Tech Company Financing Transactions
Parspec Funding Round
Parspec, based in San Mateo, secured $20 million from Threshold Ventures, Building Ventures and Heartland.
Transaction Overview
Company Name
Announced On
7/8/2025
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand the platform to support the full order lifecycle and to create a unified digital environment for collaboration between contractors, distributors, sales agents and manufacturers.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1825 South Grant Street Floor 9 110
San Mateo, CA 94402
USA
San Mateo, CA 94402
USA
Phone
Undisclosed
Website
Email Address
Overview
Hundreds of leading sales agents and distributors use Parspec's AI-powered platform to support product selection, quoting, & submittals. Break through productivity barriers to bid more jobs, grow revenue, and improve profitability.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Forest Flager
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