Thentia, a Toronto, Canada-based provider of a government software-as-a-service (SaaS) platform, raised $10M in Series B1 funding.
The round was led by Spring Mountain Capital and BDC Capital.
The company plans to invest the funds in all areas of the business, including increasing and enhancing product and engineering and scaling customer-facing services with support teams. This goal is to create a seamless customer experience in all markets.
Thentia CEO Julian Cardarelli provides Thentia Cloud, which is a SaaS platform that allows regulators and government agencies access to data and licenses with speed, automation and ease of use.
Thentia, a global company, has teams in the United States of America, Canada, and the United Kingdom. It is trusted worldwide by regulatory bodies and government agencies. The platform is used by more than 8,000,000 licensees around the world.