Specright Scores $30M

Tustin-based Specright, which develops specification management software, announced this morning that it has raised $30M in its Series B funding round. The funding was led by Sageview Capital, and also included VMG Catalyst, plus Pritzker Venture Capital Group, Okapi Venture Capital, Fika Ventures, and Mucker Capital. According to the company, the new funding will go towards doubling its headcount by early 2022. The company, led by founder nd CEO Matthew Right, says its software is used to digitize specification data, which typically has lived in spreadsheets and PDFs, including such information as raw material, ingredients, formulas, packaging, product, and machinery specifications.