Key facts
- Fermat’s last known valuation is $225.0M (Jun 2025).
- It has raised $74.0M; the latest was Early Stage VC ($45.0M) in Jun 2025.
- Notable investors include Pareto Holdings, Bain Capital Ventures, QED Investors, Greylock, Courtside Ventures — 12 tracked in total.
- Status: Privately Held (backing).
- ·The complete investor list — 12 names
- ·Watchlist + deal alerts for Fermat
- ·The full record, as it builds
Funding rounds
No funding rounds for Fermat are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.
About Fermat
Developer of a commerce infrastructure platform designed for decentralized retail experiences. The company's platform integrates personalized recommendations, dynamic product displays, and modular retail interfaces, enabling online retail brands to streamline product discovery, optimize conversion rates, and enhance shopper engagement.
- Sector
- Information Technology
- HQ
- San Francisco, CA, United States
- Founded
- 2021
- Employees
- 22
- Website
- fermatcommerce.com/
- Ownership
- Privately Held (backing)
Fermat doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.
Recorded secondary trades
No secondary trades in Fermat shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.
Institutional fund marks
No SEC-registered fund has reported a fair-value mark on Fermat in its N-PORT filings yet. We sweep new filings monthly.