Specright raises funding to bring technology to packaging industry

Posted on February 28, 2017
  • February 28, 2017

Specright raises funding to bring technology to packaging industry

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Specright raises round to fix the user experience in packaging.

-by Matthew Wright | Founder & CEO

Specright secures funding for packaging spec system

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 is the Founder and CEO of Specright,
the spec system for the digital world.