When was Parspec founded?

Parspec was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Parspec located?

Parspec is headquartered in San Francisco, United States. It is registered at 5209 E. Caley Ave., Centennial, CO 80121, US.

Who is the current CEO of Parspec?

Forest Flager of Parspec. They have also founded 1 company.

How many employees does Parspec have?

As of May 31, 2026, the latest employee count at Parspec is 105.

Is Parspec a funded company?

Parspec is a funded company, having raised a total of $31.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 17, 2021.

When was the latest funding round of Parspec?

Parspec's latest funding was a $***** Series A round on Jul 08, 2025, with participation from 6 investors. Its primary sector is Construction Tech. In United States, the Construction Tech sector has seen $595M in funding in 2026 to date.

Where does Parspec rank among its competitors?

Parspec ranks 1st amongst 26 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Parspec, which secured $20M in Jul, 2025.

Who are the top competitors of Parspec?

Parspec's top competitors include BCMI Corporation, Ant home and DDX Software Solutions. Among them, Parspec secured the most recent funding round in July, 2025.

Parspec - 2026 Company Profile, Team, Funding & Competitors

Parspec is a series A company based in San Francisco (United States), founded in 2020 by Pratyush Havelia and Forest Flager. It operates as a Developer of software for managing construction project quoting and submittals. Parspec has raised $31.5M in funding from investors like Innovation Endeavors, Heartland Ventures and Threshold. The company has 26 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like BCMI Corporation, Ant home and DDX Software Solutions.

Company Details

Developer of software for managing construction project quoting and submittals. The platform automates the creation of project documentation and tracks order fulfillment, billing, and changes. It integrates with existing enterprise resource planning systems to centralize project data and streamline communication between manufacturers and distributors. The software assists in processing complex requests by digitizing product information and managing the lifecycle of project bids.

Website: www.parspec.io/
Email ID: *****@parspec.io
Registered Address: 5209 E. Caley Ave., Centennial, CO 80121, US

Key Metrics

Founded Year

2020

Location

San Francisco, United States

Stage

Series A

Total Funding

$31.5M in 3 rounds

Latest Funding Round

Series A, Jul 08, 2025, $*****

Investors

Innovation Endeavors & 6 more

Ranked

1^st among 26 active competitors

Employee Count

105 as on May 31, 2026

Similar Companies

Buildots & 178 more

View Parspec's full profile

Parspec is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PARSPEC INDIA PRIVATE LIMITED CIN: U72502UP2021FTC156606 , India, Active	Dec 08, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
Parspec, Inc CIN: 20211361361 , United States, Active	Apr 15, 2021	-	11 (As on Dec 31, 2023)	-

Parspec has raised a total funding of $31.5M over 3 rounds. Its first funding round was on Sep 17, 2021. Its latest funding round was a Series A round on Jul 08, 2025 for $*****. 6 investors participated in its latest round. Parspec has 7 institutional investors.

Here is the list of recent funding rounds of Parspec:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2025	7433970	Series A	6778520	9076437	6014074	8469696
Feb 27, 2024	5566474	Seed	1972910	6590489	3632068	Building Ventures & 2 more
Sep 17, 2021	8405918	Seed	8302704	7078913	Heartland Ventures & 1 more	3273589

Access funding benchmarks and valuations. Sign up today!

View details of Parspec's funding rounds and investors

The founders of Parspec are Pratyush Havelia and Forest Flager. Forest Flager is the CEO of Parspec.

Here are the details of Parspec's key team members:

Pratyush Havelia: Co-Founder & CTO of Parspec.
Contact Info: 1 email address
Forest Flager: Co-Founder & CEO of Parspec.
Contact Info: 1 email address

View details of Parspec's Founder profiles and Board Members

Parspec's employee count trend

Parspec has 105 employees as of May 26. Here is Parspec's employee count trend over the years:

Uncover Parspec's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Parspec include BCMI Corporation, Ant home and DDX Software Solutions. Here is the list of Top 10 competitors of Parspec, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Parspec 2020, San Francisco (United States), Series A	Developer of software for managing construction project quoting and submittals	$31.5M	Threshold, Great Wave Ventures & 5 others	63/100
2nd	BCMI Corporation 2014, Bellingham (United States), Series B	Provider of cloud-based management solution for building material industry	$14.8M	-	57/100
3rd	Ant home 2015, Tianjin (China), Seed	Tech-enabled logistics and supply chain services for home decor and building materials	$10M	-	32/100
4th	DDX Software Solutions 2001, Brembate (Italy), Unfunded	Developer of software solutions for the operators of the building materials industry	-	-	30/100
5th	Ramex 2007, Russia, Unfunded	Provider of CRM system for construction building materials	-	-	30/100
6th	Flitch 2022, Altadena (United States), Seed	Management solutions for construction building material providers	$3.16M	-	28/100
7th	Revalu 2021, Hamburg (Germany), Unfunded	SaaS-based operations management solutions for construction building material suppliers	-	-	28/100
8th	Border Merchant Systems 1990, Monmouth (United Kingdom), Acquired	Provider of management software for building materials merchants	-	-	26/100
9th	Flitch 2023, Marina Del Rey (United States), Funding Raised	Operations management solutions for building material suppliers	-	Fractal Software	25/100
10th	Santri Solucoes 2004, Goiania (Brazil), Unfunded	Technology company offering software solutions for construction materials	-	-	23/100