Specright, Inc., an Irvine, Calif.-based software company that enables customers to control critical supply chain specifications such as packaging, products, and raw materials, raised $8.8m in Series A funding.
The round was led by Pritzker Group Venture Capital (PGVC), with participation from previous investors Okapi Venture Capital, Fika Ventures, and Mucker Capital. In conjunction with the funding, Gabe Greenbaum, PGVC’s Los Angeles based Partner, will be joining Specright’s board.
The company intends to use the funds to accelerate product development, grow the team from 30 to 75 employees by early 2020, and expand operations globally.
Led by Matthew Wright, founder and CEO, Specright provides a cloud-based SaaS platform that enables companies to digitize critical specifications such as product, packaging, formula, and ingredients to ensure data quality within the organization and across its supply chain.
Customers can then leverage data and workflows to create efficiencies, reduce costs, drive sustainability, ensure product quality, and develop new products.