Fairmarkit Revenue and Competitors
Estimated Revenue & Valuation
- Fairmarkit's estimated annual revenue is currently $20M per year.
- 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.
- Fairmarkit grew their employee count by -4% last year.
Fairmarkit Competitors & AlternativesAdd Company
Competitor Name | Revenue | Number of Employees | Employee Growth | Total Funding | Valuation |
---|---|---|---|---|---|
#1 | $106.8M | 647 | -8% | $1.1B | $2.7B |
#2 | $102.6M | 557 | 24% | $27M | N/A |
#3 | $42.4M | 282 | -4% | $208.1M | N/A |
#4 | $28.9M | 192 | -5% | $31.8M | N/A |
#5 | $0.5M | 14 | -18% | $13.9M | N/A |
#6 | $4.7M | 43 | 5% | $60.3M | N/A |
#7 | $0.3M | 4 | N/A | N/A | N/A |
#8 | $13.1M | 90 | 53% | N/A | N/A |
#9 | $2241.3M | 5249 | N/A | N/A | N/A |
#10 | $10.8M | 77 | N/A | N/A | N/A |
#11 | $9.2M | 73 | -30% | N/A | N/A |
#12 | $7.6M | 58 | N/A | N/A | N/A |
#13 | $0.2M | 3 | N/A | N/A | N/A |
#14 | $1.4M | 16 | N/A | N/A | N/A |
#15 | $1.7M | 19 | N/A | N/A | N/A |
What Is Fairmarkit?
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
ProfileGorilla, Finly, Fairmarkit, ViClarity, UpGuard, Latitude WMS, Whistic. The report provides a good overview of the key macroeconomic...
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, ...
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 ...
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 Name | Revenue | Number of Employees | Employee Growth | Total Funding |
---|---|---|---|---|
#1 | $28.5M | 144 | 13% | N/A |
#2 | $38.8M | 144 | 2% | N/A |
#3 | $23M | 144 | 27% | N/A |
#4 | $45.5M | 144 | -43% | N/A |
#5 | $26.1M | 144 | 2% | N/A |
Fairmarkit Funding
Date | Amount | Round | Lead Investors | Reference |
---|---|---|---|---|
2020-12-10 | $30M | B | GGV Capital, Insight Partners | Article |