Announcing our latest deal: $115M in Growth Funding for Vena Solutions
I am very pleased to announce our latest deal: $ 115,000,000 CAD in growth funding for Vena Solutions.
Founded in 2011, Vena has built the leading mid-market enterprise software platform for budgeting, planning and forecasting with powerful reporting & analytics.
Vena believes that the finance function is the next one to be transformed through cloud-based data platforms. Much as sales and marketing have been. Today’s CFO needs to be data-driven and a true business partner. Vena makes that possible.
This round was led by JMI Equity with participation by existing investor Centana Growth Partners. JMI brings significant domain expertise in this industry, having been an investor in Adaptive Insights.
This deal is our first closing in 2019. It is our largest raise to date and is one of the largest raises ever for a Canadian private SaaS company. As with all of our 2018 capital raises, this deal was pre-empted, oversubscribed and competitive.
If you would like to learn more about our SaaS funding practice, please get in touch.
Founder, SurePath Capital Partners
About SurePath Capital
Based in Toronto and San Francisco, SurePath Capital Partners is the only investment bank focused exclusively on the global SMB software market. We work with sellers in this market to ensure they are funded for growth and positioned for meaningful exits. In addition, we work with buyers in this market to help shape their strategy and execute acquisitions.