Parspec
Parspec is a technology company serving sales agents and distributors in the construction industry, starting with lighting and electrical products. Our mission is to enable our customers to discover and source the best available products and materials for their unique project requirements. Founded in 2021 and headquartered in San Mateo, California, Parspec’s AI-powered platform supports product selection, quoting, and submittal workflows. The company is backed by leading deep tech and construction technology venture investors.
Parspec
Parspec is a technology company serving sales agents and distributors in the construction industry, starting with lighting and electrical products. Our mission is to enable our customers to discover and source the best available products and materials for their unique project requirements. Founded in 2021 and headquartered in San Mateo, California, Parspec’s AI-powered platform supports product selection, quoting, and submittal workflows. The company is backed by leading deep tech and construction technology venture investors.
TL;DR
Founded: 2021
Headquarters: San Mateo, California
Product: AI-powered platform for product selection, quoting, and submittals for construction supply chain
Founders: Forest Flager (CEO), Pratyush Havelia (CTO)
Recent financing: $20M Series A (announced July 8, 2025)
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Company Overview
Problem Domain
Construction product specification, quoting, and submittal workflows for distributors, sales agents, and manufacturers (MEP/lighting focus).
Founded
2021
Industry
Software Development
Funding Track Record
$20M
Investor Signal
“Led by Threshold Ventures with participation from Innovation Endeavors, Building Ventures, Heartland Ventures, and Hometeam Ventures”