Fundraising Fox
Fairmarkit
Boston, US · Founded 2017 · 147 employees on LinkedIn · 9 known investors
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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.
Founders & leadership
Fairmarkit was founded in 2017 by Tarek Alaruri and Kevin Frechette.
Investors · 9
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Intrepid Growth Partners's portfolio page · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: Newfund Capital's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Notable Capital's portfolio page · a partner's Signal profile · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Valuestream Ventures's portfolio page · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$41.8M disclosed across 3 rounds · 2018–2020
▶$30MraisedDec 2020 · 6 investors · OtherRule 506(b)
- 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
▶$10.9MraisedOct 2019 · 20 investors · OtherRule 506(b)
- 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
▶$889KraisedJun 2018 · 21 investors · OtherRule 506(b)
- Kevin FrechetteExecutive Officer, Director
- Offering amount
- $889K
- Amount sold
- $889K
- First sale
- May 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Fairmarkit went on to found or lead other companies.
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.