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Fairmarkit is a sourcing platform that uses artificial intelligence to optimize and automate the purchasing process for businesses. It helps companies save time and money by streamlining vendor selection, negotiation, and contract management.
Last updated
In 2024, Fairmarkit's revenue reached $35.1M. Since its launch in 2017, Fairmarkit has shown consistent revenue growth.
Fairmarkit reached a $212.8M valuation in 2025, set during its M&A Offer round.
Fairmarkit has raised $41.9M in total funding across 3 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $212.8M | - | |
| 2020 | Funding round | $30M | - | - | |
| 2020 | Funding round | $11M | - | - |
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Fairmarkit serves 2.5K customers.
Fairmarkit employs approximately 124 people as of 2026, down from 146 in 2023, including 24 sales reps that carry a quota. It serves 2.5K customers that rely on its solutions.
Fairmarkit generates $35.1M in revenue.
Fairmarkit was founded by Kevin Frechette.
The CEO of Fairmarkit is Kevin Frechette.
Fairmarkit raised $41.9M across 3 rounds.
Fairmarkit has 124 employees.
Fairmarkit is headquartered in Boston, Massachusetts, United States.
Fairmarkit operates across multiple industries. Browse revenue, funding, and growth data for Fairmarkit in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$212.8M
2024 Revenue
$35.1M
Customers
2.5K
Funding
$41.9M
Avg ACV
$14K
Team
124
Founded
2017
| Year | Milestone | Source |
|---|---|---|
| 2024 | Fairmarkit Hit $35.1m revenue in June 2024 | |
| 2017 | Launched with $0 revenue |
| 2018 | Funding round | $889K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 124 employees (December 2024) | |
| 2024 | Reached 125 employees (September 2024) | |
| 2023 | Reached 146 employees (September 2023) | |
| 2023 | Reached 146 employees (September 2023) | |
| 2023 | Reached 146 employees (September 2023) | |
| 2023 | Reached 156 employees (July 2023) | |
| 2023 | Reached 149 employees (January 2023) | |
| 2022 | Reached 136 employees (January 2022) | |
| 2021 | Reached 139 employees (August 2021) | |
| 2020 | Reached 788 employees (December 2020) |
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