Overview
News
Technologies
Salaries
Products
People
Growth
Offices
Jobs
Financials

Funding and backers

Total raised
$77.4M
4 rounds on record
Latest round
$35.6M
Series C · Sep 2022 · 4 yr ago
Team
57
US Form 5500 (plan participants) · Dec 2025 · +8% in a year
Hiring now
5
+2 posted in 30 days
Backers
4
Insight Partners, Newfund
The money's age
Long since its last round
49 months since the last round · and hiring
Momentum
41/100
hiring for its size, a new city, in the news
Last sign of life
this month
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Apr 29 Launched April 29, 2026 Fairmarkit Launches Total Agentic Sourcing, the First Platform to Put AI to Work Across All Enterprise Spend with Leading ERPs · businesswire.com Mar 7, 2025 Recognition Fairmarkit Named to Forbes' 2025 List of America's Best Startup Employers · businesswire.com Sep 1, 2022 Raised a round Series C $35.6M Nov 19, 2020 Raised a round Venture round $30M · SEC Form D Sep 25, 2019 Raised a round Venture round $10.9M · SEC Form D May 18, 2018 Raised a round Venture round $889k · SEC Form D 2017 Founded
Tractionpublic signals, read monthly
Web presence
top 2%
of 133.2M domains by links, Common Crawl
Funding rounds
RoundDateAmountInvestorsSource
Series C Sep 2022 $35.6M — markets.financialcontent.com
Venture round Nov 2020 $30M — SEC Form D
Venture round Sep 2019 $10.9M — SEC Form D
Venture round May 2018 $889k — SEC Form D
Registers and programsofficial lists and records that name the company
Legal entity FairMarkIT, Inc. SEC Form D
Founders and leadersfrom filings, registers and the company's site
Kevin FrechetteExecutive Officer, DirectorSEC Form D
Tarek AlaruriExecutive Officer, DirectorSEC Form D
Investors in similar startupsfunds that back the companies most like this one
Similar startupsby what they do, their industry and backers
COMPRIFounded 2024 • 2 roles
AI Agents that automate sourcing, supplier management and procurement operations for manufacturing companies. Your new team colleagues.
MercanisSeries A $20M · 16 mo ago • Founded 2020 • 11-50 employees • 16 roles
Mercanis is the AI-powered Procurement Platform to automate sourcing, manage suppliers, and streamline contracts, all in one intuitive…
MazepayVenture round $4.3M · 3 yr ago • Founded 2018 • 11-50 employees
The best long-tail spend management software for corporate. Approve purchases before they happen, and pay with secure virtual cards. Bring…
TeamprocureVenture round $100k · 6 mo ago • Founded 2021
Team Procure is a cloud-based procurement suite that helps businesses manage purchase requests, purchase orders, approvals, RFQs, and…
A Simple, Flexible, Powerful and Affordable Procurement Solution for all Organisations, Large and Small.
NajarFounded 2020 • 201-500 employees • 6 roles
Najar empowers businesses with modular, AI-driven procurement solutions, giving you full visibility and control over every purchase…

How Fairmarkit hires

Truth index
B 75/100
Ghost roles
0%
Stale roles
100%
Reposted roles
0%

Fairmarkit scores B on the Alion truth index (A is best, E worst), measured over 3 open roles re-checked against its own hiring board: 0% look like ghost listings, 100% have gone stale and 0% are the same role posted again. It measures how much of what this employer publishes turns into a real, finite search - not the employer as a workplace. How the index is computed

Visa sponsorship

  • United States · Filed H-1B visas in the last two years

Visa details by country

Overview

Fairmarkit automates sourcing for tail spend purchases. Its models recommend suppliers and run competitive events automatically. The company serves large procurement organisations.

Tech stack

Technologies named in job postings at Fairmarkit over the last 12 months, by layer, with the share of postings for each.
Technologies in use
18
Postings analysed
3
Stack modernity
95/100AI adopter
Languages
Python
Frameworks & libraries
LangChain
AutoGen
CrewAI
LlamaIndex
Cloud & platforms
AWS
Azure
GCP
GitHub
AI & ML
ChatGPT
Claude
Gemini
LLM
Sign in to see how your skills match this stack Sign In
Full Fairmarkit tech stack 18 technologies · by team · pay by technology · changes · similar stacks

Salary insights

Compensation ranges based on this company's open jobs
Median
$145k
Typical range
$145k
Open positions
1
1 Jobs
Architect 100%
Level Jobs Median Typical range
Architect 1 $145k $145k
Highest paying role Sales Director (UK, Ireland, Netherlands) $145k
Normalized to USD per year

People

Kevin Frechette
Executive Officer, Director
Tarek Alaruri
Executive Officer, Director
Thomas Krane
Director
Lou Shipley
Director
Stephen Gregorio
Director
Jeff Richards
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data

Growth

Hiring Momentum
73/100
Growing
Open positions
5
1 opened / 1 closed in 30 days
Median time-to-fill
65 days
faster than 20% of the market
ATS activity
Every ~4 hours
Today
Hiring Dynamics +100%
Hiring Focus
The percentage next to each role is its share of the company's job openings over the last 90 days; the arrow shows the shift versus the previous period.
Marketing
33% ▲
Customer Success
33% ▲
Solutions
33% ▲
Activity Timeline
New location: United States Oct 2026
New location: Poland Oct 2026
New location: Warsaw Sep 2026
Added Zendesk to stack Sep 2026
Added Rest API to stack Sep 2026
Added Microsoft Office to stack Sep 2026

Offices

Where the company hires and what each office is for
Cities
5
Hiring now
2
Countries
5
Busiest office
Boston
Loading the map
Headquarters Builds here Office with open vacancies No open vacancies right now Tap a pin for the office
Boston United States
HQ
Remote - US only
1 open roles 100% remote 50-200 est. staff
hires for Sales
seen since Mar 2026 careers board, job postings
London United Kingdom
Sales office
Europe
1 open roles 100% remote 10-50 est. staff $145k Avg Salary
hires for Sales
seen since Mar 2026 job postings
Warsaw Poland
Regional office
Poland
1 posted in 90 days 10-50 est. staff
seen since Sep 2026 careers board
Dubai United Arab Emirates
Regional office
Dubai
careers board
Minsk Belarus
Regional office
Minsk
careers board

Jobs

≈ $89k – $188k per year (Estimated) • Remote (United States, ET hours) • 4+ years exp • United States
ServiceNow
Apply

Financials

Total raised
$77.4M
Latest round
Series C
Funding rounds
4
Funding rounds
Round Announced Amount
Series C 2022 $35.6M Details
Venture - Series Unknown 2020 $30M Details
Venture - Series Unknown 2019 $10.9M Details
Venture - Series Unknown 2018 $889k Details