About Parchment
Parchment is a company based in Phoenix (United States) founded in 2003 was acquired by Instructure in October 2023.. 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 as of December 31, 2022. Parchment operates in a competitive market with competitors including PowerSchool, Anthology, GoGuardian, Civitas Learning and LEAD School, among others.
- Headquarter Phoenix, United States
- Employees 226 as on 31 Dec, 2022
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$83.55 M (USD)
in 8 rounds
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Latest Funding Round
$7 M (USD), Debt – Conventional
Apr 10, 2019
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Investors
Instructure
& 7 more
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Employee Count
226
as on Dec 31, 2022
- Acquired by
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Software Development Team
69 people
Leadership Team
62 people
Product Management Team
50 people
Sales and Marketing
31 people
Senior Team
30 people
Human Resources and Administration
10 people
Manager Team
10 people
Customer Team
10 people
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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 Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $7.0M
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First Round
First Round
(04 Feb 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Debt – Conventional - Parchment | Valuation |
investors |
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| Apr, 2017 | Amount | Series D - Parchment | Valuation |
investors |
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| Mar, 2016 | Amount | Series D - Parchment | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are targeted through private equity by Raine.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parchment
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parchment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parchment Comparisons
Competitors of Parchment
Parchment operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PowerSchool, Anthology, GoGuardian, Civitas Learning and LEAD School, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for K-12 education is provided.
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| domain | founded_year | HQ Location |
LMS and CRM solutions are provided for educational institutions.
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| domain | founded_year | HQ Location |
School devices and student activities are monitored via AI platform.
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| domain | founded_year | HQ Location |
Predictive analytics platform for personalised education advice
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| domain | founded_year | HQ Location |
Integrated edtech systems are provided for K-12 schools.
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| domain | founded_year | HQ Location |
SaaS-based platform offering management solutions for schools
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parchment
Frequently Asked Questions about Parchment
When was Parchment founded?
Parchment was founded in 2003 and raised its 1st funding round 8 years after it was founded.
Where is Parchment located?
Parchment is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
Is Parchment a funded company?
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 D of $12M, raised on Feb 04, 2011.
How many employees does Parchment have?
As of Dec 31, 2022, the latest employee count at Parchment is 226.
What does Parchment do?
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.
Who are the top competitors of Parchment?
Parchment's top competitors include PowerSchool, LEAD School and GoGuardian.
Who are Parchment's investors?
Parchment has 8 investors. Key investors include Instructure, Canadian Imperial Bank of Commerce, SuRo Capital, Actua, and The Raine Group.
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