Who founded Fairmarkit?

Fairmarkit was founded by Tarek Alaruri, Kevin Frechette in 2017.

Who are Fairmarkit's investors?

Fairmarkit's investors include Insight Partners, Intrepid Growth Partners, MassVentures, New Stack Ventures, Newfund Capital, Notable Capital, Valuestream Ventures, Walnut Venture Associates and 1 more.

How much funding has Fairmarkit raised?

Fairmarkit has disclosed $41.8M raised across 3 rounds.

Where is Fairmarkit headquartered?

Fairmarkit is headquartered in Boston, US.

Fairmarkit

Boston, US · Founded 2017 · 147 employees on LinkedIn · 9 known investors

Fairmarkit provides an AI-driven autonomous sourcing platform that helps procurement teams competitively source spend across categories at scale. It uses AI agents to handle sourcing volume while category managers focus on strategy, targeting enterprise procurement functions.

AI & Machine Learning Enterprise Software SaaS

Founders & leadership

Fairmarkit was founded in 2017 by Tarek Alaruri and Kevin Frechette.

Tarek AlaruriCofounder30 Under 30 2020

Kevin FrechetteinCo-Founder & CEO

Investors · 9

Insight PartnersNew York · $120M – $350M

Intrepid Growth PartnersToronto

MassVenturesWaltham · $250K – $500K

New Stack VenturesChicago · $500K – $1.5M

Newfund CapitalParis · $250K – $2M

Notable CapitalSilicon Valley · $5M – $50M

Valuestream VenturesMiami · $250K – $10M

Walnut Venture AssociatesWellesley

New NormalreportedSeattle · $250K – $1Mvia Allison Pickens · inferred

Reported raises · per SEC filings

Form D private placements

$41.8M disclosed across 3 rounds · 2018–2020

▶$30MraisedDec 2020 · 6 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Kevin FrechetteExecutive Officer, Director
Stephen GregorioDirector
Lou ShipleyDirector
Thomas KraneDirector
Tarek AlaruriExecutive Officer, Director
Jeff RichardsDirector

Offering amount: $30M
Amount sold: $30M
First sale: Nov 2020
Incorporated: Corporation, Delaware, 2017
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$10.9MraisedOct 2019 · 20 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Thomas KraneDirector
Tarek AlaruriDirector, Executive Officer
Lou ShipleyDirector
Stephen GregorioDirector
Kevin FrechetteExecutive Officer, Director

Offering amount: $11.1M
Amount sold: $10.9M
First sale: Sep 2019
Incorporated: Corporation, Delaware, 2017
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$889KraisedJun 2018 · 21 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Kevin FrechetteExecutive Officer, Director

Offering amount: $889K
Amount sold: $889K
First sale: May 2018
Incorporated: Corporation, Delaware, 2017
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does Fairmarkit do?: Fairmarkit provides an AI-driven autonomous sourcing platform that helps procurement teams competitively source spend across categories at scale. It uses AI agents to handle sourcing volume while category managers focus on strategy, targeting enterprise procurement functions.
Who founded Fairmarkit?: Fairmarkit was founded by Tarek Alaruri, Kevin Frechette in 2017.
Who are Fairmarkit's investors?: Fairmarkit's investors include Insight Partners, Intrepid Growth Partners, MassVentures, New Stack Ventures, Newfund Capital, Notable Capital, Valuestream Ventures, Walnut Venture Associates and 1 more.
How much funding has Fairmarkit raised?: Fairmarkit has disclosed $41.8M raised across 3 rounds.
Where is Fairmarkit headquartered?: Fairmarkit is headquartered in Boston, US.