# Paper Interactive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paper-interactive

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.athennian.com
- Total disclosed funding: $49M
- Latest round: Series B (Mar 30, 2022)
- Investors on record: 13

## About

Paper Interactive, Inc. is a technology company focused on cloud-based entity management solutions that enhance corporate governance and compliance for businesses across various industries.Founded in 2016 in Calgary, Canada, Paper Interactive, Inc. specializes in providing cloud-based solutions for entity management. The company has not undergone any notable pivots in its business strategy or operations. Adrian C, Andrew Dravucz, and Shane Fast are the founders, with Adrian C currently serving as CEO. The company has finalized a total of 5 deals, with its most recent deal on March 30, 2022, raising CAD 42 million in a Series B funding round led by Centana Growth Partners, alongside investors like Arthur Ventures and Touchdown Ventures. The total amount raised by the firm amounts to CAD 42 million.Athennian, the primary product of Paper Interactive, is a sophisticated cloud-based entity management platform designed for corporate governance and compliance. It centralizes corporate records and enhances workflows to improve efficiency for legal, finance, and compliance teams. Key features include automated compliance tracking, document management, and customizable workflows, facilitating processes from entity formation to dissolution. Athennian caters to a diverse clientele, including enterprises in North America, Europe, and Asia, helping them navigate complex regulatory environments.Athennian generates revenue primarily through a subscription-based model, granting clients access to a comprehensive suite of entity management tools. Clients choose from various pricing plans tailored to their organizational requirements, which may involve tiered subscriptions based on user count or feature access. The platform's offerings, such as its AI-enhanced compliance dashboard and automated document management features, are essential to the user experience, fostering long-term relationships with clients looking to streamline administrative processes.In March 2022, Paper Interactive, Inc. raised CAD 42 million in Series B funding to support its growth plans. The company intends to utilize this funding to hire new team members to proactively scale its business. Future initiatives include the development of new products aimed at enhancing the user experience, along with plans for expansion into additional markets and geographic regions, though specific locations and timelines have not been disclosed.

## Funding rounds

- Series B, Mar 30, 2022, $34M — Arthur Ventures, Touchdown Ventures, Centana Growth Partners
- Series A, Mar 4, 2021, $7M — Arthur Ventures, Round13 Capital, Touchdown Ventures
- Series A, Sep 8, 2020, $6.1M — ViewPoint Capital Partners, Arthur Ventures, Round13 Capital, ATB Private Equity, Bluesky Equities, InterGen Capital, Thin Air Labs, Strategic Equity
- Seed, Jul 1, 2019, $1.5M — ViewPoint Capital Partners, Bluesky Equities, BCF Ventures
- Seed, May 3, 2018, $0.6M — ViewPoint Capital Partners, Harvey Partners, Bluesky Equities, Castle Financial & Retirement Planning Associates, Inc.

## Investors

- ViewPoint Capital Partners (https://capitalatlas.ai/funds/viewpoint-capital-partners) — Seed, Series A
- Harvey Partners — Seed
- Bluesky Equities (https://capitalatlas.ai/funds/bluesky-equities) — Seed, Series A
- Castle Financial & Retirement Planning Associates, Inc. — Seed
- BCF Ventures (https://capitalatlas.ai/funds/bcf-ventures) — Seed
- Arthur Ventures (https://capitalatlas.ai/funds/arthur-ventures) — Series A, Series B
- Round13 Capital (https://capitalatlas.ai/funds/round13-capital) — Series A
- ATB Private Equity (https://capitalatlas.ai/funds/atb-private-equity) — Series A
- InterGen Capital (https://capitalatlas.ai/funds/intergen-capital) — Series A
- Thin Air Labs (https://capitalatlas.ai/funds/thin-air-labs) — Series A
- Strategic Equity — Series A
- Touchdown Ventures (https://capitalatlas.ai/funds/touchdown-ventures) — Series A, Series B
- Centana Growth Partners (https://capitalatlas.ai/funds/centana-growth-partners) — Series B