Latka logo

How Parchment Inc. CEO Matthew Pittinsky grew Parchment Inc. to $44.5M revenue and 10K customers in 2024.

Parchment is a company that provides a secure and reliable end-to-end credentials support. It is the largest credential exchange in the world and offers a platform for higher education credential issuing, admissions, and enrollment.

Last updated

Parchment Inc. Revenue

In 2024, Parchment Inc.'s revenue reached $44.5M. The company previously reported $26.5M in 2023. Since its launch in 2003, Parchment Inc. has shown consistent revenue growth.

Parchment Inc. Revenue GrowthReported revenue / ARR by year$0$10M$20M$30M$40M$50M200320052007200920112013201520172019202120232024$0$18M$45MSource: GetLatka.com
YearMilestone
2024Parchment Inc. Hit $44.5m revenue in October 2024
2023Parchment Inc. Hit $26.5m revenue in October 2023
2021Parchment Inc. Hit $17.8m revenue in April 2021
2003Launched with $0 revenue

Parchment Inc. Valuation, Funding Rounds

Parchment Inc. has not publicly disclosed its valuation. The company has raised $66.1M in total funding to date.

Parchment Inc. has raised $66.1M in total funding across 6 rounds, with its most recent round in 2019.

Parchment Inc. Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$15M$30M$45M$60M$75M2003200520072009201120132015201720192003 cumulative: $0 • 2003 Founded: $02011 cumulative: $5M • 2003 Founded: $0 • 2011 Funding round: $5M2011 cumulative: $11M • 2003 Founded: $0 • 2011 Funding round: $5M • 2011 Funding round: $6M2012 cumulative: $12M • 2003 Founded: $0 • 2011 Funding round: $5M • 2011 Funding round: $6M • 2012 Funding round: $2M2014 cumulative: $47M • 2003 Founded: $0 • 2011 Funding round: $5M • 2011 Funding round: $6M • 2012 Funding round: $2M • 2014 Funding round: $35M2016 cumulative: $59M • 2003 Founded: $0 • 2011 Funding round: $5M • 2011 Funding round: $6M • 2012 Funding round: $2M • 2014 Funding round: $35M • 2016 Funding round: $12M2019 cumulative: $66M • 2003 Founded: $0 • 2011 Funding round: $5M • 2011 Funding round: $6M • 2012 Funding round: $2M • 2014 Funding round: $35M • 2016 Funding round: $12M • 2019 Funding round: $7M$66M2003 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2019Funding round$7M--
2016Funding round$12M--
2014Funding round$35M--
2012Funding round$1.6M--
2011Funding round$6M--
2011Funding round$4.5M--

Parchment Inc. Employees & Team Size

Parchment Inc. employs approximately 251 people as of 2026, down from 336 in 2023.

Parchment Inc. has 251 total employees in different roles and functions and 45 sales reps that carry a quota. They have 10K customers that rely on the company's solutions.

Parchment Inc. Team GrowthReported headcount over time07515022530037520032005200720092011201320152017201920212023202400251251Source: GetLatka.com
YearMilestone
2024Reached 251 employees (December 2024)
2024Reached 336 employees (October 2024)
2023Reached 336 employees (October 2023)
2022Reached 308 employees (October 2022)
2021Reached 271 employees (December 2021)
2021Reached 212 employees (April 2021)

Founder / CEO

Matthew Pittinsky

Matthew Pittinsky is listed as Founder / CEO at Parchment Inc..

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

See how Parchment Inc. acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.

Locked

Frequently Asked Questions about Parchment Inc.

What is Parchment Inc.'s revenue?

Parchment Inc. generates $44.5M in revenue.

Who founded Parchment Inc.?

Parchment Inc. was founded by Matthew Pittinsky.

Who is the CEO of Parchment Inc.?

The CEO of Parchment Inc. is Matthew Pittinsky.

How much funding does Parchment Inc. have?

Parchment Inc. raised $66.1M.

How many employees does Parchment Inc. have?

Parchment Inc. has 251 employees.

Where is Parchment Inc. headquarters?

Parchment Inc. is headquartered in Scottsdale, Arizona, United States.

People Also Viewed

Symphony Talent logo

Symphony Talent

Symphony Talent delivers innovative, award-winning talent acquisition solutions that empower clients worldwide to expertly advance talent and teams. Our comprehensive suite of full-funnel solutions, expert brand services, and data analytics tools help clients execute and optimize hiring strategies, ensuring differentiated candidate experiences and improved business outcomes at every stage of the talent acquisition funnel, from attraction to hire. Visit https://www.symphonytalent.com/why-symphony-talent/ to learn more.

fireflyon.com logo

fireflyon.com

We are building the first mobility based Smart Screens - Smart Cities advertising and data platform that utilizes the ride share and gig economy for distribution and scale. Our unique location-based, “situationally aware” software and 1st party data enables the most granular, audience-based targeting of any away from home medium on any screen type. - We are actively creating private:public partnerships with the cities where we deploy our solutions in order to promote a better quality of life for all residents. - We are dedicated to supporting local businesses with advertising programs to support their unique needs. - We provide our driver-partners the ability to earn significant additional income to enable them to get closer to achieving their personal goals. - We are leading innovators on all digital screen types with a goal to deliver performance and successful outcomes for our customers and partners. We're Hiring!

Transmit Security logo

Transmit Security

Transmit Security gives businesses the modern tools they need to build secure, trusted and end-to-end digital identity journeys to innovate and grow. CX-focused, cybersecurity-conscious leaders rely on Transmit Security’s Platform to provide their customers with smooth experiences protected from fraud across all channels and devices. Transmit Security serves many of the world’s largest banks, insurers, retailers, and other leading brands, collectively responsible for more than $3.1 trillion in annual commerce. Transmit Security was co-founded by serial entrepreneurs and investors, Mickey Boodaei and Rakesh Loonkar in 2014 with the aim of changing the security identity landscape. In 2020, Deloitte recognized Transmit Security as the 5th fastest growing company in North America. In March, we were recognized by Fast Company as one of the 10 Most Innovative Security Companies of 2022.

Lumivero logo

Lumivero

Turn data complexity into clarity with Lumivero – a leading provider of research and decision software built to help organizations simplify complex data, uncover meaningful insights, and drive confident decision-making. Whether you're in academia or enterprise business, our powerful combination of data analysis tools, AI-driven workflows, and expert-developed scientific methodologies gives you the clarity you need to discover innovations and make mission-critical decisions.

Tango logo

Tango

Tango is a leading real estate intelligence platform that helps organizations streamline their operations at every stage of their property lifecycle. From site selection to sustainability, our connected software solutions empower decision-makers with the data and tools they need to reduce costs, improve operations, and achieve strategic goals. The Tango platform includes: • Real Estate solutions for corporate and retail organizations—market analysis, site selection, transaction management, and lease administration • Projects & Maintenance for streamlined construction and maintenance operations • Energy & Sustainability for automated utility data management, carbon accounting, and ESG reporting • Workplace solutions for space optimization, occupancy analytics, and desk/room booking Whether you're managing thousands of retail locations, optimizing office space utilization, tracking carbon emissions, or executing a real estate strategy, Tango provides the intelligence and insights to power smarter decisions across your entire property lifecycle. For more information, visit tangoanalytics.com

The O'Connor Group logo

The O'Connor Group

Provider of flexible outsourced human resources and talent acquisition solutions to small- and mid-market companies

Compare Parchment Inc. to the industry

Parchment Inc. operates across multiple industries. Browse revenue, funding, and growth data for Parchment Inc. in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Parchment Inc. Revenue 2024: $44.5M ARR, $66.1M Raised