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
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
Phone
Undisclosed
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
Parspec LinkedIn Company Profile
Social Media
Parspec Company Twitter Account
Company News
Parspec News
Facebook
Parspec on Facebook
YouTube
Parspec on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Forest Flager
  Forest Flager LinkedIn Profile  Forest Flager Twitter Account  Forest Flager News  Forest Flager on Facebook


 

 

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