While education is becoming increasingly attractive to investors, there's still a lot of uncertainty in the space and companies with viable business models, revenue growth and substantial user bases remain in the minority. Investors are still testing the waters with smaller commitments. But today, education technology added another big fundraiser to its short-list: Parchment.
For those unfamiliar, Parchment is an education data company, best known for providing high schools and universities with a SaaS platform that allows them to collect, share and digitize education credentials and student records, particularly transcripts. With over 9,000 schools now using Parchment to digitize and exchange student data, the company is announcing today that it has raised $23.5 million in venture funding.
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