Sageview Capital was the lead, with participation by VMG Catalyst. Okapi Venture Capital Group, Pritzker Venture Capital Group and Mucker Capital. Scott Stuart, Sageview’s Managing Partners and Co-Founder, will join the board as part of this financing.
The company intends to use the money to expand its workforce and operations around the world as the leading specialist in Specification Management software.
Specright is a cloud-based Specification Management Software that coordinates and distributes information among suppliers, manufacturers, and retailers. It’s led by Matthew Wright, the Director and CEO. This platform allows companies from many industries to digitize specifications that are typically stored in spreadsheets or PDFs.
SKU can consolidate and show the relationships between different specifications within a company using its proprietary data framework. Once specifications have been digitalized, customers can communicate with their suppliers, colleagues, as well as other key partners like co-manufacturers and retailers.
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