Matthew Pittinsky, CEO, Parchment
Parchment is an education data company. Headquartered in Scottsdale, the company has raised a total of $ 35.5 Million through several rounds of funding from The Raine Group, GSV Capital, Deborah Quazzo, Novak Biddle Venture Partners, Internet Capital Group and Salmon River Capital.
Non-traditional credentialing is an increasingly emergent trend right now. Credentials data is the coin of the realm in our knowledge economy where education is vital to one's life chances. Whether they are academic, professional or even personal, the credentials we earn provide extremely valuable information that helps college admissions officers and employers understand what we know and how well we know it.
With the growth of MOOC's (massive open online courseware), badges, and other ways to learn or communicate what we know, there is a question of how these new credentials will be used in both academic and non-academic settings. This is something that we are addressing at Parchment where learners can create a credentials account, store and send their transcript credentials, and access data-driven apps that translate their credentials into opportunities.
Over time, our members will be able to store a growing diversity of credentials in their Parchment account providing for a simple way to collect their various credentials and put that data to work for them—whether to share those credentials, use them as the basis for data-driven analysis, or to be discovered through them by prospective colleges or employers.
Technology leveraging the education industry