Scription Secures $7.8M to Transform Foodservice Equipment Maintenance with Innovative Subscription Model

Scription's Game-Changing Approach to Foodservice Maintenance

In the commercial foodservice industry, equipment maintenance has traditionally relied on unpredictable hourly rates. However, Scription Maintenance is leading the charge with its innovative subscription model, the Scription360 program. Recently, the Calgary-based startup announced it successfully closed a remarkable $7.8 million funding round that has exceeded investor expectations, aimed at expanding this revolutionary approach throughout North America.

The Vision Behind Scription360

Founded in 2020, Scription Maintenance was born out of a desire to modernize how restaurant operators handle equipment service. The Scription360 program not only mitigates financial risks associated with maintenance but also aligns the interests of equipment service companies and restaurant operators. By prioritizing equipment uptime over breakdowns, Scription ensures that both parties stand to gain.

Justin Villiers, Scription’s co-founder and Chief Strategy Officer, expressed enthusiasm about the funding, emphasizing that the fresh capital will help broaden the reach of their subscription model. He also welcomed Gerritt Graham, a seasoned leader with vast insurance industry experience, as the new CEO. Graham's unique insight into business stability is expected to bolster Scription’s mission of reducing total cost of ownership for its clients.

Why This Model Works

Scription360 simplifies operations for restaurant owners by allowing for fixed monthly payments and a hassle-free service experience. Gone are the days of unpredictable repair costs and inefficient service led times. With this arrangement, restaurants are empowered to take control of their cash flows while ensuring that their equipment is well-maintained, leading to significant savings in both time and money.