Thentia builds and sells Thentia Cloud, a regulatory-technology platform used by regulators and regulatory agencies worldwide to manage licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, and data analysis. The company is led by CEO Julian Cardarelli and positions its platform as an alternative to legacy processes, custom-built solutions, and disparate applications. Thentia raised a $38M Series B extension to scale operations and propel accelerated growth. The company plans to invest the proceeds in artificial intelligence and to enhance its ability to meet the needs of its expanding global client base. Thentia emphasized investor support and called its platform “the regulatory platform of the future,” reflecting its strategic focus on technology-led product development. Thentia provides Thentia Cloud, a SaaS platform used by regulatory bodies and government agencies to manage data and licensing with automation and ease of use. Led by CEO Julian Cardarelli, the company serves public-sector customers and emphasizes product and engineering development alongside customer support. Thentia operates globally with teams in the United States, the United Kingdom, and Canada. The platform is trusted by regulatory bodies and government agencies worldwide and supports more than 8 million active licensees. The company intends to use recent funding to invest across product and engineering, and to scale customer-facing services and support teams. These investments are aimed at creating a consistent customer experience across all markets. Thentia offers Thentia Cloud, a proprietary cloud-based licensing platform that supports license registration and renewals, QA, complaints management, governance, finance, document management, analytics, and other regulatory functions. The company partners with licensing agencies across more than 90 occupations and industries coast-to-coast. Thentia grew rapidly in 2021, increasing its employee base by 300% over two quarters, with the majority of new hires based in the U.S. In 2021 it expanded market reach—announcing entry into Quebec and becoming the state-supported software provider for occupational licensing in Oklahoma—and is pursuing broader North American and EMEA expansion. Financially, Thentia secured a $15 million credit facility from Espresso Capital and earlier raised a $10 million Series B in May 2021 led by Spring Mountain Capital with participation from BDC Capital. The company intends to use the financing to fund investments and acquisitions, enhance its product, ramp sales and marketing, and pursue incremental revenue opportunities. Thentia is a Toronto-based GovTech Software-as-a-Service (SaaS) company offering Thentia Cloud, a platform for agencies to manage data and licensing. Led by CEO Julian Cardarelli, the company serves government customers with cloud-based licensing and data-management solutions. In April 2021 Thentia raised $10 million in a Series B financing. The company said it will use the funds to accelerate its go-to-market strategy and expand its position across the U.S. Thentia was founded in Canada and maintains operations in Chicago, IL. The Series B round was led by Spring Mountain Capital with participation from BDC Capital. Thentia is a Toronto-based cloud regulatory software company that provides B2B software-as-a-service solutions to the regulatory industry. Its flagship product, Thentia Cloud, offers a comprehensive collection of regulatory modules that track licensing and registration issuance and renewals, continuing education, public complaints, investigations and enforcement, auditing, data analytics, and governance. The platform serves regulatory bodies, licensees, and registrants across North America and has a major presence in the regulatory and licensure market. Led by CEO Julian Cardarelli, the company will use funds to expand sales and marketing worldwide and further innovate its cloud platform. Thentia closed a Series A equity financing of undisclosed amount with an investment from the Business Development Bank of Canada’s Industrial, Clean and Energy Venture Fund. The financing is intended to support growth and product innovation.

Total raised

$73M

Funding rounds

6

Latest round

Series B

Latest activity

Jan 2024