Parspec raises $20M in Series A funding led by Threshold Ventures to enhance its AI-native platform for construction product procurement.
Amount Raised
$20 Million
Round Type
Series A
San Mateo CountyManufacturingConstructionBuilding MaintenanceBuilding MaterialCivil EngineeringInvestors
Description
Parspec, a San Mateo, CA-based AI-native software platform, raised $20M in Series A funding. The round was led by Threshold Ventures, with participation from existing investors. The funds will expand the platform for better collaboration in the construction sector. Parspec supports hundreds of distributors and has seen 4x revenue growth in the past year.
Quick answer
Parspec raised $20 Million in a Series A round, dated July 8, 2025. Investors: Innovation Endeavors, Building Ventures, Heartland Ventures, Hometeam Ventures and Threshold Ventures. Parspec is based in San Mateo County, California, United States.
- How much did Parspec raise?
- Parspec raised $20 Million in a Series A round on July 8, 2025.
- Who invested in Parspec?
- Innovation Endeavors, Building Ventures, Heartland Ventures, Hometeam Ventures and Threshold Ventures are named as investors in this round.
- What does Parspec do?
- Parspec is revolutionizing the materials supply chain for the $15 trillion global construction industry by digitizing and organizing the industry's product data.
- Where is Parspec based and how big is it?
- Parspec is based in San Mateo County, California, United States. Fundz records about 73 employees.
- Who are the decision-makers at Parspec?
- Fundz holds 1 contact at Parspec. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Construction and Building Maintenance around the same time
Companies in the same sectors as Parspec that raised within 45 days of this round, from Fundz verified event records.
- HydroBlok raised $6M (Series A) on June 17, 2025.
- Aecon Group raised $5.5M on August 7, 2025.
- Fiber Elements raised $3M (Seed) on July 17, 2025.
- Dextall raised $15M (Series A) on July 11, 2025.
- Terra CO2 raised $125M (Series B) on July 2, 2025.
- Hella Infra Market raised $150M (Debt Financing) on June 30, 2025.
Who to call at Parspec, and when
A new round usually means Parspec is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Parspec raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Parspec, from your own LinkedIn network
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Funding Insights
What this usually meansParspec raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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