Athennian raised $33M in Series B Funding, a Calgary-based cloud-based business entity management tech company called ‘Cloud based Business Entity Management Technology Company,’ was $33M.
The round was led by Centana Growth Partners with participation from Arthur Ventures, and Touchdown Ventures.
The company plans to use the funds to continue to take a proactive approach in scaling its business.
Athennian, headed by Adrian Camara, is a software company that enables legal, tax, and finance teams to seamlessly digitize and streamline their business structures and entities. Clients can automate and manage workflows related to ownership, governance, tax and corporate compliance.
The company has seen rapid growth over the past 24 months with a 500% increase in its annual recurring revenue. It has more than 2,500 users and almost 400,000 business entities that are managed through its platform.
Athennian also maintains a second office located in Toronto with additional team members spread across the U.S.