Fairmarkit
Fairmarkit sells AI-powered procurement software that helps companies automate sourcing. Its tools reportedly let buyers handle 10x more events per person and find $40k in weekly savings per user. The Boston-based company has raised $77M and employs 147 people.
The growth story
Fairmarkit grew from 158 to 147 employees between 2021 and 2026, raising $77M along the way, most recently a Series C in September 2022.
About
Fairmarkit makes software that automates procurement processes like supplier selection and bidding. Its AI tools aim to help large organizations source goods and services more efficiently, particularly for indirect spend categories where manual processes are common.
The company has raised $77M, most recently a Series C in 2022. Its 147-person team draws heavily from engineering backgrounds, with EPAM being the top talent source. Fairmarkit alumni have founded 11 companies, including Stuut and TollBit.
Founders and leadership
Engineering is Fairmarkit's largest function, making up 33 of its 147 employees. The company has a relatively young workforce, with a median tenure of just 1 year. Its leadership team includes veterans from procurement and enterprise software backgrounds.
The Fairmarkit org chart
Kevin Frechette (Co-Founder & CEO) leads 57 mapped leaders with 3 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 44 (+26% YoY), Sales 18 (+13% YoY), Business Development 15 (0% YoY), Information Technology 11 (+22% YoY), Customer Success and Support 11 (+38% YoY), Human Resources 8 (+33% YoY).
Talent flow
Fairmarkit recruits heavily from Eastern European tech firms, with EPAM, Wargaming, and SAP being top sources. Its alumni often move to other startups, with Stuut attracting the most former employees. The company also draws from Belarusian universities, particularly Belarusian State University.
Most common previous employers of Fairmarkit staff: EPAM (9), Wargaming (4), SAP (3), Enable (3), Zylo (3), RocketData (3). Former Fairmarkit employees most often moved to Stuut (7), Google (4), Amazon Web Services (AWS) (3), Eventellect (3), Sweed (2), EY (2).
Alumni worth knowing
The Fairmarkit mafia
Fairmarkit alumni have founded 11 companies, most notably Stuut, which has grown to 77 employees. Other notable alumni-founded startups include TollBit, Intrepid Growth Partners, and SYNCRUX.
12Tarek A., was COO, Co-Founder until 2023Ben Winter, was VP, Growth & Marketing until 2022Olivia Joslin, was AI Product Director until 2023Mark Shulgan, was Investor until 2023Tristan Deschler, was Director, Fairmarkit Labs (AI Product Manager) until 2026
Olga Nikalaichuk, was Business Development until 2020
Dean Vassiliou, was VP of Customer Success | Seed investor until 2021
Rahul C. Vijay, was Advisory Board until 2020
Brianna Blaney, was Content Writer and Email Marketing until 2022
Chez Michelle Gaspercic, was Head of Revenue Operations until 2022Web traffic
Traffic mix: 48% direct, 6% search, 4% social, 4% paid.
What this company is made of
Most common skills at Fairmarkit: Leadership (50), Management (48), Project Management (42), Microsoft Excel (40), Python (Programming Language) (36), Teamwork (33), Microsoft Office (33), Sales (32).
Where the team actually sits
Fairmarkit people are concentrated in Mazowieckie, Poland (21), Massachusetts, United States (11), California, United States (5), New York, United States (5).
Search footprint
Fairmarkit attracts about 4,205 organic search visits a month, traffic worth roughly $35K a month if bought through ads. It gained 925 ranking keywords and lost 800 in the last period.
What employees say
- Compensation
- 4.00 / 5
- Career opportunities
- 3.60 / 5
- Senior management
- 3.40 / 5
- Work-life balance
- 3.60 / 5
Frequently asked
Fairmarkit has 147 employees as of September 2026.
Fairmarkit has raised $77M in total, most recently a Series C round in September 2022.
Fairmarkit was founded in 2017 by Kevin Frechette.
Kevin Frechette (Co-Founder & CEO) sits at the top of Fairmarkit's reporting structure, with 3 direct reports.
The most common previous employers of current Fairmarkit staff are EPAM (9 people), Wargaming (4 people), SAP (3 people).
Former Fairmarkit employees most often move to Stuut (7), Google (4), Amazon Web Services (AWS) (3).
At least 11 companies have a founder who previously worked at Fairmarkit, including Stuut, TollBit, Intrepid Growth Partners.
Fairmarkit attracts about 4,205 organic search visits a month, worth roughly $35K a month in equivalent ad spend.
The most common skills among Fairmarkit staff are Leadership, Management, Project Management, Microsoft Excel, Python (Programming Language).
Fairmarkit staff are concentrated in Mazowieckie, Poland (21), Massachusetts, United States (11), California, United States (5).
Fairmarkit has about 44 people in Engineering, up 26% over the past year, as of September 2026.
Fairmarkit has about 18 people in Sales, up 13% over the past year, as of September 2026.
Computed from 108 current and 265 former Fairmarkit profiles, as of September 2026. Source: Crustdata.
Build this for any company
Every number on this page came from the Crustdata API. Point the MCP at a company and get the same org chart, alumni list and talent flow in one prompt.