The Venture Codex

Participated · Series A · Jul 2025

Parspec provides an AI-native platform that automates quoting, product selection, and submittal preparation for wholesale distributors and sales agents in construction. The company uses multimodal AI models to extract requirements from design drawings and specification documents and then surfaces ranked compliant products from a catalog of over 6 million items. Parspec maintains an automated data pipeline that extracts and organizes product information from thousands of manufacturer websites daily to keep its catalog current. Customers report 50–100% improvements in labor productivity, and the company has delivered 4x revenue growth over the past 12 months while supporting hundreds of distributors and sales agents, including four of the five largest U.S. electrical distributors. Parspec plans to invest Series A capital primarily into product development to support the full order lifecycle, building Distributor Order Management and a Contractor Portal, with commercial launches expected by the end of 2025. The company is developing these products in close collaboration with existing customers such as Rexel, Border States, U.S. Electrical Services, and Crescent Electric Supply. Parspec is an AI-powered software platform that streamlines the selection and sale of construction products, focusing on procurement workflows for sales agencies and distributors. The platform uses cutting-edge NLP, computer vision, LLM-based document summarization, image-based and contextual searches, and a personalized recommender across a live database of over 2 million configurable product families. Parspec is initially focused on lighting and electrical products and is working with three of the top ten lighting agencies and four of the five largest U.S. electrical distributors, including Sonepar, Graybar, Rexel, and CED. The company says its technology reduces labor by more than 50% versus manual methods, cuts time to quote in half, and enables teams to bid 6–15% more jobs while improving win rates. Customers report increases to top-line revenue and profitability and describe the product as critical to their business. Parspec was founded in 2021 and is headquartered in San Mateo, California.

Led · Seed · Jan 2025

Foyer offers a dedicated savings platform for prospective homebuyers that lets users create target savings goals, access personalized guidance on saving and mortgage information, and earn rewards usable toward a home purchase. The company operates a subscription model for members seeking additional support and can connect users with real estate professionals. Founder Landy Liu, who launched Foyer after pausing his own home purchase, is both CEO and an early user of the product. Foyer launched last year in Michigan and has since expanded nationwide, claiming more than 10,000 users. The product positions itself as a “401k for homeownership,” combining high-yield savings, education, and strategic partnerships. The company says the new capital will be used to expand and enhance product features.

Participated · Seed · Aug 2023

BuildCasa operates a service that helps homeowners build and sell backyard homes (ADUs) by partnering with local builders and handling the entire lot split and sale process, including permitting, surveying, architectural design, mortgage-lender coordination, and finding buyers. The company leverages proprietary data-science tools to identify eligible homeowners and lots, assess project feasibility, and determine the type of BuildCasa-designed home suitable for each property. BuildCasa is not a construction firm; it outsources building to local contractors while owning the end-to-end customer experience. The startup recently emerged from stealth and has signed agreements with 30 homeowners; it reports an average city planning approval time of 49 days using its streamlined permitting automation. BuildCasa says homeowners can earn up to six figures from lot sales, and the product has particular resonance with seniors on fixed incomes; high interest rates have also created a tailwind as homeowners seek ways to tap equity without giving up low mortgages. The company is expanding beyond its initial Sacramento market into the Bay Area and the Inland Empire.

Participated · Series A · Jun 2022

Stake operates a vertically integrated renter platform that now spans apartment search, lease signing, rent payments, and everyday financial wellness. Through its recent acquisition of apartment-locating service UMoveFree and Lighthouse, Stake can surface cash-back deals at the start of a renter’s search and continue rewarding them for on-time rent payments via its FDIC-insured Stake Checking account. The network encompasses more than 550,000 homes nationwide and has delivered tens of millions of dollars in rewards, with UMoveFree alone having served over 5 million renters and paid out $35 million in cash back. Stake reported 4× year-over-year revenue growth in 2025, underscoring accelerating adoption of its platform. Key renter features include immediate cash back at lease signing, automatic credit reporting on rent, and no-fee banking services. For property owners, Stake provides a Loyalty Cloud dashboard and Stake+ incentive engine that align renter savings with property performance. The company plans to use new capital to integrate UMoveFree’s demand engine, expand deal-based rental discovery into additional markets, and accelerate development of its renter savings products.