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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
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. 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $7M | - | - | |
| 2016 | Funding round | $12M | - | - | |
| 2014 |
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Parchment Inc. serves 10K customers.
Parchment Inc. employs approximately 251 people as of 2026, down from 336 in 2023, including 45 sales reps that carry a quota. It serves 10K customers that rely on its solutions.
Parchment Inc. generates an estimated $44.5M in annual revenue.
Parchment Inc. was founded by Matthew Pittinsky.
The CEO of Parchment Inc. is Matthew Pittinsky.
Parchment Inc. raised $66.1M across 6 rounds.
Parchment Inc. has 251 employees.
Parchment Inc. is headquartered in Scottsdale, Arizona, United States.
Parchment Inc. operates across multiple industries. Browse revenue, funding, and growth data for Parchment Inc. in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$44.5M(Est.)
Customers
10K
Funding
$66.1M
Avg ACV
$4.5K
Team
251
Founded
2003
| Year | Milestone | Source |
|---|---|---|
| 2024 | Parchment Inc. Hit $44.5m revenue in October 2024 | Estimated |
| 2023 | Parchment Inc. Hit $26.5m revenue in October 2023 | Estimated |
| 2021 | Parchment Inc. Hit $17.8m revenue in April 2021 | |
| 2003 | Launched with $0 revenue |
| Funding round |
| $35M |
| - |
| - |
| 2012 | Funding round | $1.6M | - | - |
| 2011 | Funding round | $6M | - | - |
| 2011 | Funding round | $4.5M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 251 employees (December 2024) | |
| 2024 | Reached 336 employees (October 2024) | |
| 2023 | Reached 336 employees (October 2023) | |
| 2022 | Reached 308 employees (October 2022) | |
| 2021 | Reached 271 employees (December 2021) | |
| 2021 | Reached 212 employees (April 2021) |
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