Fairmarkitrevenue & funding
AI & Machine Learning Operationalization (MLOps) SoftwareBoston, MassachusettsFounded 2017CEO Kevin Frechette
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.
- Customers
- 2.5K
Fairmarkit revenue
Fairmarkit's annual revenue was $35.1M in June 2024 (source not recorded), the most recent figure on record.
| As of | Revenue | Source |
|---|---|---|
| Jun 2024 | $35.1M | – |
– source not recorded
Fairmarkit funding rounds & investors
Fairmarkit has raised $41.9M across three rounds since 2018. The latest was a $30M funding round in December 2020.
| Date | Round | Raised |
|---|---|---|
| Dec 2020 | Funding round | $30M |
| Oct 2020 | Funding round | $11M |
| May 2018 | Funding round | $889K |
| Total raised | $41.9M |
Fairmarkit competitors
Fairmarkit competes most directly with G2, Coupa and Business Online Services.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 G2 | $162.9M | $257.6M | 1,092 | 3K | 2012 |
| Fairmarkit | $35.1M | $41.9M | 124 | 2.5K | 2017 |
 Coupa | $1.3M | $302.2M | 3,447 | 530 | 2006 |
 Business Online Services | – | $35M | 132.5K | 6.9K | 1972 |
Fairmarkit CEO, founders & employees
Kevin Frechette founded Fairmarkit in 2017 and runs it as CEO. Fairmarkit had 124 employees (December 2024, LinkedIn), down from 146 a year earlier.
- Kevin FrechetteFounder & CEO
All 8 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 124 | |
| Sep 2024 | 125 | |
| Sep 2023 | 146 | – |
| Jul 2023 | 156 | – |
| 2023 | 149 | – |
| 2022 | 136 | – |
| Aug 2021 | 139 | – |
| Dec 2020 | 788 | – |
Fairmarkit FAQ
What is Fairmarkit's revenue?
Fairmarkit's annual revenue was $35.1M in June 2024 (source not recorded). No later figure is on record.
How much funding has Fairmarkit raised?
Fairmarkit has raised $41.9M across three funding rounds. The latest was a $30M funding round in December 2020.
How many employees does Fairmarkit have?
Fairmarkit had 124 employees in December 2024, according to LinkedIn.
Who is the CEO of Fairmarkit?
Kevin Frechette is the CEO of Fairmarkit and founded the company in 2017.
Who founded Fairmarkit?
Kevin Frechette founded Fairmarkit in 2017.
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How this page is sourced
2 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Aug 10, 2026Data disclaimerReport a correctionClaim this profileRun Fairmarkit? Join the podcast