OK-based Thentia secures $38million in series B round funding. The fundraise, led by existing investors including First Ascent Ventures, Spring Mountain Capital, BDC Capital, and Espresso Capital, reflects a continued commitment to Thentia’s vision.
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The funds will be strategically utilized to scale operations, propel accelerated growth, invest in artificial intelligence, and enhance Thentia’s ability to meet the evolving needs of its rapidly expanding global client base.
Richard Black, Co-Founder and Managing Partner, First Ascent Ventures said, “We are thrilled to continue our support for Thentia with this latest investment. The remarkable strides they’ve made, coupled with their unwavering dedication to innovation in the government technology space, solidify our confidence in their inevitable global prominence, As existing investors, we remain excited about the impressive momentum they have gained, and we look forward to witnessing their continued success in shaping the future of government technology and regulation,”.
Jamie Weston, Managing Director of Spring Mountain Capital said, “Thentia’s cutting-edge platform stands as a cornerstone for government agencies embarking on the journey of digital transformation. By seamlessly transitioning processes into the 21st century, Thentia empowers organizations to elevate user experiences for citizens while delivering indispensable data crucial for informed decision-making. These strides signify a pivotal shift in advancing government capabilities,”.
Will Hutchins, Managing Director, Espresso Capital said, “We’re pleased to continue our ongoing partnership with Thentia as it enters a new phase of rapid expansion and growth. The company’s cutting-edge platform delivers tremendous value to customers across North America and Europe by bringing innovation and efficiency to the regulatory industry,”.
Mark Smith, Partner of BDC Capital’s Industrial, Clean and Energy Technology (ICE) Venture Fund said, “Thentia has brought together an exceptional group of leaders and subject matter experts who grasp the unique challenges facing regulators, which has been an investor in the business since 2020. “Their differentiated expertise is what truly sets them apart and has enabled them to develop a platform that addresses key regulatory functions, and positions Thentia as a leader in the regulatory licensing category.”
About Thentia
Thoughtfully built for regulators, by regulators, Thentia is driving regulatory transformation for hundreds of regulators and regulatory agencies worldwide with a platform that handles all key department functions including licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, data analysis, and more.
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