Scription Maintenance, a technology startup in the commercial foodservice industry, has been transforming equipment maintenance from hourly rates into a subscription model. Their Scription360 program eliminates financial risk for restaurant equipment operators while aligning the incentives of equipment service companies to benefit from equipment uptime rather than equipment breakdowns financially.
To date, Scription has raised $10.35 million. And in 2023, Scription raised $2.5 million in a pre-seed round, led by investor Markd. A $7.85 million seed closed in January 2025, led by investors IA Capital and further participation from Markd.
Launched in 2020, Scription released a program to provide predictable recurring revenues for the service company, while resulting in stable monthly costs, simplified operations, and faster and more efficient repair for the equipment operator. And 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.
Scription is also the only outcome-based service platform for the food service industry, and its predictive maintenance technology is the future of equipment maintenance. With customized, hassle-free, monthly fixed-price coverage for equipment assets, Scription simplifies food service equipment maintenance across the board for restaurant owners and operators. By enhancing equipment replacement planning, removing cost uncertainty, and increasing visibility into equipment spending, restaurants lower their total cost of risk and gain control of cash flow, saving time and money.
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“We’re 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.”
Scription Co-Founder and Chief Strategy Officer, Justin Villiers
“Coming off a decade in the insurance industry, I understand the power of products that offer business owners stability and certainty in running their operations. Scription is uniquely positioned to lower the total cost of risk for our clients. I am honored and excited to be joining this exceptional management team.”
Gerritt Graham, CEO of Scription
“Scription is bringing about a paradigm shift in how restaurant owners and operators manage equipment risk to the P&L. The management team’s deep understanding of the industry, data analytics capabilities and unparalleled service network uniquely position Scription to deliver on this vision. We’re thrilled to be partnering with Justin, Gerritt and the whole Scription team.”
Rick Viton, Partner at IA Capital Group
“The overwhelming response from national franchisees and investors since launch has exceeded expectations. With this new round of funding, we’re awfully proud of Scription and its expanded reach and remain excited to watch it continue to develop more partnerships with ambitious operators.”
Parker Beauchamp, Managing Partner at Markd
