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Fairmarkit

Fairmarkit is a SaaS-based platform that provides tail spend management, procurement and supply-chain solutions for enterprises. Read more

Kevin Frechette's photo - Co-Founder & CEO of Fairmarkit

Co-Founder & CEO

Kevin Frechette

CEO Approval Rating

90/100

Founded:

2017

Status:

PrivateIndependent Company

FAIRMARKIT TOP COMPETITORS OR ALTERNATIVES

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Source One is the top competitor of Fairmarkit. Source One is a Private company that was founded in Willow Grove, Pennsylvania in 1992. Source One operates in the Management Consulting Services industry. Source One has 450 fewer employees vs. Fairmarkit.

Ivalua is seen as one of Fairmarkit's biggest rivals. Ivalua was founded in Redwood City, California} in 2000. Like Fairmarkit, Ivalua also operates in the Internet Software sector. Compared to Fairmarkit, Ivalua generates $95M more revenue.

Claritum is perceived as one of Fairmarkit's biggest rivals. Claritum was founded in 2001, and is headquartered in Bath, England. Like Fairmarkit, Claritum also competes in the Internet Software space.

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Fairmarkit Acquisitions

No recent acquisitions found related to Fairmarkit

Fairmarkit Funding History

Since Fairmarkit was founded in 2017, it has participated in 3 rounds of funding. In total Fairmarkit has raised $41.9M. Fairmarkit's last funding round was on Dec 2020 for a total of $30.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series B
Dec 2020
$30M

GGV Capital

Series A
Sep 2019
$11M
Equity
May 2018
$889K

Since Fairmarkit was founded in 2017, it has participated in 3 rounds of funding. In total Fairmarkit has raised $41.9M. Fairmarkit's last funding round was on Dec 2020 for a total of $30.0M

Fairmarkit Investments

No recent investments found related to Fairmarkit

Fairmarkit News

March 6, 2019Spend Matters

Vendor Introduction, Analysis and SWOT (Part 1) - Background and Solution Overview

Categories: Analytics, BPO, eProcurement / Procurement, P2P, Savings Tracking, Spend Management, Tail... See more »
November 1, 20184-traders

Announces New Board Of Directors & Univision Communications Customer Webinar Nov. 14th

(marketscreener.com) BOSTON, Nov. 1, 2018 /PRNewswire/ -- Fairmarkit is proud to announce their newly... See more »
July 5, 2018The Business Journals

This 'tail spend' startup saves the MBTA $100K per month

Each year, the MBTA makes about 15,000 purchases of orders worth less than $50,000 each. Policy rules... See more »
May 25, 2018FinSMEs

FairMarkIT Raises First Round of Institutional Funding

FairMarkIT, a Boston, MA-based tail spend management startup, raised its first round of institutional... See more »

Fairmarkit Blogs

October 2, 2018FairMarkIT Blog

Tail Spend: Addressing the Headcount - Compliance Tradeoff

Tail spend is spend at an organization that is not strategically managed and typically under $100K pe... See more »
September 28, 2018FairMarkIT Blog

Finding Value in Manufacturing Procurement

Most companies look to their procurement departments to help keep the cost down while maintaining opt... See more »
September 20, 2018FairMarkIT Blog

The Challenges of Education Procurement

There has been a lot of talk about education reform in recent years, but all discussions invariably f... See more »
September 12, 2018FairMarkIT Blog

The Importance of Healthcare Procurement

It often seems that no matter where you are the conversation can turn to healthcare reform. While thi... See more »
August 30, 2018FairMarkIT Blog

The Procurement Marketing Relationship Is Essential for Business

The Procurement Marketing Relationship Is Essential for Business The 2008 financial crisis, Brexit, a... See more »
August 21, 2018FairMarkIT Blog

Strategically Managing 80% of Procurement Spending Isn't Good Enough

Addressing Tail Spend - the 'last mile' of procurement spending - can yield big benefits. Businesses ... See more »
August 16, 2018FairMarkIT Blog

Generate Value through the CPO-CIO Connection

At first, digital transformation may sound like yet another buzzword making the rounds. However, it i... See more »

Fairmarkit Press Releases

Social Media

Fairmarkit Headquarters

109 Mountain Avenue, PO Box 393

Malden, Massachusetts02148

800-558-8017

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Fairmarkit Summary

ABOUT

Overview

Fairmarkit is a SaaS-based platform that provides tail spend management, procurement and supply-chain solutions for enterprises. Fairmarkit was founded in 2017. Fairmarkit's headquarters is located in Malden, Massachusetts, USA 02148. It has raised 41...

CEO

Fairmarkit's Co-Founder & CEO, Kevin Frechette, currently has an approval rating of 90%. Fairmarkit's primary competitors are Source One, Ivalua & Claritum.

Frequently Asked Questions about Fairmarkit

  1. When was Fairmarkit founded?

    Fairmarkit was founded in 2017
  2. Who is Fairmarkit's CEO?

    Fairmarkit's CEO is Kevin Frechette
  3. How much revenue does Fairmarkit generate?

    Fairmarkit generates $5M in revenue
  4. How much funding does Fairmarkit have?

    Fairmarkit has historically raised $41.9M in funding
  1. Where is Fairmarkit's headquarters?

    Fairmarkit's headquarters is in Malden Massachusetts, USA
  2. How many employees does Fairmarkit have?

    Fairmarkit has 500 employees
  3. What sector does Fairmarkit operate in?

    Fairmarkit is in Internet Software, Enterprise Software, E-commerce
  4. Who are Fairmarkit's competitors?

    Fairmarkit's top competitors are Source One, Ivalua, Claritum