Fairmarkit Secures $35.6 Million Series C Funding To Help More Enterprises Optimize “Tail Spend”
Amount Raised
$35.6 Million
Round Type
Series C
BostonOtherSoftwareArtificial IntelligenceEnterprise SoftwareMachine LearningSaaSDescription
Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, today announced a $35.6 million Series C investment, bringing its total funding to date to $78 million. The round was led by OMERS Growth Equity with participation from investors GGV Capital, Insight Partners, HighlandX, as well as a new strategic investment from ServiceNow. The new capital will further fuel Fairmarkit’s rapid growth through strategic hiring, increased technology partnerships and product development. The company is optimizing the platform for all sourcing events and plans to add the same level of intelligence to payments, bringing customers closer to full autonomous sourcing
Quick answer
Fairmarkit, Inc. raised $35.6 Million in a Series C round, dated September 1, 2022. Fairmarkit, Inc. is based in Boston, Massachusetts, United States.
- How much did Fairmarkit, Inc. raise?
- Fairmarkit, Inc. raised $35.6 Million in a Series C round on September 1, 2022.
- What does Fairmarkit, Inc. do?
- Fairmarkit is an autonomous sourcing platform transforming how enterprise procurement teams manage their tail spend and beyond.” Its SaaS platform centralizes supplier data and leverages its machine learning..
- Where is Fairmarkit, Inc. based and how big is it?
- Fairmarkit, Inc. is based in Boston, Massachusetts, United States.
Source: Fundz verified event record.
Who else raised in Enterprise Software and SaaS around the same time
Companies in the same sectors as Fairmarkit, Inc. that raised within 45 days of this round, from Fundz verified event records.
- Automation Anywhere, Inc. raised $200M (Funding Round) on October 3, 2022.
- TrueFoundry raised $2.3M (Seed) on September 20, 2022.
- Live Earth raised $10M (Funding Round) on September 8, 2022.
- Nightfall AI raised $40M (Series B) on August 10, 2022.
- QorusDocs raised $10M (Funding Round) on October 4, 2022.
- Brightflow AI raised $15M (Series A) on September 21, 2022.
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