# Scription

> Scription is a Calgary- and Edmonton-born insurtech that flips the economics of equipment repair. Instead of paying technicians by the hour - who earn most when things break - restaurant and commercial operators pay Scription a fixed monthly or annual premium that bundles servicing, parts and coverage into one predictable number. Its Scription360 program and RoofIQ risk-scoring engine use historical maintenance data, predictive analytics and IoT to price insurance-backed subscriptions for individual pieces of foodservice and HVAC equipment, aligning everyone's incentives around uptime rather than downtime.

- **Founded:** 2020
- **Headquarters:** Calgary, Alberta, Canada
- **Founders:** Justin Villiers (Co-Founder & Chief Strategy Officer (former CEO)), Gerritt Graham (CEO)
- **Team size:** ~17 employees
- **Products:** Scription360, Commercial HVAC Breakdown Warranty, RoofIQ, IoT Monitoring Pilots
- **Notable:** Closed a $7.8M oversubscribed seed round in 2025 led by IA Capital Group., Raised roughly $10.35M USD in total funding since founding., Signed franchisees of major chains including McDonald's, KFC, Taco Bell, Wendy's and Dave's Hot Chicken.

## Products & services

- **Scription360** — An outcome-based subscription maintenance program for commercial foodservice equipment. Operators pay a fixed monthly fee that bundles servicing, spare parts and coverage for individual pieces of equipment, with pricing driven by historical maintenance data and predictive analytics.
- **Commercial HVAC Breakdown Warranty** — One fixed annual premium that warrants an entire fleet of rooftop HVAC units against major breakdowns. Customers keep their existing service providers while Scription covers repair costs, eliminating budget unpredictability and deferring replacement.
- **RoofIQ** — A risk-assessment technology that uses aerial imagery and analytics to evaluate the condition and failure risk of commercial rooftop HVAC units, feeding the underwriting of warranty coverage.
- **IoT Monitoring Pilots** — Fully funded equipment-monitoring pilots (via a partnership with Entouch Energy) that reward operators for adopting predictive monitoring and preventive maintenance.

## Achievements

- Closed a $7.8M oversubscribed seed round in 2025 led by IA Capital Group.
- Raised roughly $10.35M USD in total funding since founding.
- Signed franchisees of major chains including McDonald's, KFC, Taco Bell, Wendy's and Dave's Hot Chicken.
- Closed its first Canadian deal with a McDonald's owner-operator.
- Claims it can reduce restaurant downtime costs by more than 60% depending on store count and equipment.
- Appointed former insurance executive Gerritt Graham as CEO alongside the seed round.

## Latest updates

- **2025-05** — Closed a $7.8M oversubscribed seed round led by IA Capital Group and appointed Gerritt Graham as CEO.
- **2025-06** — Detailed North American growth plans in foodservice maintenance and confirmed its first Canadian deal with a McDonald's owner-operator.
- **2025** — Expanded into commercial HVAC with a fixed-premium rooftop-unit breakdown warranty and RoofIQ aerial risk assessment.

## Links

- Website: https://scription.com
- LinkedIn: https://www.linkedin.com/company/scriptionai

---

Profile page: https://yespress.io/scription
Published by YesPress — https://yespress.io
Last updated: 2026-07-02