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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Team — not yet on record
No current team members for Fermat are on record yet. People surface from round filings, company disclosures, and coverage sessions.
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·The complete investor list: 12 names
·Watch Fermat: the Monday email on marks, rounds and moves
