Fundraising Fox
Parspec
Founded 2021 · 111 employees on LinkedIn · 7 known investors
Find your way into Parspec
Sign up to see every warm intro you have to Parspec
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Parspec team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Parspec is an AI-native platform for quoting, submittals, O&M packages, and project management used by MEP (mechanical, electrical, plumbing) distributors and rep agencies. It consolidates bidding, sales, and order management into a single workflow and integrates with ERP systems such as Eclipse, Prophet 21, and SAP.
Founders & leadership
Parspec was founded in 2021 by Forest Flager and Pratyush Havelia.
Investors · 7
How we know: Heartland Ventures's portfolio page · parspec.io · Not right? Tell us
How we know: Heartland Ventures S7's portfolio page · Not right? Tell us
How we know: HomeTeam Ventures's portfolio page · parspec.io · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: a partner's Signal profile · parspec.io · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: a partner's Signal profile · parspec.io · Not right? Tell us
Funding
SEC filings, press & company announcements$20M disclosed across 1 round · 2025
- $20MSeries AJul 2025 · 4 sources
Threshold Ventures (lead), Building Ventures, Heartland Ventures, Hometeam Ventures, Innovation Endeavors
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Parspec do?
- Parspec is an AI-native platform for quoting, submittals, O&M packages, and project management used by MEP (mechanical, electrical, plumbing) distributors and rep agencies. It consolidates bidding, sales, and order management into a single workflow and integrates with ERP systems such as Eclipse, Prophet 21, and SAP.
- Who founded Parspec?
- Parspec was founded by Forest Flager, Pratyush Havelia in 2021.
- Who are Parspec's investors?
- Parspec's investors include Heartland Ventures, Heartland Ventures S7, HomeTeam Ventures, Threshold Ventures, Building Ventures, Great Wave Ventures, Innovation Endeavors.
- How much funding has Parspec raised?
- Parspec has disclosed $20M raised across 1 round.