Register for our webinar on April 29 to learn about today's most crucial coalition—supply chain and procurement.
Our customers are a part of our team and our success, so we can’t wait to share the good news: We are thrilled to announce Fairmarkit has raised a $35.6 million Series C investment led by OMERS with participation from GGV, Insight Partners, Highland Capital Partners as well as a new strategic investment from ServiceNow; bringing our total funding to date to $78 million! This investment is a massive testament to the relentless team we’ve assembled, our dedication and support we’ve been able to continuously show our customers, and most importantly, the opportunities we have yet to tackle.
Are you ready to join us?
$1.2B sourced with Fairmarkit
$100M of automated sourcing
50% reduction in cycle time
When bringing Fairmarkit to BT Sourced, we set our sights on disrupting the way our organization and the whole industry thinks about sourcing. Right off the bat, we had impressive results that exceeded our expectations of process improvement and hard savings, and now we're working to expand the value at a global scale. We are excited to continue to see the transformative effects Fairmarkit will have across our whole organization as we grow together in this partnership.
As a global company with a massive scale of operations, Fairmarkit has allowed us to reimagine our entire sourcing process. When tasked with doing more work with fewer resources, Fairmarkit’s innovation allowed us to automate our buying processes and complete our requirements. We’ve already pushed over $1 billion of spend through the platform, with $125m of this being automatically sourced by the tool, and we look forward to continuing our efforts with the Fairmarkit team.
