Parchment Raises $23.5 Million to Expand Investment in its Industry-Leading e-Transcript Credentials Network

The Raine Group Joins GSV Capital and Existing Syndicate of Leading Education Investors; Jeff Sine to Join Parchment Board of Directors

SCOTTSDALE, Ariz. (Oct. 17, 2012) – Education credentials data pioneer Parchment Inc. 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.

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