Athennian Soars To New Heights To Raise $10 Million As Growth Surges During Pandemic By Changing How Legal Entities Are Managed Globally
BCF Ventures is delighted to announce its portfolio company Athennian has secured a Series A round of $10 million CAD led by US-based Arthur Ventures and new investors such as Round13 Capital, InterGen Capital and ATB Financial. Many returning investors also participated in the current round, including BCF Ventures, BlueSky Equities, Viewpoint Capital, Strategic Equities and Thin Air Labs. The new funds will allow Athennian to scale the cloud infrastructure to continuously onboard its global customers, mainly the world’s top law firms and legal departments that use Athennian to automate subsidiary and entity management. The legal industry is geared for a complete digital transformation by replacing the incumbent legacy software that are 25–30 years old.
Founded in 2017 after co-founder and current CEO, Adrian Camara, who previously worked as a lawyer in corporate finance and has realized that many archaic practices can be resolved around managing data and information.
Legal entity management software has historically been used to centralize director, officer, shareholder, tax and other entity data to create a single source of truth. Athennian is constantly adding new products to satisfy its customers as it is one of the very few cloud-based software companies that can integrate document generation, eSignatures, e-filing, project management to automate workflows, such as entity formation, appointments, transactions, annual compliance, and many more.
BCF Ventures has recognized Athennian’s potential back in early 2019 when we had introduced Athennian to our correspondent law firm BCF. From the outset, we were confident in Athennian’s scalability and success because we understood first-hand how the largest law firms would be using incumbent legacy software that are both extremely expensive and lagging in its technology. Since the time of our investment, we have had the immense pleasure of providing hands on support and guidance to the founding team. Whether it be introduction to potential customers, referrals to co-investors, introduction to successful executives as potential board members, we take pride in contributing to Athennian’s continued growth and development.
BCF Ventures could not be prouder of Athennian’s milestone achievement! We look forward to what lies ahead and are committed to providing ongoing support in any way possible.
