About Specright
Specright is a company based in Irvine (United States) founded in 2014 by Matthew Wright.. Specright has raised $41.66 million across 5 funding rounds from investors including Sageview Capital, VMG Partners and Pritzker Group. The company has 53 employees as of December 31, 2022. Specright offers products and services including Specification Data Management Platform, Packaging Management, Product Data Management, and Document Management. Specright operates in a competitive market with competitors including MarginEdge, BlackSquare, Redzone, Maad and Maritech Seafood, among others.
- Headquarter Irvine, United States
- Employees 53 as on 31 Dec, 2022
- Founders Matthew Wright
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Sectors
TechnologyConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Specright Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.66 M (USD)
in 5 rounds
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Latest Funding Round
$32.86 M (USD), Series B
Jul 13, 2021
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Investors
Sageview Capital
& 6 more
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Employee Count
53
as on Dec 31, 2022
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Products & Services of Specright
Specright offers a comprehensive portfolio of products and services, including Specification Data Management Platform, Packaging Management, Product Data Management, and Document Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing product specifications and sustainability reporting.
Tool to standardize SKUs and improve packaging sustainability.
System for handling raw materials and finished goods data.
Platform for managing expirations and supplier workflows.
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Funding Insights of Specright
Specright has successfully raised a total of $41.66M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $32.86 million completed in July 2021. 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 Total Funding
- Total Rounds 5
- Last Round Series B — $32.9M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series B - Specright | Valuation | Sageview Capital | |
| Apr, 2019 | Amount | Series A - Specright | Valuation | Pritzker Group | |
| Apr, 2018 | Amount | Series A - Specright | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Specright
Specright has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Sageview Capital, VMG Partners and Pritzker Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are pursued in Europe and the US.
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Founded Year | Domain | Location | |
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Multi-sector company acquisitions are managed by VMG Partners.
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Founded Year | Domain | Location | |
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Investments in SaaS, marketplace, and middle market companies are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Specright
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Specright
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Specright Comparisons
Competitors of Specright
Specright operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MarginEdge, BlackSquare, Redzone, Maad and Maritech Seafood, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS platform for restaurant invoice and inventory management is provided.
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| domain | founded_year | HQ Location |
SaaS solutions are delivered for the beverage industry's operations.
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| domain | founded_year | HQ Location |
Cloud-based digital production system for food and CPG manufacturers
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| domain | founded_year | HQ Location |
Online data collection and analysis are enabled for field operations.
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| domain | founded_year | HQ Location |
End-to-end software and financial solutions for seafood industry are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Specright
Frequently Asked Questions about Specright
When was Specright founded?
Specright was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Specright located?
Specright is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Is Specright a funded company?
Specright is a funded company, having raised a total of $41.66M across 5 funding rounds to date.
How many employees does Specright have?
As of Dec 31, 2022, the latest employee count at Specright is 53.
What does Specright do?
Specright was founded in 2014 in Irvine, United States, and focuses on the packaging industry. Cloud-based software for enterprise specification and data management is provided, including ERP and product lifecycle management tools. Features such as digital approvals, supplier management, workflows, analytics, and reporting are supported. Clients include EPE, Fiji Water, Cal-Organic Farms, HAAS, Gehl Foods, and Lamb Weston.
Who are the top competitors of Specright?
Specright's top competitors include MarginEdge, Redzone and Maritech Seafood.
What products or services does Specright offer?
Specright offers Specification Data Management Platform, Packaging Management, Product Data Management, and Document Management.
Who are Specright's investors?
Specright has 7 investors. Key investors include Sageview Capital, VMG Partners, Pritzker Group, Okapi Venture Capital, and Fika Ventures.
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