Athennian

About Athennian

Athennian operates as a cloud-based legal entity management platform, established to modernize how legal, finance, and tax teams manage corporate structures. Founded in Calgary, Canada, in 2016 by Adrian Camara, Josh Malate, and Shane Fast, the company was launched to address the lag in digital transformation within the legal industry.

The founding team's background provided a solid foundation for the venture. Adrian Camara, the CEO, is a lawyer who previously worked at McCarthy Tétrault LLP, specializing in corporate finance and mergers and acquisitions. His legal expertise and experience as Chief Product Officer at CloudFund Venture Financing Inc. informed Athennian's product strategy. Josh Malate, the COO, has a background in civil engineering and was an active technology investor before co-founding the company. Shane Fast, an electrical engineer turned software developer, brought the technical expertise, having been inspired by his father's entrepreneurial journey in the construction industry.

The company's platform is designed to serve as a central source of truth for entity data, targeting professional services firms and legal departments of mid-market and enterprise companies. It replaces traditional, often fragmented systems like spreadsheets and physical minute books with a unified, digital solution. Revenue is generated through a software-as-a-service (SaaS) model. The platform’s core function is to digitize and automate the management of corporate entities, helping to streamline workflows related to compliance, governance, and transactions. Features include document assembly, e-signature capabilities, compliance tracking, and the generation of organizational charts. Athennian also incorporates AI to assist with data extraction and reduce manual data entry. The system is built to handle complex, multi-jurisdictional corporate structures and integrates with other software such as Office 365, Google Drive, and DocuSign.

Since its inception, Athennian has achieved significant growth, marked by a 500% increase in annual recurring revenue over a two-year period leading up to its Series B funding in 2022. The company has secured a total of $46.7 million in funding over six rounds, with the latest being a $33 million Series B round in March 2022, led by Centana Growth Partners. This capital is being used to expand its team and further develop its product offerings.