SPECRIGHT: RAISES $30M IN SERIES B FUNDING

Specright Raises $30M in Series B Funding.

• Specright, located in Tustin, CA, a company that offers specification Management software, has raised $30 million in Series B financing.
• This round was led by Sageview Capital, with participation from VMG Catalyst, Pritzker Venture Capital Group, Okapi Venture Capital, Fika Ventures, and Mucker Capital.
• In connection with the investment, Scott Stuart, Managing Partner and Co-Founder of Sageview, is expected to join the board of Specright.
• The tech company plans to use the funds to increase the size of its staff by 2022 and expand its global operations as a leader in Specification Management software.
• The company offers cloud-based specification Management software that handles and shares information about the supply chain across manufacturers, suppliers, and retailers.
• The platform allows companies from diverse industries to digitally digitize specifications usually stored in PDFs or spreadsheets.

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