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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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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People of Parchment
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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.
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.
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Multiple sectors are targeted through private equity by Raine.
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US focused VC firm
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Investor details for Parchment
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Investments & Acquisitions by Parchment
Investment portfolio details for Parchment
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Financial Statements - Parchment
Detailed financials for Parchment
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Parchment Comparisons
Peer comparison for Parchment
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based software for K-12 education is provided.
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LMS and CRM solutions are provided for educational institutions.
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School devices and student activities are monitored via AI platform.
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Predictive analytics platform for personalised education advice
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Integrated edtech systems are provided for K-12 schools.
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SaaS-based platform offering management solutions for schools
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Detailed competitors of Parchment
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Latest news on 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.
As of Dec 31, 2022, the latest employee count at Parchment is 226.
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.