About Parchment
Parchment is an Education company based in Phoenix (United States) founded in 2003, and was acquired by Instructure in October 2023. It operates as an electronic transcripts are verified and shared securely through Parchments platform. Parchment has raised $83.55 million across 8 funding rounds from investors including Instructure, Canadian Imperial Bank of Commerce and SuRo Capital. The company has 226 employees. Its website parchment.com draws about 5.3 million monthly visits. Its focus areas include EdTech, Higher Education Tech, College IT and Admin Solutions. Its competitors include PowerSchool, Anthology, GoGuardian, Civitas Learning and LEAD School and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Parchment enables the secure, rapid exchange of millions of electronic transcripts electronically as well as on paper. Credentials can be sent to official destinations like admissions offices and licensing agencies electronically. Status of the shipment can be tracked. All credentials like academic transcripts, co-circular transcripts, diploma certificates can be stored in a single location. Provides analytics for discovering colleges to the students according to their performance which enables them to judge their chances of being admitted to a particular university. Has a methodology for choosing between the two schools depending on the past years admits information. Partnered with 3400 high schools and 2400 colleges worldwide and used by 3M individuals.
- Headquarters Phoenix, United States
- Employees 226
- SectorsEducation
- Website category Science and Education · Universities and Colleges
- Website parchment.com
- Social LinkedIn X Facebook Instagram
- Acquired by Brentwood Associates (Feb 2020)
- Total Equity Funding$83.55M (USD)
in 8 rounds
- Latest Funding Round$7M (USD), Debt – Conventional
Apr 2019
- InvestorsInstructure
& 7 more
- Employee Count226
- Acquired by
Funding Insights of Parchment
Parchment has successfully raised a total of $83.55M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $83.55M
- Total Rounds 8
- Last Round Debt – Conventional — $7M
- First Round $4.5M
(Feb 2011)
- Investors Count 6
All 8 funding rounds of Parchment with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $7M | Debt – Conventional | – | – | |
| Apr 2017 | $14.5M | Series D | – | – | – |
| Mar 2016 | $12M | Series D | – | – | – |
| Mar 2014 | $10M | Series D | – | Raine | |
| Jan 2014 | $35M | Series D | – | Raine | |
| Apr 2012 | $1.55M | Series C | – | – | – |
| Dec 2011 | $6M | Series C | – | Salmon River Capital, Novak Biddle Venture Partners | – |
| Feb 2011 | $4.5M | Series B | – | – | – |
8 investors in total: 8 institutional.
Investors in Parchment
Parchment has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Instructure, Canadian Imperial Bank of Commerce and SuRo Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are targeted through private equity by Raine. | – | raine.com | New York, United States | |
US focused VC firm | – | novakbiddle.com | Bethesda, United States | |
- | – | salmonrivercapital.com | - | |
Venture capital fund focused on multiple sectors | – | surocap.com | San Francisco, United States | |
Brentwood Associates is engaged in growth-oriented private equity investments. | – | brentwood.com | Los Angeles, United States | |
Commercial banking services are provided to individuals and businesses. | 1867 | cibc.com | Toronto, Canada | |
Cloud solutions provided to insurance, public sector, and compliance industries. | 1996 | actua.com | Radnor, United States | |
Cloud-based learning management systems are provided for educational courses. | 1999 | instructure.com | Salt Lake City, United States |
Investor details for Parchment
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of Parchment
361 people are tracked at Parchment (119 in leadership, 1 in board & advisors, 241 in team); the tracked headcount is 226.
| Name | Role | Group |
|---|---|---|
Rob Cote | Director, Client Services | Leadership |
Shiren Vijiasingam | Chief Product Officer | Leadership |
Andrea Fenwick | Director, Global HR Service Delivery | Leadership |
Matthew Pittinsky | Chief Strategy Officer | Leadership |
Sidharth Oberoi | Sector Strategy Vp, Global Strategy | Leadership |
David Demres | Head Of Strategic Initiatives | Leadership |
Nicole Adams | Sr. Director, Corporate Dev & Partnerships | Leadership |
Christopher Downs | Vice President Of Strategic Growth | Leadership |
Tahnee Sumner | Global Director Of Talent Acquisition | Leadership |
Arohi Desai | Director Of Product Management | Leadership |
Jill Harnish | Director, Global Payroll | Leadership |
Kriszta Jakab | Senior People Business Partner, R&d | Leadership |
Harrison Kelly | Managing Director, APAC | Leadership |
Kevin Meredith | Director Of Product Marketing | Leadership |
Alex Liberatore | Director Fp&a, P&l | Leadership |
Andy Kuritzky | Senior Director Product, Platform | Leadership |
Stephanie Liosatos | Marketing Director, APAC | Leadership |
Steve Daly | Chief Executive Officer | Leadership |
Melissa Loble | Chief Academic Officer | Leadership |
Zach Pendleton | Chief Architect | Leadership |
341 more people are available in the full profile.
