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
Threshold Ventures (Lead Investor)
Building Ventures (Allen Preger)
Innovation Endeavors (Josh Rapperport)
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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