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.
Location: Canada, Ontario, Boston
Employees: 51-200
Phone: +1 800-558-8017
Total raised: $76.6M
Founded date: 2017
Investors 8
| Date | Name | Website |
| - | Walnut Ven... | walnutvent... |
| 24.08.2022 | MassVentur... | mass-ventu... |
| 20.06.2023 | 1984 Ventu... | 1984.vc |
| - | Insight Pa... | insightpar... |
| - | New Stack ... | newstack.c... |
| 10.12.2022 | GGV Capita... | ggvc.com |
| - | New Stack ... | newstack.v... |
| - | Newfund Ma... | newfundcap... |
Funding Rounds 3
| Date | Series | Amount | Investors | Deal News |
| 02.09.2022 | Series C | $35.6M | - | finsmes.co... |
| 10.12.2020 | Series B | $30M | - | builtinbos... |
| 23.10.2019 | Series A | $11M | - | citybizlis... |
Mentions in press and media 32
| Date | Title | Description | Source |
| 18.07.2023 | SDI and Fairmarkit Launch Fairmarkit Managed, powered by SDI... | Join CEOs Chris Moore and Kevin Frechette as they discuss the Power of Collaboration Fairmarkit Mana... | prweb.com/... |
| 12.07.2023 | Fairmarkit Sets New Standard in Security with Commitment to ... | Boston, MA (PRWEB) July 12, 2023 Today, Fairmarkit, the autonomous sourcing platform transforming t... | prweb.com/... |
| 29.06.2023 | Novozymes Global Sourcing Enables Growth and Sustainability,... | Fairmarkit Logo “We’re honored to have a customer of Novozymes’ stature and are thrilled to help ena... | prweb.com/... |
| 16.05.2023 | Fairmarkit Integrates with SAP S/4HANA to Automate Sourcing ... | BOSTON (PRWEB) May 16, 2023 Fairmarkit, the autonomous sourcing solution transforming the procureme... | prweb.com/... |
| 02.09.2022 | Fairmarkit Secures $35.6 Million Series C Funding to Help Mo... | Named one of the Inc. 5000 fastest-growing companies, the SaaS platform expects to facilitate 200 th... | aithority.... |
| 02.09.2022 | Fairmarkit Raises $35.6M in Series C Funding | Fairmarkit, a Boston, MA-based automated sourcing platform for procurement of goods and services for... | finsmes.co... |
| 01.09.2022 | Fairmarkit Scores $35.6M Series C Round | BOSTON, MA, Fairmarkit has announced a $35.6 million Series C investment, bringing its total fundi... | vcnewsdail... |
| 01.09.2022 | Fairmarkit’s AI-fueled platform delivers autonomous procurem... | Companies tend to divide their procurement spending into two main buckets. The first is large purcha... | techcrunch... |
| 25.08.2021 | Insight Partners Announces its Revenue Academy to Drive Grow... | Insight Partners (IP) Revenue Academy, designed in partnership with Winning by Design, underscores t... | insightpar... |
| 24.02.2021 | Digital supply chain leader, SDI, announces strategic partne... | SDI The Digital Supply Chain Company Both industry disruptors share a commitment to innovation and c... | prweb.com/... |
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