Thentia, a Toronto, Canada-based provider of a government software-as-a-service (SaaS) platform, raised $10M in Series B1 funding.
The round was led by Spring Mountain Capital and BDC Capital.
The company intends to use the funds to invest across all parts of the business, including growing and enhancing its product and engineering, while also scaling customer-facing services and support teams, with the goal of creating a customer experience across all markets.
Led by CEO Julian Cardarelli, Thentia provides Thentia Cloud, a SaaS based platform for regulatory bodies and government agencies to manage data and licensing with speed, automation, ease of use, and support.
Thentia is a global company with teams operating in the United States of America, the United Kingdom, and Canada and is trusted by regulatory bodies and government agencies worldwide with more than 8 million active licensees across the globe using its platform.