Legaltech startup Athennian lands Series A extension

Calgary-based Athennian, a provider of cloud-based legal entity management software, has added C$7 million to its Series A financing.

Calgary-based Athennian, a provider of cloud-based legal entity management software, has added C$7 million to its Series A financing. The extension, which brings the company’s total funding to C$17 million, was led by Arthur Ventures. Other investors included Round13 Capital, Touchdown Ventures and Clio CEO Jack Newton.

PRESS RELEASE

CALGARY, CANADA – 4 March 2021 – Athennian, developers of the leading cloud-based legal entity management software, today announced it has raised $7 million CAD in Series A extension funding, led by Arthur Ventures. New investors Touchdown Ventures and Clio CEO, Jack Newton, also participated in the round, alongside Round13 Capital and other existing investors.

Athennian, which is used by legal departments and professional services firms to automate subsidiary and entity management, and transform compliance, governance, and transactional workflows, will use the capital to increase the size of its global team, invest in product development, and expand its cloud-based services. To date, Athennian has raised $17 million CAD in venture capital financing.

“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,” said Adrian Camara, CEO of Athennian. “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.”

Camara continues: “This additional capital 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.”

About Athennian:
Built for paralegals, by paralegals, Athennian is the leading legal entity management cloud platform, used by the world’s top law firms and legal departments. Designed to empower paralegals by automating entity management workflows, Athennian’s fast, cloud-based solution offers a level of functionality and ease-of-use unrivalled in the entity management space. With a team of legal professionals and certified paralegals running their operations, Athennian has developed software specifically built to help paralegals, law clerks, and corporate secretaries succeed.

Athennian’s platform leverages data to execute reports and tax charts; generates required documents for managing new or existing entities such as share certificates, minutes, stock, and dividend transactions, and change of directors or officers; submits registrations digitally; provides reminders for annual filings; and automates workflows with document assembly, eSignature, and e-filing directly with government company registries. By streamlining numerous corporate legal workflows, Athennian’s solution offers efficiency to high-performing paralegal teams, allowing them to spend less time managing paperwork and more time supporting clients.

Athennian offers rapid migration for customers from any legacy database including, Diligent Entities (Blueprint), GEMS, Secretariat, hCue, Effacts, Viewpoint, ALF, CorpLink, EnAct, GlobalAct, EnGlobe, FastCompany, Corporate Focus, and more.