raises $10M Series B round led by NYC-based Spring Mountain Capital

▤ Summary

“Thentia provides a much-needed solution for government agencies looking to meet the needs of their stakeholders in a way that exceeds their digital expectations,” says Jamie Weston, Managing Director, Spring Mountain Capital. This investment positions us to focus on expanding in the U.S. and achieving our most important goals, including becoming the state-supported cloud-based agency software provider across all 50 U.S. states.” Cardarelli adds, “With Spring Mountain’s strong portfolio and focus on government and enterprise technology, the firm truly understands our ecosystem and the opportunity we have to introduce our sophisticated SaaS product to the many government agencies in the U.S. who rely on outmoded systems to manage their data and licensing.” “With the support of our investors, we look forward to expanding our portfolio of clients and providing them with first-class technology and superior end-to-end service that will completely modernize the way they do business.” Thentia was advised on the financing round by Blake, Cassels & Graydon LLP. Founded in Canada, with operations in the U.S. and trusted by agencies in North America and worldwide, Thentia was developed by subject matter experts with a mission to transform GovTech through best-in-class technological capabilities. Its secure, modern and elegant solution, Thentia Cloud, is revolutionizing the way agencies manage data and licensing by bringing the entire process into the 21st century with speed, automation, ease-of-use and best-in-class support. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage.

$ Funding

▦ Linked Companies

Thentia

$10M to $25M