Parchment Selected to the 2023 GSV 150

A list recognizing the most transformational digital learning and workforce skills companies

SCOTTSDALE, Ariz., Jan. 26, 2023 /PRNewswire/ -- For the third consecutive year, Parchment, the industry leader in academic credentials management, was named to the annual GSV 150, a list of the world's most transformative private companies in education.

Parchment was chosen from over 4,000 venture capital and private equity-backed private companies revolutionizing the world of education technology. GSV estimates that together these 150 companies reach roughly 3 billion people — almost half of the global population — and generate approximately $25 billion in revenue.

Learn more about the GSV 150 and the selection process here.

"Parchment is thrilled to be part of this selective group of transformative growth companies three years in a row, bringing comprehensive and innovative technology platforms to market," said Matthew Pittinsky, Ph.D., Chief Executive Officer of Parchment. "This honor validates our continuous commitment to bringing to our issuers and receivers a unified experience that creates a secure network to exchange learner credentials, such as transcripts, diplomas, digital badges, certificates, and comprehensive learner records (CLRs). Most importantly, this celebrates Parchment's mission to put the learners at the front and center of everything we do."

"We are excited to release the annual GSV 150, a selection of the leading private companies in digital learning and workforce skilling," said Alexandra Argo, investor at GSV Ventures. "As we enter into what we call a 'Brave New World,' it is clear that you can't use an old map to navigate a new world. This impressive group of companies continues to grow and evolve to meet the needs of learners and businesses at scale. After evaluating over 4,000 companies globally, we are proud to present the list of the 150 most impactful companies in digital learning that are leading the charge in providing ALL people equal access to the future."

The final selection is determined by GSV's proprietary scoring system, which applies scores across several KPIs such as revenue scale, revenue growth, active learner reach, international reach, and margin profile.

The GSV 150 is distributed across Pre-K to Gray, covering early childhood, K-12, higher education, adult consumer learning, and workforce learning. More and more companies are extending their reach across the lifetime learning cycle, with 30% of the 150 expanding across multiple categories from Pre-K to Gray.

Geographically, North America — primarily the United States — is the most represented region, accounting for 60% of the GSV 150. India is also a significant contributor to the list, with 14% of the companies coming from that market, which has continued to experience rapid growth. Europe and Latin America each account for 11% and 7% of the GSV 150, respectively. The remaining 8% of companies are dispersed throughout MENA, Africa, Asia, Australia, and New Zealand.

See the full GSV 150 list.

Parchment believes credentials matter in the lifelong journey of a learner. Offering the most comprehensive academic credentials management platform, Parchment helps learners, academic institutions and employers request, verify and share transcripts, diplomas, and other credentials in simple and secure ways. Our platform has helped millions of learners, over 13K districts, university registrar offices, state education agencies, and receivers (including university admissions offices, background check companies, employers, college application services, OPMs, and certification and licensing boards) exchange more than 140 million transcripts, diplomas, certificates, comprehensive learner records (CLRs) and other credentials globally. Parchment is headquartered in Scottsdale, AZ and Melbourne, Australia, with offices in Roseville, CA and Loveland, OH. We help turn credentials into opportunities. Follow Parchment on Twitter, Facebook and LinkedIn.

The ASU+GSV Summit is the premier global event focused on technology innovation in education and skills. We believe that ALL people deserve equal access to the future. Started in 2010 with a collaboration between Arizona State University (ASU) and Global Silicon Valley (GSV), the annual Summit connects leading minds focused on transforming society and business around learning and work. Educators, investors, industry leaders, and entrepreneurs from around the world come together to innovate the future of education for all. Hosted in San Diego, over 5,300 people attended in April 2022. Speakers from previous years include President Barack Obama, President George W. Bush, Former Secretary of State Condoleezza Rice, John Legend, Common, Marian Wright Edelman, Bill Gates, Sandra Day O'Connor, Reed Hastings, President Vicente Fox, Malcolm Gladwell, Gloria Steinem, Tony Blair, and Howard Schultz.

SOURCE Parchment Inc.