Digital Transcript Service Parchment Raises $23.5M Series D

PARCHMENT: $23.5 million to Scottsdale, AZ-based Parchment in Series D round led by The Raine Group, with GSV Capital, and Debrorah Quazzo participating, along with existing investors Novak Biddle, ICG Group, Inc., and Salmon River Capital. The company has now raised $34 million since 2010. The press release states that over 9,000 K-12 and postsecondary schools currently use Parchment's electronic transcript services to request and share academic credentials.

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