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Thentia secures venture debt funding from Espresso Capital

Thentia, a Toronto-based provider of regulatory and compliance software, has raised venture debt funding from Espresso Capital, a Canadian provider of technology debt financing.

No financial terms were disclosed.

Founded in 2014, Thentia’s database technology helps regulatory bodies, licensing boards and private businesses to streamline their operations in regulation, compliance and governance.

Led by CEO Julian Cardarelli, the company will use the funds raised to expand its suite of software solutions and build on its existing presence in Canadian, U.S. and U.K. markets.

PRESS RELEASE

Thentia Announces Venture Debt Funding from Espresso Capital

Funding will allow Thentia to expand to new markets

TORONTO (PRWEB) OCTOBER 01, 2018

Thentia, a global leader in regulatory and compliance software, announced today that it has entered into a venture debt funding partnership with Espresso Capital.

“This partnership will allow Thentia to expand its suite of enterprise technology solutions for regulation and compliance needs,” said Julian Cardarelli, Chief Executive Officer of Thentia. “We are pleased to be working with Espresso Capital, which has a longstanding history of supporting innovative technology companies.”

The funding will fuel Thentia’s already established presence in the regulation software segment, and will support further growth in markets across Canada, the United States and the United Kingdom.

Thentia’s database technology was created specifically for regulatory bodies, licensing boards and private businesses to enable them to streamline their operations in regulation, compliance and governance. Leading regulatory agencies and hundreds of thousands of licensees rely on Thentia platforms every day.

“This partnership speaks volumes about Thentia’s leadership role in the industries it serves,” said Cardarelli. “The funding will measurably benefit existing customers through improvements in services and offerings, as well as enable Thentia’s growth in to new jurisdictions worldwide.”

WD Capital Markets Inc. (http://www.wdcapital.ca) acted as exclusive financial advisor to Thentia and Wildeboer Dellelce, LLP (http://www.wildlaw.ca) acted as legal counsel for the Company.

About Thentia
Based in Toronto, Canada, with offices in the United States and the United Kingdom, Thentia, a leader in regulatory and compliance software, provides database technology that was created specifically for regulatory bodies and private businesses to stay on top of their regulatory compliance obligations. For more information, please visit http://www.thentia.com.

About Espresso Capital
Since 2009, Espresso Capital has provided over 230 early and growth stage technology companies with founder friendly capital. The company offers lines of credit and term loans to enable entrepreneurs to grow their businesses without dilution, board seats, or personal guarantees. Espresso’s mission is to keep founders in control with fast, fair, and flexible capital. For more information, please visit http://www.espressocapital.com.

For more information, please contact:
Julian Cardarelli
CEO, Thentia
T: 1-800-961-1549 x 789 E: julian@thentia.com