CANADA – Arteria AI, a Toronto, Canada-based enterprise digital documentation company, received strategic investments from Citi SPRINT (Spread Products Investment Technologies), the strategic investing arm of the bank’s industry-leading Global Spread Products division, and BDC Capital.
Citi and BDC Capital join prominent FinTech investors Information Venture Partners and Illuminate Financial, along with StandUp Ventures and Golden Ventures. The amount of the deal was not disclosed. The capital will accelerate the company’s global growth and adoption of its differentiated low-code, data-centric approach to documentation. Led by Shelby Austin, CEO, Arteria provides a data powered enterprise digital documentation software platform that is used by the world’s largest banks to remove the need for legacy manual processes by structuring data during the documentation lifecycle to speed up decision-making processes for all stakeholders with a highly intuitive front-end. Arteria includes a series of product modules that can be used to help draft, negotiate and analyze documentation and contracts. The platform has been deployed at numerous top-tier global financial institutions.02/06/2022
