fbpx

Fairmarkit Scores $35.6M Series C Round

BOSTON, MA, Fairmarkit has announced a $35.6 million Series C investment, bringing its total funding to date to $78 million
Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, has 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. In addition, Fairmarkit was recently added to the 2022 Inc. 5000 fastest-growing private companies list, ranked 159.

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 recommendation engine to match business needs to relevant suppliers, saving time and money. Some of the world’s largest procurement departments rely on Fairmarkit for their sourcing processes, including: bp, British Telecom, Cabot Corporation, and Refinitiv.

Fairmarkit seems to have immense potential to grow. Congratulations to the entire team

Shishir Gupta CEO & Founder of startuplanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds

here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

top