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salmonrivercapital.com

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Investments

9

Portfolio Exits

3

About Salmon River Capital

Salmon River Capital is a specialized private equity and venture capital firm that focuses on education/training, health care information technology, financial services technologies, online media, and information utilities.

Salmon River Capital Headquarters Location

680 Fifth Ave 8th fl.

New York, New York, 10019,

United States

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Latest Salmon River Capital News

Parchment Tacks Adds $10M to Expand Digital Credential Platform

Mar 19, 2014

Scottsdale, AZ-based Parchment  has raised $10 million in a follow-on investment to its $23.5 million Series D round from Oct. 2012. The Raine Group led the funding, with Novak Biddle Venture Partners, Salmon River Capital, GSV Capital and ICG Holdings, Inc. also participating. The company has now raised $45 million. Founded in 2003, Parchment help students store, access and share digital transcripts with schools and other organizations. In the press release, the company boasts that the platform exchanged over 1.8 million credentials just in the fourth quarter of last year. New registrations on Parchment also increased by 90% over the trailing twelve months, jumping from 800,000 to nearly 1.6 million. CEO Matt Pittinsky says new features are in the pipeline, which include allowing students to see their odds of getting into a school based on how their academic credentials compare with those who have been accepted in the past. So far, the company has developed predictive models for 1,000 schools. He admits that "in schools that take a more holistic approach in the acceptance process, our models are not very helpful...But in places like UC Berkeley [that focus more on academics], it can be quite accurate. " In addition, the company will broaden its platform to better serve employers and organizations in other industries. "Beyond academics there is a very big world of informal credentials--like wedding planners--which are currently a small part of our services," he says. Of the 5,500 organizations working with Parchment, only roughly 250 are non-academic, according to Pittinsky. Parchment's growth comes at a time when alternative credentials are coming in vogue. The plenitude of opportunities for learners old and young to pick up skills from MOOCs and services like Lynda.com has led to increasing enthusiasm for credentialing methods like badging . Pittinsky says the platform will soon allow users to display certificates and badges from various online education providers. He firmly believes, however, that formal credentials and degrees won't disappear anytime soon. "We don't see ourselves as a part of the 'hack the credential' wave," says Pittinsky. "Traditional credentials have value as a form of currency...and it's important to move them into a digital world. " Related Pages on EdSurge

Salmon River Capital Investments

9 Investments

Salmon River Capital has made 9 investments. Their latest investment was in Parchment as part of their Series D - IV on March 3, 2015.

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Salmon River Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/18/2015

Series D - IV

Parchment

$12M

No

2

3/19/2014

Series D - III

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$99M

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10

1/14/2014

Series D - II

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$99M

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10

3/8/2013

Series B

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$99M

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10

10/17/2012

Series D

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$99M

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10

Date

3/18/2015

3/19/2014

1/14/2014

3/8/2013

10/17/2012

Round

Series D - IV

Series D - III

Series D - II

Series B

Series D

Company

Parchment

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Amount

$12M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

2

10

10

10

10

Salmon River Capital Portfolio Exits

3 Portfolio Exits

Salmon River Capital has 3 portfolio exits. Their latest portfolio exit was PeriGen on April 27, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/27/2021

Acquired

$99M

10

2/11/2020

Acq - Fin

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$99M

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10

11/12/2014

Acquired

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$99M

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10

Date

4/27/2021

2/11/2020

11/12/2014

Exit

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

10

10

10

Salmon River Capital Team

2 Team Members

Salmon River Capital has 2 team members, including current Managing Partner, Joshua Lewis.

Name

Work History

Title

Status

S. Joshua Lewis

Founder

Current

Joshua Lewis

Managing Partner

Current

Name

S. Joshua Lewis

Joshua Lewis

Work History

Title

Founder

Managing Partner

Status

Current

Current

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