Athennian, a cloud-based legal entity management software provider, announced on 4th March 2021 that it has raised CAD 7 million in the extension of its Series A funding round.
Investors: The current round, which was an extension of the previous round held in September 2020, brings the total funds raised to date by Athennian to around CAD 17 million. It was led by Arthur Ventures along with participation from new investors Touchdown Ventures and Jack Newton (CEO of Clio). Round13 Capital and other existing investors also participated in the round.
The funding amount would be utilized by Athennian to increase the size of its global team by recruiting more talent, invest in product development and expand its cloud-based services.
About Athennian: Founded in 2016 by Adrian Camara, Mark Tinana and Shane Fast, Athennian is a one-stop-solution for all legal and paralegal firms and practitioners, seeking to enhance and automate their workflow management. Its cloud-based platform’s functionality and ease of use is unrivalled in the entity management space.
Its software enables smooth and hassle-free execution of reports and tax charts, generation of required documents for managing new and existing entities, submission of registrations digitally and more.
Besides it also automates workflows with document assembly, e-signature, and e-filing directly with government company registries.
With Athennian paralegal teams can devote more energy towards their work and supporting clients by streamlining numerous corporate legal workflows and reducing cumbersome paperwork.
Furthermore, Athennian offers rapid migration from any legacy database including Effacts, Viewpoint, ALF, CorpLink, EnAct, GlobalAct, EnGlobe, FastCompany and more, making the transition a smooth and efficient process.
What the CEO has to say:
“Companies clearly see the value in managing their entity management processes on our platform, so when our investors approached us with the possibility of raising more funding, we decided to accelerate our plans and invest significantly in supporting Athennian’s growth. We are excited to welcome Touchdown Ventures and Jack Newton as investors. This additional capital reflects our rapid expansion of both revenue and results for our customers. It reflects Athennian’s position as the leading legal entity management software cloud. Law firms and legal departments need innovation from well capitalized vendors, who can support the required investment in cyber security, data integrity and availability.” — Adrian Camara, CEO and co-founder of Athennian.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
