Scription raises $2.5 million

Scription, a Canadian startup enabling companies to offer and manage maintenance plans, announced the closing of $2.5 million in funding led by Markd, with participation from Greenlight Re and others.

Founded in 2020, the startup targets the commercial and industrial market with a range of solutions to enable companies to offer service contracts for their customers. The end-to-end solution includes service and preventative maintenance, which is powered by Scription’s partner network.

“The vision of our programs is to align incentives and have everyone benefit from equipment uptime. We’ve assembled a team uniquely positioned to tackle this challenge by combining a balance of experience in field service, finance, insurance, and technology Parker Beauchamp understood our vision from our first call. His fund and team have provided value beyond the capital, whose relationships allowed us to both establish ourselves in this industry and prepare for exponential growth.” – Justin Villiers, CEO of Scription.

“I’m so impressed by Justin, his team, and what they’ve created. They are extremely hard-working, kind, thorough, and have a great temperament, which no doubt helped them develop such a clever way to manage, protect, and serve enormous needs in an equally large market that creates wins for all involved Working with them the past year has been a pleasure. I look forward to helping them continue to thrive.” – Parker Beauchamp, Markd.