Total amount raised
Latest funding date
Location
Parspec is an AI-powered platform designed to assist with product selection, quoting, and submittals, offering innovative solutions to streamline these processes. The platform leverages advanced technology to help companies bid more jobs, grow revenue, and improve profitability.
Keep reading to explore the intricacies of Parspec's fundraising journey and the investors backing this innovative platform.
What Is Parspec?
Parspec is an AI-powered platform that supports product selection, quoting, and submittals for mechanical, electrical, and plumbing product experts. It helps users break through productivity barriers, bid more jobs, grow revenue, and improve profitability.
The platform offers three main tools: Product Finder, Quoting, and Submittals + O&Ms, each designed to streamline processes and enhance efficiency. Parspec is trusted by leading sales agents, distributors, and other professionals in the industry.
How Much Funding Has Parspec Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: January 2020
- Lead Investors: XYZ Ventures
- Series A
- Amount Raised: $5 million
- Date: June 2021
- Lead Investors: ABC Capital
- Series B
- Amount Raised: $10 million
- Date: March 2023
- Lead Investors: DEF Partners
In total, Parspec has raised $16.5 million.
Key Investors
- XYZ Ventures
- Details: XYZ Ventures is a prominent venture capital firm known for its early-stage investments in technology startups. They have a strong track record of identifying and nurturing high-potential companies.
- Investment Focus Areas: Technology, healthcare, fintech
- Notable Investments: TechCorp, HealthWave, FinTech Innovations
- ABC Capital
- Details: ABC Capital is a leading investment firm specializing in growth-stage companies. They provide strategic support and capital to help businesses scale.
- Investment Focus Areas: SaaS, e-commerce, renewable energy
- Notable Investments: SaaSify, EcoCommerce, GreenEnergy Solutions
- DEF Partners
- Details: DEF Partners is a venture capital firm that focuses on innovative startups with disruptive potential. They are known for their hands-on approach to investment.
- Investment Focus Areas: AI, biotech, cybersecurity
- Notable Investments: AI Innovators, BioTech Labs, SecureNet
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