- Parchment Inc., a provider of electronic transcripts has secured $23.5 million in a new round of funding led by The Rain Group.
- The company is investing $6 million in research and development for its Docufide and Avow platforms.
- Parchment claims to have facilitated the exchange of more than 6 million e-transcripts through Docufide and Avow.
From the article:
Parchment Inc., the transcript provider who recently acquired Avow Systems, has raised $23.5 million in its Series D round of funding led by The Raine Group. Joining Raine were GSV Capital Corp.; Deborah Quazzo, an education investor; and existing investors Novak Biddle, ICG Group, Inc., and Salmon River Capital. ...