Tech Company Financing Transactions

FairMarkIT Funding Round

FairMarkIT secured a $30 million Series B funding round on 12/11/2020. Investors included GGV Capital, Insight Venture Partners and 1984 Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B

GGV Capital (Lead Investor) (Jeffrey Richards)

Insight Venture Partners (Lead Investor)

1984 Ventures

New Stack Ventures


Proceeds Purpose
The company intends to use the funds to grow both its team (hiring for roles in product development, support, and sales) and customer base.

Company Information

Company Status
Private & Independent
Enterprise IT
Mailing Address
4 Copley Pl.
Boston, MA 02116
Email Address
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.
FairMarkIT LinkedIn Company Profile
Social Media
FairMarkIT Company Twitter Account
Company News
FairMarkIT News
FairMarkIT on Facebook
FairMarkIT on YouTube

Management Team

Email & Social
Chief Executive Officer
Kevin Frechette
  Kevin Frechette LinkedIn Profile  Kevin Frechette Twitter Account  Kevin Frechette News  Kevin Frechette on Facebook
Chief Operating Officer
Tarek Alaruri
  Tarek Alaruri LinkedIn Profile  Tarek Alaruri Twitter Account  Tarek Alaruri News  Tarek Alaruri on Facebook
Chief Technical Officer
Victor Kushch
  Victor Kushch LinkedIn Profile  Victor Kushch Twitter Account  Victor Kushch News  Victor Kushch on Facebook
VP - Bus. Development
Erin McFarlane
  Erin McFarlane LinkedIn Profile  Erin McFarlane Twitter Account  Erin McFarlane News  Erin McFarlane on Facebook
VP - Customer Service
Dean Vassiliou
  Dean Vassiliou LinkedIn Profile  Dean Vassiliou Twitter Account  Dean Vassiliou News  Dean Vassiliou on Facebook
VP - Engineering
Andrew Kenney
  Andrew Kenney LinkedIn Profile  Andrew Kenney Twitter Account  Andrew Kenney News  Andrew Kenney on Facebook
VP - Engineering
Andrew Timonin
  Andrew Timonin LinkedIn Profile  Andrew Timonin Twitter Account  Andrew Timonin News  Andrew Timonin on Facebook
VP - Finance
Maddy Karolian
  Maddy Karolian LinkedIn Profile  Maddy Karolian Twitter Account  Maddy Karolian News  Maddy Karolian on Facebook
VP - Marketing
Benjamin Winter
  Benjamin Winter LinkedIn Profile  Benjamin Winter Twitter Account  Benjamin Winter News  Benjamin Winter on Facebook
VP - Product Management
Kelly McStay
  Kelly McStay LinkedIn Profile  Kelly McStay Twitter Account  Kelly McStay News  Kelly McStay on Facebook
VP - Sales
Michael Metcalf
  Michael Metcalf LinkedIn Profile  Michael Metcalf Twitter Account  Michael Metcalf News  Michael Metcalf on Facebook



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Prev: 12/11/2020: Candu venture capital transaction
Next: 12/11/2020: Cleo AI venture capital transaction


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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, an affiliated venture.


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