarkit, Inc. partnered with Sonoco Products Co. on Jan 7th '25.

Fairmarkit expands its partnership with Sonoco to streamline procurement operations across Latin America.

hrtechwire.com
Read News

Fairmarkit FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Fairmarkit including information about founders, CEO, funding history, investors, headquarters location, and company details. 19 frequently asked questions covering key information about the company.

Fairmarkit Questions & Answers - Company Information

Q1

What is Fairmarkit?

Fairmarkit is an autonomous sourcing platform that helps organizations source more competitively at scale, allowing procurement teams to manage more sourcing events efficiently.

Q2

Who founded Fairmarkit?

Fairmarkit was founded by Kevin Frechette, Tarek Alaruri, Victor Kushch.

Q3

Who is the CEO of Fairmarkit?

The CEO of Fairmarkit is Kevin Frechette. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Fairmarkit raised?

Fairmarkit has raised a total of $$78 million across 6 funding rounds. The most recent funding was completed on 2022-09-01.

Q5

Who are the investors in Fairmarkit?

Fairmarkit's key investors include OMERS Growth Equity, GGV Capital, Insight Partners, ServiceNow.

Q6

Where is Fairmarkit headquartered?

Fairmarkit is headquartered in Boston, United States.

Q7

When was Fairmarkit founded?

Fairmarkit was founded in 2017.

Q8

How many employees does Fairmarkit have?

Fairmarkit has 101-250 employees.

Q9

What is Fairmarkit's official website?

You can visit Fairmarkit's official website at http://www.fairmarkit.com.

Q10

What was Fairmarkit's latest funding round?

Fairmarkit's latest funding round was a Series C round of $$35.6 million completed on 2022-09-01.

Q11

Who is founder?

Kevin Frechette

Q12

Who is cto?

Victor Kushch

Q13

What does the company do?

Fairmarkit is an autonomous sourcing platform that helps organizations source more competitively at scale.

Q14

How much funding?

$78 million

Q15

Latest funding date?

2022-09-01

Q16

Who are the investors?

OMERS Growth Equity GGV Capital Insight Partners ServiceNow

Q17

What are the challenges?

Increased competition in procurement software Maintaining growth in uncertain economic conditions

Q18

What are the opportunities?

Expansion of technology partnerships Growth in AI-driven procurement solutions

Q19

Latest news?

Fairmarkit named to Forbes' 2025 list of America's Best Startup Employers for its inclusive and innovation-driven workplace. Fairmarkit expands its partnership with Sonoco to streamline procurement operations across Latin America.

More Information About Fairmarkit

For additional details about Fairmarkit, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.