About Freemarkets
Freemarkets is a company based in Pittsburgh (United States) founded in 1995 was acquired by SAP Ariba in January 2004.. Freemarkets offers products and services including SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network. Freemarkets operates in a competitive market with competitors including Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others.
- Headquarter Pittsburgh, United States
- Stage Public
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Sap Se
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Products & Services of Freemarkets
Freemarkets offers a comprehensive portfolio of products and services, including SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates direct and indirect spend management for businesses.
Manages external workforce and contingent labor efficiently.
Handles travel bookings and expense reporting processes.
Facilitates procurement collaboration between buyers and suppliers.
Funding Insights of Freemarkets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Freemarkets
Freemarkets has secured backing from 1 investor. Prominent investors backing the company include SAP Ariba. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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E-procurement, invoicing, and B2B collaboration software is offered for businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Freemarkets
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Freemarkets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freemarkets Comparisons
Competitors of Freemarkets
Freemarkets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
An AI-based platform for global sourcing and outsourcing is offered.
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| domain | founded_year | HQ Location |
Multi-category products are listed on an AI-driven B2B platform.
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| domain | founded_year | HQ Location |
Cloud-based tail spend management is delivered for business procurement.
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Cloud-based platform for automating RFPs and supplier bidding is offered.
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| domain | founded_year | HQ Location |
Web-based supply chain sourcing solutions are provided to businesses.
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SaaS-enabled solutions for e-commerce operations management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Freemarkets
When was Freemarkets founded?
Freemarkets was founded in 1995.
Where is Freemarkets located?
Freemarkets is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
What does Freemarkets do?
Freemarkets was founded in 1995 in Pittsburgh, United States, focusing on the supply chain management sector. Software, services, and solutions were provided to handle procurement processes, with auction-based sourcing as a key feature to streamline supply management. Operations emphasized enhancing corporate supply capacities through digital tools. The company was acquired by Ariba in 2004 to integrate with existing spend management systems.
Who are the top competitors of Freemarkets?
Freemarkets's top competitors include Globality, Fairmarkit and Scoutbee.
What products or services does Freemarkets offer?
Freemarkets offers SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network.
Who are Freemarkets's investors?
Freemarkets has 1 investor. Key investors include SAP Ariba.