Fermat key facts
as of Oct 2026- Developer of a commerce infrastructure platform designed for decentralized retail experiences.
- Fermat is valued at approximately $225.0M as of Oct 2026 (last reported valuation).
- 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).
Fermat's last reported valuation, Jun 2025. Nothing priced has surfaced since.
- ·The complete investor list: 12 names
- ·Watch Fermat: the Monday email on marks, rounds and moves
Fermat 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.
Who backs Fermat
12+Fermat valuation
Fermat's last reported valuation was $225 million in Jun 2025. No priced round, secondary trade or fund mark has surfaced since.
Fermat investors
12 investors are on record for Fermat, including Pareto Holdings, Bain Capital Ventures, QED Investors and Greylock. By type, the record holds 6 venture capital firms and 1 hedge fund.
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)
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