Scription Closes $7.8M Oversubscribed Seed Round: Expanding Innovative Subscription Maintenance Program for Foodservice Equipment
Summary
This alignment of incentives is ushering in a new era of technology adoption and reducing the total cost of equipment ownership for top franchise brands in the quick-serve restaurant industry. "Were excited to leverage this capital towards expanding the Scription360 program throughout North America, and to welcome an incredible industry leader, Gerritt Graham, as our new CEO to do it," said Scription Co-Founder and Chief Strategy Officer, Justin Villiers. "Scription is bringing about a paradigm shift in how restaurant owners and operators manage equipment risk to the P&L," said Rick Viton, Partner at IA Capital Group. "The management teams deep understanding of the industry, data analytics capabilities and unparalleled service network uniquely position Scription to deliver on this vision. With this new round of funding, were awfully proud of Scription and its expanded reach and remain excited to watch it continue to develop more partnerships with ambitious operators," said Parker Beauchamp, Managing Partner at Markd.Scription is a pioneering technology company that is aligning the incentives of the commercial foodservice maintenance and repair industry through their innovative new program; Scription360.