After a year of rapid growth, Athennian extends Series A round by $7 million
Summary
Calgary-based legal software startup Athennian has added $7 million CAD to its Series A round of funding as it sees continued growth during the COVID-19 pandemic. Adrian Camara, CEO of Athennian, noted to BetaKit the deal involved a nominal amount of secondary, but exact figures were not disclosed. In 2019, Clio raised a massive $330 million CAD Series D funding round, at the time, the largest growth stage investment in a Canadian company since 2000. The startup was launched in late 2017 after Camara, who previously worked as a lawyer in corporate finance as well as merger and acquisitions, noticed “archaic” practices around managing data and information. “So that really brought forward a decade of digital transformation that needed to happen, and compressed that [into] 12 months.” Another milestone for Athennian in 2020 was its acquisition of Redox, a Montreal-based tax visualization startup.
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