Fermat

Fermat

Commerce infrastructure for creators' direct sales

About Fermat

Simplify's Rating
Why Fermat is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Consumer Software

Company Size

51-200

Company Stage

Series A

Total Funding

$28.2M

Headquarters

San Francisco, California

Founded

2021

Overview

Company Does Not Provide H1B Sponsorship

Fermat Commerce provides a commerce infrastructure designed for individual and enterprise creators to sell directly to their customers on the open web. The platform allows creators and publishers to streamline their sales processes and improve customer engagement. By using Fermat Commerce, clients can quickly onboard creators, which leads to a smoother experience and better rates through direct collaboration. The platform features dynamic product updates, accurate conversion attribution, and a shortened purchase funnel, all of which contribute to higher conversion rates. Fermat Commerce's goal is to enable creators to have control over their products, images, and pricing while fostering direct relationships with their audience. The company generates revenue by offering services that enhance sales conversions and attribution for its clients.

đŸ’”
Funded Recently
📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Fermat raised $17M in Series A funding to fuel growth and innovation.
  • The rise of AI-driven personalization in e-commerce aligns with Fermat's platform capabilities.
  • Expansion of influencer marketing supports Fermat's strategy of creator-audience direct relationships.

What critics are saying

  • Major social media platforms integrating shopping could overshadow Fermat's offerings.
  • 57% of consumers resist social commerce, limiting Fermat's market potential.
  • Reliance on funding rounds indicates potential financial vulnerability if growth metrics aren't met.

What makes Fermat unique

  • Fermat offers a unique AI-powered social commerce platform for personalized shopping experiences.
  • The company focuses on creators, enabling direct sales and enhanced customer engagement.
  • Fermat provides precise conversion attribution and dynamic product updates for higher conversion rates.

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Funding

Total Funding

$28.2M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$17M
Fermat
$100M
GitHub

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Unlimited Paid Time Off

Home Office Stipend

Wellness Program

Equity Package

Growth & Insights and Company News

Headcount

6 month growth

↑ 31%

1 year growth

↑ 31%

2 year growth

↑ 31%
PYMNTS
Mar 28th, 2024
Social Commerce Holdouts Skeptical Of Cross-Pollination

Many consumers are put off by social commerce, not wanting to have their social connection interrupted by product promotion. By the Numbers. For the report “Tracking the Digital Payments Takeover: Monetizing Social Media,” PYMNTS Intelligence surveyed nearly 3,000 U.S. consumers to understand the factors driving them to shop — or not to shop — on social media, among other matters.The study found that 57% of consumers did not look for or purchase goods and services on social media in the 30 days before being surveyed. Among the most common reasons they did not browse or make purchases via social media platforms is that they simply prefer not to mix social media with shopping

PYMNTS
Mar 22nd, 2024
Social Apps Race To Capture Commerce Opportunity With Shoppable Integrations

As contextual commerce transforms online shopping, social media platforms are seizing the opportunity to integrate purchasing into their platforms. These apps and websites, once just avenues for sharing updates and connecting with friends, have become robust eCommerce ecosystems. From Facebook and Instagram to TikTok and Pinterest, these platforms have been integrating shopping functionalities, blurring the lines between social networking and online shopping. Instagram, for instance, has been expanding its creator marketplace around the world, while Pinterest has been extending its reach into new types of shoppable content. In the fall, YouTube unveiled features that simplify the marketing and sale of products within videos meant to provide creators with additional opportunities to monetize their content

Finsmes
Mar 13th, 2024
Fermat Raises $17M in Series A Funding

Fermat raises $17M in Series A funding.

Business Wire
Mar 13th, 2024
Fermat Raises $17M Series A To Grow Its Ml-Powered Social Commerce Shopping Experience

SAN FRANCISCO--(BUSINESS WIRE)--Today, FERMAT, the startup that allows every retailer to create a unique shopping experience for each customer journey, announced it has raised $17 million in new financing. This will allow it to continue fueling growth for its customers, including admired social commerce brands like True Classic, Jack Archer, mindbodygreen, U Beauty, and Nood, as well as many forward-thinking advertising agencies. Bain Capital Ventures (BCV) led the funding round, with participation from existing investors Greylock, QED Investors and Courtside Ventures, bringing FERMAT’s total funding raised to over $30 million. FERMAT provides a seamless end-to-end shopping experience for consumers and greater advertising performance for commerce brands. When shoppers engage with a brand on social, email, or SMS, FERMAT uses AI and machine learning to provide a unique and personalized journey from ad to shop to sale. Throughout the process, FERMAT carries relevant information about the customer, such as products they like, discounts they’ve seen, and influencers they’ve engaged with

Fermat Commerce
Dec 28th, 2023
FERMÀT's 2023 Year in Review

Then Fermatcommerce hired its CMO, Rabah Rahil, to revamp its marketing strategy and ramp up content creation during Q3 and Q4.

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