Parchment, a Scottsdale, AZ-based provider of tools to streamline the request, delivery and sharing of verified credentials such as transcripts, diplomas and certifications, closed a $10m funding.
The round was led by global merchant bank The Raine Group, with participation from Novak Biddle Venture Partners, Salmon River Capital, GSV Capital and ICG Holdings, Inc.
The company, which has now raised $45m, intends to use the funds to accelerate the development of new product offerings, resources and tools.
Led by CEO Matthew Pittinsky, Parchment provides more than 5,500 education institutions and organizations nationwide with a platform to offer consumers a way to request, deliver and verify transcripts.
Currently, consumers can visit Parchment.com and create a profile to share and deliver verified high school and college transcripts and other necessary information and credentials. Beyond sharing and delivering verified transcripts and credentials, the platform’s tools allow users to access other information about college admissions, such as personalized college searches.
The company also has offices in Roseville, CA, Denver, CO, Grand Rapids, MI, Toronto, ON and Washington, DC.