# Thentia Canada

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thentia-canada

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.thentia.com
- Total disclosed funding: $81M
- Latest round: Series B (Jan 25, 2024)
- Investors on record: 4

## About

Based in Toronto, Canada, and founded in 2014 and led by CEO Julian Cardarelli, Thentia Canada Inc. formerly known as Thentia Corporation, operates as a developer of cloud-based solutions that enable regulatory sectors to track registration issuance and renewals, public complaints, investigation and enforcement, auditing, data analytics, governance, and other regulatory obligations. In January 2024, Thentia raised USD 38 million in Series B funding led by First Ascent Ventures,  with participation from Spring Mountain Capital, BDC Capital, and Espresso Capital. 

Thentia Canada Inc. developed a SaaS based platform providing a variety of features including registration, complaints and investigations, board management, payment and invoices, public register, education management, communication management, reports and insights, and inspections. As of 2024, the company offers services a wide range of industries such as healthcare, real estate, cannabis, accountancy, and many more. In addition, the firm supports regulators to transcend the constraints of legacy processes, custom-built solutions, and a web of disparate applications. 

The company plans to use the funding from January 2024 to scale operations, propel accelerated growth, invest in artificial intelligence, and enhance its ability to meet the needs of its expanding global client base.

## Funding rounds

- Series B, Jan 25, 2024, $38M — BDC Capital, Spring Mountain Capital, Espresso Capital, First Ascent Ventures
- Series B, Jan 31, 2023, $23M — BDC Capital, Spring Mountain Capital, First Ascent Ventures
- Series B, Apr 19, 2022, $10M — BDC Capital, Spring Mountain Capital
- Series B, May 4, 2021, $10M — BDC Capital, Spring Mountain Capital
- Series A, Aug 7, 2020 — BDC Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Spring Mountain Capital (https://capitalatlas.ai/funds/spring-mountain-capital) — Series B
- First Ascent Ventures (https://capitalatlas.ai/funds/first-ascent-ventures) — Series B
- Espresso Capital — Series B