Specright raises funding to bring technology to packaging industry

Posted on 
February 28, 2017
Matthew Wright
Founder & CEO, Specright

Today we are thrilled to announce that Specright has secured funding from Mucker Capital, Okapi Venture Capital, and Fika Ventures to deliver enhanced packaging supplier management tools and supply chain analytics.

We began with the mission to provide a faster, more accurate way to manage packaging data across a supply chain. To do this, we have built a specification data management company from the ground up on a modern technology backbone.

Everything you buy comes in a package. Every box, bottle, and bag has a spec. And, those packaging specs are poorly managed with shared folders containing spreadsheets and PDFs. The world of global logistics and packaging is dominated by telephones, fax machines, and filing cabinets.

Specright replaces the disorder with technology, offering software with the services of experienced packaging experts.

This new funding round gives us the confidence to invest even more aggressively in our business model that combines both technology and deep domain expertise. Specright will illuminate the blind spots goods-producing companies have when it comes to packaging and help them take back their data.We provide specification data management services to some of the fastest growing brands in Food & Beverage, Consumer Goods, Agriculture, Biotechnology, Healthcare, Automotive, Manufacturing, and Cosmetics like Flowers Foods (Wonder Bread, Nature's Own), J&J Snacks (ICEE, SuperPretzel), Rodan + Fields, Grimmway Farms, and The Wonderful Company (FIJI Water, JUSTIN Wines, POM Wonderful) to name a few.

Specright’s development team is constantly improving our platform and automating away processes traditionally carried out through mechanical repetition. The results are fewer errors, elevated compliance standards, reduced delays, and dramatically lower transaction costs.

We are honored to have world-class investors supporting us on this challenging and rewarding adventure.


Matthew Wright

Matthew Wright is the founder & CEO of Specright, the first cloud-based platform for Specification Management. Specright has been recognized by Fast Company’s prestigious Most Innovative Companies list, named a Gartner Cool Vendor, and as one of the Top Places to Work by the OC Register and Built in LA. Wright is also a published author and his book, “The Evolution of Products and Packaging,”was named to the Amazon Hot New Release List for Industrial Relations Business and has a five star rating. 

Prior to founding Specright, Wright spent more than 25 years in the packaging industry, holding leadership positions at International Paper, Temple Inland, and rightPAQ — a packaging company he co-founded. He has also been involved in leading multiple M&A deals in the packaging industry, currently sits on the MSU School of Packaging and Industry Advisory Board and previously served on the Packaging Advisory Board at Cal-Poly San Luis Obispo.

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