Tech Company Financing Transactions
FairMarkIT Funding Round
FairMarkIT, operating out of Boston, scored $11 million from Insight Venture Partners and private investors.
Transaction Overview
Company Name
Announced On
10/24/2019
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series A
Investors
Insight Venture Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand its business reach and operations with new job opportunities throughout product development, customer success, and marketing teams, and extend its product suite in partnership with its customer advisory board that includes procurement leaders from companies such as The Andersons Inc., Univision, ServiceNow, and Blue Cross Blue Shield of Kansas City.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
4 Copley Pl.
Boston, MA 02116
USA
Boston, MA 02116
USA
Phone
Website
Email Address
Overview
Over the years, procurement organizations have focused on the larger savings opportunities and deployed their resources accordingly. But the shift to cloud, the sharing of data, and the proliferation of suppliers and eCommerce solutions has opened the door for tail spend management and the need for procurement to revisit the risks and opportunities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Frechette
Chief Operating Officer
Tarek Alaruri
Chief Technical Officer
Victor Kushch
VP - Bus. Development
Erin McFarlane
VP - Customer Service
Dean Vassiliou
VP - Engineering
Andrew Kenney
VP - Engineering
Andrew Timonin
VP - Finance
Maddy Karolian
VP - Marketing
Benjamin Winter
VP - Product Management
Kelly McStay
VP - Sales
Michael Metcalf
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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