Fermat

San Francisco, CA · Founded 2021 · Privately Held (backing)

Developer of a commerce infrastructure platform designed for decentralized retail experiences. Fermat is based in San Francisco, CA and was founded in 2021. Its last reported valuation was $225 million in Jun 2025. It has raised $74 million.

Last reported valuation

$225.0M

Oct 2026

Priced at

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Total raised

$74.0M

Last round

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How much has Fermat raised?

$74.0Macross 0 recorded rounds

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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.

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12 investors have backed Fermat.

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Frequently asked about Fermat

How much has Fermat raised?: Fermat has raised $74.0M in total across 0 recorded funding rounds.