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Parspec Announces $11.5M Seed Funding led by Innovation Endeavors, bringing the power of AI to construction product procurement

PRIVATEFeb 27, 2024

Amount Raised

$11.5 Million

Round Type

Seed

San FranciscoManufacturingConstructionBuilding MaintenanceBuilding MaterialCivil Engineering

Investors

Hometeam VenturesHeartland VenturesBuilding VenturesInnovation Endeavors

Description

Parspec announced an oversubscribed $11.5 million seed round led by Innovation Endeavors, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures.

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Company Information

Company

Parspec

Location

San Francisco, California, United States

About

Parspec is revolutionizing the materials supply chain for the $15 trillion global construction industry by digitizing and organizing the industry's product data. Our proprietary AI technology maintains a current and comprehensive catalogue of millions of products, enabling our customers to identify products that best meet their needs–instantly. Trusted by top designers, builders, distributors, manufacturers, and sales agents, and backed by leading venture investors, Parspec is paving the way for a more innovative, connected, and sustainable future in construction.

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Parspec raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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