California-based Centana Growth Partners led the funding round, which Athennian said it would use to “support more clients and meet the increasing need for digital automation.” Athennian’s software allows legal, tax and finance teams to manage their client base and track data in areas like legal compliance. (The Logic)
Talking point: The funding comes as the Calgary-based company and other upstarts see an opportunity to siphon clients from more established players like Dye & Durham, which has been criticized for price hikes in recent years. Athennian, for its part, now counts major legal firms Dentons, Torys and Fasken among its customer base. A spokesperson for the company said interest in Athennian’s platform has been increasing in recent years, and that the economic sanctions that western governments have imposed on Russia have further propelled demand for its software, as legal teams race to ensure compliance for clients with ties to the country.