Parspec
PrivateLast Round
Series A
Jul 8, 2025
Total Funding Raised
$31.5M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Parspec is a construction technology company that offers an artificial intelligence platform to streamline the supply chain for the building and construction industry by facilitating the selection and sale of construction products through instant submittal creation and online management.
Sector
Enterprise Software
Verticals
Construction Tech, Vertical SaaS, Document Management, Workflow Automation, NLP & Conversational AI
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parspec Comparables
Compare Parspec with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Pelles.ai | 67% | |
| STACK Construction Technologies | 66% | |
| BuildSync Inc | 64% |
Parspec Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Jul 8, 2025 | ||||
| Seed | Feb 27, 2024 | ||||
| Pre Seed | Mar 1, 2022 |
Key People
Founding team and executive leadership
Parspec Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Building Ventures | Series A, Seed |
| Heartland Ventures | Series A, Seed |
| Threshold Ventures | Series A |
| Innovation Endeavors | Series A, Seed |
| Hometeam Ventures | Series A, Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 8, 2026
Launched a new Project Management solution to streamline construction execution.
- Mar 8, 2026
Added Borderstates, an industrial/electrical supply company, as a customer.
Recent news
Latest coverage and updates
- has_revenueSep 2, 2026
Parspec had revenue of $7.9M on Sep 1st '25.
- has_revenueSep 2, 2026
Parspec had revenue of $5.4M on Sep 1st '25.
- launchesJul 20, 2026
Parspec launched Sales Management on Jul 20th '26.
Parspec Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
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