Parchment raises $10 mln follow-on investment

Parchment said Wednesday it closed a $10 million follow-on investment led by The Raine Group. Parchment's existing institutional investors, including Novak Biddle Venture Partners, Salmon River Capital, GSV Capital and ICG Holdings, also participated. Total funding for Parchment comes to $45 million. Scottsdale, Ariz.-based Parchment provides technology that lets learners, educators and employers to request, verify and share credentials.

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