Document workflow platform Athennian has closed a $550,000 funding round from leading investors and has secured PwC Law – the Canadian tax and immigration law arm of PwC – as its first global customer.
Athennian, which is based in Calgary and was formerly called Paper, brings together document assembly, digital signature, approval workflows and shared workspaces.
The funding round was led by Athennian director James Lochrie, with institutional investors including BlueSky Equities, Harvey Partners, Castle Financial, and Viewpoint Investment Partners were institutional investors on the deal as well as a number of individuals.
“It’s very exciting to see how quickly the market is aligning behind Athennian to transform legal services, particularly in the entity management and compliance category. This funding round is to support proving out some short term opportunities with significant capital available to accelerate the mission” said Lochrie.
“Clients want an integrated global service, simpler and more digestible output, providers with deeper understanding of their business, and processes to which their in-house teams can actively contribute,” said Jean-Philippe Couture, Partner, PwC Law, which has lawyers in Toronto, Montreal, Vancouver and Calgary. “We’re thrilled that this platform will help clients focus more time with their customers.”
“We are very fortunate to be supporting ambitious leaders rethinking how legal work can be optimized for client experience and scalability by leveraging our software platform,” says Adrian Camara, CEO of Athennian.
Ottawa based Momentum Law was an early adopter of the Athennian technology and CEO Megan Cornell said: “Athennian is one of the few new technologies targeted at the legal market that makes teamwork possible.”