Fairmarkit
Valuation
$212.8M
2024 Revenue
$35.1M
Customers
2.5K
Funding
$41.9M
Avg ACV
$14K
Team
124
Founded
2017
How Fairmarkit CEO Kevin Frechette grew to $35.1M revenue and 2.5K customers in 2024.
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
Fairmarkit Revenue
In 2024, Fairmarkit's revenue reached $35.1M. Since its launch in 2017, Fairmarkit has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Fairmarkit Hit $35.1m revenue in June 2024 | |
| 2017 | Launched with $0 revenue |
Fairmarkit Valuation, Funding Rounds
Fairmarkit's most recent disclosed valuation is $212.8M.
Fairmarkit has raised $41.9M in total funding across 3 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Funding round | $30M | - | - | |
| 2020 | Funding round | $11M | - | - | |
| 2018 | Funding round | $889K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Fairmarkit serves 2.5K customers.
Fairmarkit Employees & Team Size
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.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about Fairmarkit
What is Fairmarkit's revenue?
Fairmarkit generates $35.1M in revenue.
Who founded Fairmarkit?
Fairmarkit was founded by Kevin Frechette.
Who is the CEO of Fairmarkit?
The CEO of Fairmarkit is Kevin Frechette.
How much funding does Fairmarkit have?
Fairmarkit raised $41.9M across 3 rounds.
How many employees does Fairmarkit have?
Fairmarkit has 124 employees.
Where is Fairmarkit headquarters?
Fairmarkit is headquartered in Boston, Massachusetts, United States.
Compare Fairmarkit to the industry
Fairmarkit operates across multiple industries. Browse revenue, funding, and growth data for Fairmarkit in each sector below.
Data and Sources
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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