# Specright

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/specright

- Industry: Software
- Headquarters: Tustin, US
- Website: www.specright.com
- Total disclosed funding: $39M
- Latest round: Series B (Jul 13, 2021)
- Investors on record: 7

## About

Specright LLC is a technology company specializing in Specification Data Management, providing a platform that enhances collaboration and efficiency in managing product and packaging specifications for various industries.Specright LLC, founded in 2014 by Matthew Wright, operates from Tustin, California, US. The company focuses on Specification Data Management, allowing organizations to streamline product and packaging specifications. In June 2022, Santa Barbara Venture Partners exited its stake in Specright. The company has successfully completed six deals, with the latest funding round, Series B, raising USD 30.00 mn led by Sageview Capital.Specright offers a comprehensive Specification Data Management Platform designed to streamline the management of product and packaging specifications across industries such as food and beverage, beauty, consumer goods, and life sciences. The platform centralizes specification data, enhancing collaboration throughout the supply chain with features like packaging management, document management, and bill of materials management. Their solutions have been adopted by various clients, including Fortune 500 companies and private label retailers, particularly in North America, Europe, and parts of Asia.Specright's revenue model is based on subscription services for its Specification Management Platform, designed for B2B clients across multiple industries. Clients engage in annual or multi-year subscription agreements, which provide essential tools for managing specifications and collaborating with suppliers. While specific pricing plans are not disclosed, the model typically includes tiered plans to cater to different business needs, focusing on optimizing supply chain processes and enhancing data accuracy.Specright is planning to launch new features in its platform aimed at further enhancing supply chain efficiency and data management capabilities. The company is also targeting expansion into additional markets in Europe and Asia by the end of 2023. The recent Series B funding round raised USD 30.00 mn will be utilized to support these product developments and geographic expansions.

## Funding rounds

- Series B, Jul 13, 2021, $30M — Pritzker Group Venture Capital, VMG Partners, Okapi Venture Capital, Sageview Capital, Mucker Capital, Fika Ventures
- Series A, Jan 25, 2021, $0.7M — Santa Barbara Venture Partners
- Series A, Apr 29, 2019, $8.8M — Pritzker Group Venture Capital, Okapi Venture Capital, Mucker Capital, Fika Ventures
- Seed, Feb 17, 2017 — Fika Ventures

## Investors

- Fika Ventures (https://capitalatlas.ai/funds/fika-ventures) — Seed, Series A, Series B
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A, Series B
- Okapi Venture Capital (https://capitalatlas.ai/funds/okapi-venture-capital) — Series A, Series B
- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Series A, Series B
- Santa Barbara Venture Partners (https://capitalatlas.ai/funds/santa-barbara-venture-partners) — Series A
- VMG Partners (https://capitalatlas.ai/funds/vmg-partners) — Series B
- Sageview Capital (https://capitalatlas.ai/funds/sageview-capital) — Series B