Specright provides cloud-based Specification Management software that manages and shares supply chain data across suppliers, manufacturers, and retailers. The platform digitizes specification data that typically lives in spreadsheets or PDFs, including raw materials, ingredients, formulas, packaging, product, and machinery specifications. Its patented data framework enables SKU consolidation and visibility into relationships among different specifications across an organization. Once specifications are digitized, customers can share specs with colleagues, suppliers, and partners such as retailers or co-manufacturers. The company raised $30M in a Series B and plans to use the funds to double headcount by early 2022 and expand operations globally. Specright is led by founder and CEO Matthew Wright and is headquartered in Tustin, CA. Specright provides a cloud-based SaaS platform that enables companies to digitize critical specifications—product, packaging, formula, and ingredients—to ensure data quality within the organization and across its supply chain. Led by founder and CEO Matthew Wright, the platform lets customers leverage data and workflows to create efficiencies, reduce costs, drive sustainability, ensure product quality, and develop new products. The company raised $8.8M in a Series A to accelerate product development. As part of its growth plan, Specright intends to expand operations globally and grow headcount from 30 to 75 employees by early 2020. Gabe Greenbaum of Pritzker Group Venture Capital will join Specright’s board following the financing.

Total raised

$39M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2021