Parchment
Latest round
- Series D
Last raised
- Dec 2013
Total raised
- $47M
Investors
- 9
About Parchment
Founded in 2003 and headquartered in Scottsdale, US, Parchment LLC provides a platform for managing educational and professional credentials. acquired Parchment LLC from Brentwood Associates for approximately USD 795 mn.Parchment offers a comprehensive credential management platform that includes secure issuance, verification, and sharing of various credentials such as transcripts, diplomas, digital badges, and certificates. The platform addresses challenges faced by educational institutions, improves student record management, automates document processes, and enhances transitions for students.Parchment generates revenue through service fees related to its credentialing platform, including subscription models for educational institutions that utilize the platform for credential management. The revenue structure accommodates both B2B and direct-to-consumer transactions, facilitating efficient credential issuing and receiving.Following the recent acquisition on October 30, 2023, by Instructure Holdings, Inc. for approximately USD 795 mn, Parchment plans to leverage this partnership to explore new solution categories. The acquisition is expected to support growth and expansion into new markets and product offerings, although specific details regarding upcoming products or geographic regions have not been disclosed.
Who invested in Parchment
9 investors across 5 rounds
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Questions about Parchment
Who invested in Parchment?
Parchment has 9 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Parchment raised?
Parchment has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Parchment last raise money?
Parchment's most recent round on record is a Series D, in Dec 2013.
What does Parchment do?
Founded in 2003 and headquartered in Scottsdale, US, Parchment LLC provides a platform for managing educational and professional credentials.
Where is Parchment headquartered?
Parchment is headquartered in Scottsdale, US.
Which VCs invest in companies like Parchment?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Parchment's stage. Their profiles are linked below.
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