Discern Raises $4.5M to be the Registered Agent of the Future
Summary
Modern Registered Agent service, Beneficial Ownership and Secretary of State filing automation from a technology company - implemented in minutes DOVER, Del. Discern takes annual time spent on entity management down to minutes, by providing Registered Agent service, automating secretary of state and beneficial ownership filings, tracking franchise taxes, and offering simple digital formations and foreign registrations. Despite only launching earlier this year, Discern has over 100 customers including Modern Treasury, Vestwell, Bluestone Lane, IA Ventures, Moxie, Small Door Veterinary, and has been growing 23% per month and accelerating in Q3. "We are both a happy investor and customer of Discern because entity management and compliance is a compulsory part of running any business and the existing vendors offer nothing beyond a stack of mailed invoices every year," said Josh Diamond, Partner at Walkabout Ventures. Founded by friends Mike Bosserman, Raj Patel, and Simon Moschou, the company is intentionally distributed.
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