Scription is a Calgary-based technology company founded in 2020 that offers Scription360, a subscription maintenance program for commercial foodservice equipment. The platform replaces hourly repair rates with monthly fixed-price coverage and uses predictive maintenance and data analytics to align incentives between service providers and restaurant operators. Scription says the model reduces total cost of ownership, increases equipment uptime, simplifies operations, and improves replacement planning for quick-serve franchise brands. The company plans to expand Scription360 throughout North America and has appointed Gerritt Graham as CEO to lead that expansion. To date Scription has raised $10.35M, including a $2.5M pre-seed in 2023 led by Markd and a $7.85M seed closed in January 2025 led by IA Capital with participation from Markd. The company positions itself as an outcome-based service platform that lowers operators' cost of risk through predictive analytics and aligned service incentives. Scription is an Edmonton, Canada–based Insurtech led by CEO Justin Villiers. The company’s platform leverages historical maintenance data to intelligently price and offer insurance for maintenance contracts tailored to individual pieces of equipment. Scription’s programs give service companies recurring aftermarket revenue and repairs exclusivity while equipment owners receive more predictable costs and fewer breakdowns. The startup raised $2.5M in funding and intends to use the proceeds to launch and onboard anchor customer brands. The company combines domain expertise and technology to help firms launch new aftermarket service programs.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

May 2025