A Toronto-based technology startup, ZippedScript, has secured $3.15 million in total funding across two investment rounds, positioning itself to transform global credential verification through innovative digital authentication technologies. The company's comprehensive platform addresses critical inefficiencies in education and employment verification, offering unprecedented speed, accuracy, and global coverage.
The funding journey began with a $750,000 pre-seed round in December 2021, supported by emerging technology investors including Arcanum Capital, Right Side Capital, and New Stack Ventures. This initial investment enabled the development of ZippedScript's proprietary verification platform. A subsequent $2.4 million seed round in Summer 2023, led by Work-Bench, further solidified the company's market potential.
ZippedScript's technology distinguishes itself by providing a seamless verification process that dramatically reduces the time and complexity traditionally associated with background checks. With a database of over 20 million pre-verified degrees, the platform enables employers to validate educational credentials instantly, a significant advancement in hiring processes.
CEO Chris Harper emphasizes the company's core mission to modernize verification methods that have remained largely unchanged. By creating a digital solution that can authenticate educational credentials within minutes, ZippedScript addresses a longstanding inefficiency in professional recruitment and credentialing.
Looking forward, ZippedScript plans to expand into employment verification in 2025, seeking to apply its proven technological approach to validating professional work histories. The company is exploring strategic partnerships with HR technology providers and background check firms to integrate its services into broader hiring workflows.
The successful fundraising, particularly in a challenging investment landscape marked by increased scrutiny following tech industry scandals, underscores the company's innovative approach and strong market potential. Investors like Nick Moran from New Stack Ventures view ZippedScript as a pivotal player in emerging trends of digital identity, intelligent APIs, and democratized authentication.
By enabling faster, more accurate credential verification, ZippedScript has the potential to streamline hiring processes globally, reduce administrative burdens, and create new opportunities for talented professionals seeking to validate their educational and professional backgrounds.
