About Parspec
Parspec is a Real Estate & Construction company based in San Francisco (United States) founded in 2020 by Pratyush Havelia and Forest Flager. AI-powered platform that streamlines product selection, quoting, and submittals for sales agents and distributors in the construction industry, aiming to increase efficiency and profitability. Parspec has raised $31.5 million across 3 funding rounds from investors including Innovation Endeavors, Building Ventures and Heartland Ventures. Its chief executive, as recorded, is Forest Flager. Its website parspec.io draws about 60 thousand monthly visits. Parspec offers products and services including Product Finder, Quoting Tool, and Submittals + O&Ms. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Pre-Construction. Its legal entity is Parspec, Inc. Its competitors include Kojo, Constrafor and Field Materials; 3 of its 3 listed competitors have raised funding.
Company details
Parspec was founded in 2020 and is based in San Francisco, United States. An AI-powered platform is operated by the company to assist sales agents and distributors in the construction industry. Core functions include product selection, quoting processes, and submittal preparation. Efficiency in operations is supported through these tools, with focus on the North American market. Leadership is provided by co-founders Pratyush Havelia as CTO and Forest Flager as CEO.
- Headquarters San Francisco, United States
- Founders Pratyush Havelia, Forest Flager
- SectorsReal Estate & Construction
- Website parspec.io
- Social LinkedIn X Facebook YouTube
- Legal Name Parspec, Inc
- Total Equity Funding$31.5M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series A
Jul 2025
- InvestorsInnovation Endeavors
& 5 more
Products & Services of Parspec
Parspec offers a comprehensive portfolio of products and services, including Product Finder, Quoting Tool, and Submittals + O&Ms.
AI tool for identifying spec-compliant product alternatives and preferences.
Platform for automated pricing and bidding to win more jobs.
System for creating accurate submittals and operations manuals quickly.
Apps and channels of Parspec
its YouTube channel Parspec has 70 subscribers and 30 videos.
Videos from Parspec
The most watched videos on Parspec's YouTube channel, Parspec (70 subscribers). Click a video to play it here.
More on Parspec.
Funding Insights of Parspec
Parspec has successfully raised a total of $31.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $31.5M
- Total Rounds 3
- Last Round Series A — $20M
- Investors Count 6
All 3 funding rounds of Parspec with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $20M | Series A | – | Threshold | |
| Feb 2024 | $11.5M | Seed | – | Innovation Endeavors | |
| Sep 2021 | Seed | – | Heartland Ventures, Innovation Endeavors | – |
6 investors in total: 6 institutional.
Investors in Parspec
Parspec has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Innovation Endeavors, Building Ventures and Heartland Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology investments are targeted by this venture capital firm. | innovationendeavors.com | Palo Alto, United States | ||
Building Ventures is focused on investing in built environment innovations. | buildingventures.com | Boston, United States | ||
Investments are directed by Heartland Ventures toward Midwest tech firms. | heartlandvc.com | South Bend, United States | ||
Early-stage investments are made in housing and construction technology. | hometeam.vc | |||
Early-stage startups are funded by Threshold VC firm. | threshold.vc | Palo Alto, United States | ||
Endeavor is focused on supporting high-impact entrepreneurs globally. | endeavor.org | New York, United States |
Investor details for Parspec
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Parspec
31 people are tracked at Parspec (7 in leadership, 24 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Rajasekar Murugan | Head Of Platform Engineering | Leadership |
Tom Murphy | Director Of Customer Success | Leadership |
Abhijit Mitra | Director Of Engineering | Leadership |
Jolan Martin | Director Of Product | Leadership |
Jay Pettigrew | Vice President Of Sales | Leadership |
Swarnabha Das | Se-1 (infra Pod) | Team |
Nicholas Destein | Senior Enterprise Account Executive | Team |
Evan Lazar | Enterprise Account Executive | Team |
Deeksha Jain | Associate - People & Operations | Team |
Lavanya Naresh | Software Engineer 2 | Team |
Chirag Vaswani | Senior Software Engineer | Team |
Brandon Shore | Account Executive | Team |
Chris Dallau | Enterprise Corporate Sales | Team |
Siddartha Rachakonda | Senior Machine Learning Engineer | Team |
Hrishikesh Barman | SE 2 - Frontend | Team |
Sameer Kulkarni | Human Resources & Operations Lead | Team |
Charul Bari | Senior Software Engineer II | Team |
Zarqab Iqbal | Senior Software Engineer - I | Team |
11 more people are available in the full profile.
Complete people profiles for Parspec
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Parspec
3 dated milestones of Parspec across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Parspec is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $20.0M.
Competitors of Parspec
Parspec has 3 listed competitors in our database, 3 of them funded. They include Kojo, Constrafor and Field Materials.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| usekojo.com | 2018 | San Francisco, United States | $85.65M | 82 | A materials procurement platform is provided for construction contractors. | |
| constrafor.com | 2019 | Manhattan, United States | $27.8M | Provider of cloud-based procurement software for the construction industry | ||
| fieldmaterials.com | 2022 | San Jose, United States | $18.65M | 7 | Procurement management solutions are offered for construction sector operations. |
Detailed competitors of Parspec
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Parspec
The website of Parspec (parspec.io) receives about 60K visits a month.
- Monthly visits60K
▲ 18% vs previous month
Websites whose visitors overlap most with Parspec. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| se.com | 100% | 5.6M | #10,880 | View details |
Top companies in Construction & Building Tech
3 companies that operate in the same segment as Parspec (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Related news about Parspec
Complete news archive for Parspec
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Frequently Asked Questions about Parspec
Parspec was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Parspec is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Forest Flager is the CEO of Parspec, as recorded in our data. They have also founded this company.
Parspec is a funded company, having raised a total of $31.5M across 3 funding rounds to date.
Parspec was founded in 2020 and is based in San Francisco, United States. An AI-powered platform is operated by the company to assist sales agents and distributors in the construction industry. Core functions include product selection, quoting processes, and submittal preparation. Efficiency in operations is supported through these tools, with focus on the North American market. Leadership is provided by co-founders Pratyush Havelia as CTO and Forest Flager as CEO.
Parspec's top competitors include Kojo, Constrafor and Field Materials.
Parspec offers Product Finder, Quoting Tool, and Submittals + O&Ms.
Parspec has 6 investors. Key investors include Innovation Endeavors, Building Ventures, Heartland Ventures, Hometeam Ventures, and Threshold.
Parspec operates through Parspec, Inc.