Parspec (Series A)
Funding Details
Awarder
RSS - news.crunchbase.com
Date Award
July 8, 2025
Vertical
Artificial intelligence
Funding URL
View Funding Page
Funding Amount
$20,000,000
Company Info
Founding Year
2020
Traction
Parspec has 288 customers, primarily wholesale distributors and sales agencies in the MEP product verticals, and has experienced 4x revenue growth over the past 12 months.
Organizations Involved
Katerra
Founders
Forest Flager, Pratyush Havelia
Market
Construction procurement
Location
San Mateo, California, United States
Coinvestors
Innovation Endeavors, Building Ventures, Heartland Ventures, Hometeam Ventures
Company Description

Parspec is a startup using artificial intelligence to improve efficiency in the construction industry supply chain, helping sales agents and wholesale distributors efficiently bid and supply construction products.

Links
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