Complete people profiles for Parchment
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Parchment
5 dated milestones of Parchment across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Parchment is founded.
- Funding First funding round of $4.5M.
- Funding Latest funding round, Debt – Conventional, of $7.0M.
- Exit Acquired by Brentwood Associates.
- Exit Acquired by Instructure.
Competitors of Parchment
Parchment has 9 listed competitors in our database, 8 of them funded. They include PowerSchool, Anthology, GoGuardian, Civitas Learning and LEAD School, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| powerschool.com | 1997 | Folsom, United States | $32M | 2,270 | Cloud-based software for K-12 education is provided. | |
| anthology.com | 1996 | Boca Raton, United States | $128.6M | – | LMS and CRM solutions are provided for educational institutions. | |
| goguardian.com | 2014 | Los Angeles, United States | $200M | 237 | School devices and student activities are monitored via AI platform. | |
| civitaslearning.com | 2011 | Austin, United States | $93.2M | 256 | Predictive analytics platform for personalised education advice | |
| leadschool.in | 2012 | Mumbai, India | $172.01M | 1,141 | Integrated edtech systems are provided for K-12 schools. | |
| frontlineeducation.com | 1998 | Malvern, United States | – | 799 | SaaS-based platform offering management solutions for schools | |
| 2u.com | 2008 | Annapolis, United States | $100.91M | 2,364 | Learning platforms are provided for students from preschool to college. | |
| educationdynamics.com | 2005 | Hoboken, United States | $110.5M | – | Prospecting and student retention platform for educational institutions | |
| classera.com | 2011 | San Francisco, United States | $40M | – | Management software and e-learning platforms are delivered for educational institutions. |
Detailed competitors of Parchment
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Parchment
The website of Parchment (parchment.com) receives about 5.3M visits a month and ranks #10,929 among all websites worldwide, #529 in Universities and Colleges.
- Monthly visits5.3M
▲ 29.1% vs previous month
- Unique visitors2M
per month
- Global rank#10,929
among all websites
- Category rank#529
Science and Education · Universities and Colleges
- Bounce rate35%
- Pages per visit5.4
- Average visit4 min 06 sec
- DevicesDesktop 67% · Mobile 33%
Websites whose visitors overlap most with Parchment. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| commonapp.org | 100% | 13.1M | #2,539 | View details | |
credentials-inc.com | credentials-inc.com | 88% | – | #428,617 | – |
| needmytranscript.com | 88% | – | #360,623 | View details | |
studentclearinghouse.org | studentclearinghouse.org | 84% | – | #21,325 | – |
| cappex.com | 80% | 12.4K | #1,345,284 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Parchment
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Education Technology Platforms
10 companies that operate in the same segment as Parchment (Education Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 311.77 M | USD 415.66 M | 10,293 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 107.78 M | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | – | |
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.32 M | USD 43.22 M | 1,149 | |
Cloud-based learning management systems are provided for educational courses. | 1999 | Salt Lake City, Utah, United States | USD 88.85 M | – | – | |
High-quality K-12 curriculum and assessments are provided by Amplify. | 2000 | Brooklyn, New York, United States | USD 215 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
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Related news about Parchment
Complete news archive for Parchment
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Frequently Asked Questions about Parchment
Parchment was founded in 2003 and raised its 1st funding round 8 years after it was founded.
Parchment is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
Parchment is a funded company, having raised a total of $83.55M across 8 funding rounds to date. The company's 1st funding round was a Series B of $4.5M, raised on Feb 2011.
Parchment has 226 employees.
Parchment enables the secure, rapid exchange of millions of electronic transcripts electronically as well as on paper. Credentials can be sent to official destinations like admissions offices and licensing agencies electronically. Status of the shipment can be tracked. All credentials like academic transcripts, co-circular transcripts, diploma certificates can be stored in a single location. Provides analytics for discovering colleges to the students according to their performance which enables them to judge their chances of being admitted to a particular university. Has a methodology for choosing between the two schools depending on the past years admits information. Partnered with 3400 high schools and 2400 colleges worldwide and used by 3M individuals.
Parchment's top competitors include PowerSchool, LEAD School and GoGuardian.
Parchment has 8 investors. Key investors include Instructure, Canadian Imperial Bank of Commerce, SuRo Capital, Actua, and The Raine Group.
Yes. Parchment was acquired by Brentwood Associates in February 2020.
The website of Parchment receives about 5.3 million visits a month and ranks #10,929 among all websites worldwide.