Fairmarkit Revenue and Competitors

Boston, MA USA

Location

$41.9M

Total Funding

FinTech

Industry

Estimated Revenue & Valuation

  • Fairmarkit's estimated annual revenue is currently $20M per year.(i)
  • Fairmarkit received $30M in venture funding in December 2020.
  • Fairmarkit's estimated revenue per employee is $139,750
  • Fairmarkit's total funding is $41.9M.

Employee Data

  • Fairmarkit has 143 Employees.(i)
  • Fairmarkit grew their employee count by -4% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$106.8M647-8%$1.1B$2.7B
#2
$102.6M55724%$27MN/A
#3
$42.4M282-4%$208.1MN/A
#4
$28.9M192-5%$31.8MN/A
#5
$0.5M14-18%$13.9MN/A
#6
$4.7M435%$60.3MN/A
#7
$0.3M4N/AN/AN/A
#8
$13.1M9053%N/AN/A
#9
$2241.3M5249N/AN/AN/A
#10
$10.8M77N/AN/AN/A
#11
$9.2M73-30%N/AN/A
#12
$7.6M58N/AN/AN/A
#13
$0.2M3N/AN/AN/A
#14
$1.4M16N/AN/AN/A
#15
$1.7M19N/AN/AN/A
Add Company

Fairmarkit's SaaS platform automates the control and optimization of tail spend purchases. While tail spend accounts for about 20% of annual spend, tail spend comprises 80% of a business's total vendors and purchases, making it a management nightmare. Fairmarkit's automated processes increase transparency, yielding greater efficiencies and reducing spend by 6-12%.

keywords:fintech, saas

$41.9M

Total Funding

143

Number of Employees

$20M

Revenue (est)

-4%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Fairmarkit News

2022-04-17 - Vendor Management Software Market Size And Forecast ...

ProfileGorilla, Finly, Fairmarkit, ViClarity, UpGuard, Latitude WMS, Whistic. The report provides a good overview of the key macroeconomic...

2020-12-10 - Fairmarkit Raises $30M in Series B Funding

Fairmarkit, a Boston, MA-based intelligent sourcing platform for the procurement of goods and services for large enterprises, raised $30m in Series B funding. The round was co-led by GGV Capital and Insight Partners, with participation from 1984 VC, New Stack, and NewFund. As part of the round, ...

2020-12-10 - Fairmarkit lands $30M Series B to modernize procurement

As the pandemic has raged on, it has shone a spotlight on the importance of procurement, especially in certain sectors. Fairmarkit, a Boston startup, is working to bring a modern digital procurement system to the enterprise. Today, the company announced a $30 million Series B. GGV Capital and I ...

2020-12-10 - Fairmarkit Raises $30M in Series B Funding

Fairmarkit, a Boston, MA-based intelligent sourcing platform for the procurement of goods and services for large enterprises, raised $30m in Series B funding. The round was co-led by GGV Capital and Insight Partners, with participation from 1984 VC, New Stack, and NewFund. As part of the round, ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$28.5M14413%N/A
#2
$38.8M1442%N/A
#3
$23M14427%N/A
#4
$45.5M144-43%N/A
#5
$26.1M1442%N/A

Fairmarkit Funding

DateAmountRoundLead InvestorsReference
2020-12-10$30MBGGV Capital, Insight PartnersArticle