Thentia secures $10 million in Series B financing to ramp up US operations
Toronto-based government software startup Thentia has closed a $10 million CAD Series B round led by New York growth equity firm Spring Mountain Capital. The round, which consisted entirely of primary equity financing, also saw participation from existing investor BDC Capital.
Thentia intends to use the new funding to accelerate its go-to-market strategy and bring its cloud-based licensing software to more United States (US) government agencies. The startup plans to invest the capital in customer success, product development, marketing, and sales.
Thentia plans to use the funding to bring its cloud licensing software to more US government agencies.