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Fairmarkit
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Fairmarkit

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https://www.fairmarkit.com/
Last activity: 07.10.2026
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Categories: AutomationDataGoodsITLearnPlatformServiceSoftwareSupplyTime
Fairmarkit believes that effective spend management prioritizes automation and leverages data, allowing procurement teams to reorient their time and focus towards enabling strategic initiatives. By collaborating within the procurement ecosystem to understand customer needs, Fairmarkit empowers companies to leverage machine learning and artificial intelligence to create market competition, which minimizes manual touchpoints and maximizes spend.
Likes
238
Followers
606
Followers
7.19K
Website visits
67.9K /mo.
Mentions
40

Overview

Location
Canada, Ontario, Boston
Employees
51-200
Phone
+1 800-558-8017
Total raised
$76.6M
Founded date
2017

Investors 10

Funding Rounds 3

DateSeriesAmountInvestors
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Dec 14, 2020Series B round$30M
Oct 23, 2019Series A round$11M

Mentions in press and media 40

DateTitleDescription
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Oct 7, 2026Stuut Raises $52.5M to Expand AI Order-to-Cash PlatformStuut Automates the Full Order-to-Cash Process Stuut, a New York-based AI finance platform, has raised $52.5 million in Series B funding. Insight Partners led the round with participation from Andreessen Horowitz, M12 and Activant. The fina...
Apr 18, 2026Traza Automates Industrial Procurement with Autonomous AI, Secures $2.1M Pre-Seed FundingTraza secured $2.1M pre-seed funding. The NYC startup targets industrial procurement. It deploys autonomous AI agents. These agents handle vendor management, RFQ generation, order tracking, and invoice processing. This new approach aims to ...
Apr 15, 2026Traza raises $2.1 million led by Base10 to automate procurement workflows with AIFor decades, procurement has been the back office that enterprise software forgot. Billions of dollars flow through vendor negotiations, purchase orders, and supplier communications every year at the largest manufacturers and construction c...
Mar 18, 2025Debian 12.10: A Lucky Update for Your Linux SystemDebian Linux 12.10 has rolled out just in time for St. Patrick’s Day, bringing a fresh wave of security fixes and system updates. In a world where digital threats lurk like shadows, this update is a beacon of hope. It’s not just about luck;...
Mar 17, 2025How GenAI is set to change procurement [Q&A]In recent years generative AI has made its way into many areas of business, helping to transform and streamline processes. However, its potential in the procurement space remains relatively unexplored. We talked to Kevin Frechette, CEO of F...
Jul 18, 2023SDI and Fairmarkit Launch Fairmarkit Managed, powered by SDI: Revolutionizing Tail Spend ManagementJoin CEOs Chris Moore and Kevin Frechette as they discuss the Power of Collaboration Fairmarkit Managed is the groundbreaking culmination of Fairmarkit and SDI's joint dedication to innovation and supply chain enhancement. BRISTOL, Pa. and ...
Jul 12, 2023Fairmarkit Sets New Standard in Security with Commitment to Never Share Customer Data to Train Third Party Models in Generative AI ProductsBoston, MA (PRWEB) July 12, 2023 Today, Fairmarkit, the autonomous sourcing platform transforming the procurement of products and services for enterprises, is proud to announce its commitment to maintaining the highest levels of security fo...
Jun 29, 2023Novozymes Global Sourcing Enables Growth and Sustainability, Tackling Market Dynamics and Driving Supplier Diversity with Fairmarkit’s Autonomous Sourcing SolutionFairmarkit Logo “We’re honored to have a customer of Novozymes’ stature and are thrilled to help enable growth of their company and scale procurement operations as they expand,” said Kevin Frechette, Co-founder and CEO of Fairmarkit. BOSTON...
May 16, 2023Fairmarkit Integrates with SAP S/4HANA to Automate Sourcing and Find Significant Tail Spend Savings for CustomersBOSTON (PRWEB) May 16, 2023 Fairmarkit, the autonomous sourcing solution transforming the procurement of goods and services for enterprises, today announces the integration of its solution with SAP's flagship enterprise resource planning sy...
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FAQ about Fairmarkit

When was Fairmarkit founded?

Fairmarkit was founded in 2017.

How much funding has Fairmarkit raised?

Fairmarkit has raised $76.6M in total across 3 funding rounds.

What funding rounds has Fairmarkit raised?

Parsers VC lists 3 funding rounds of Fairmarkit, among them a Series B round of $30M on Dec 14, 2020 and a Series A round of $11M on Oct 23, 2019.

Who has invested in Fairmarkit?

Parsers VC lists 10 investors of Fairmarkit, among them 1984 Ventures, GGV Capital and MassVentures.

What has the press written about Fairmarkit?

Parsers VC has collected 40 articles mentioning Fairmarkit, among them “Stuut Raises $52.5M to Expand AI Order-to-Cash Platform” (Oct 7, 2026) and “Traza Automates Industrial Procurement with Autonomous AI, Secures $2.1M Pre-Seed Funding” (Apr 18, 2026).

Is Fairmarkit still active?

Yes, Fairmarkit is active; its latest activity on Parsers VC dates from Oct 7, 2026.