Home PC News Vena Solutions Inc. Accelerates Growth with US$25 Million Financing from CIBC Innovation...

Vena Solutions Inc. Accelerates Growth with US$25 Million Financing from CIBC Innovation Banking

TORONTO–(BUSINESS WIRE)–September 3, 2020–

CIBC Innovation Banking is comfortable to announce a growth capital financing for Toronto-based Vena Solutions Inc. (“Vena”), a provider of cloud-based financial planning and analysis software program program. The funding permits Vena to hurry up growth by further growing product content material materials and market attain.

Backed by JMI Equity, Vena has established its place as a market chief with higher than 800 consumers across the globe. Vena connects present methods with an Excel interface and extremely efficient built-in planning capabilities to help consumers efficiently deal with and develop their firms. The platform streamlines key finance-led processes, collectively with budgeting, forecasting, state of affairs analysis, reporting, financial consolidation and additional.

“Vena provides a dynamic software solution that is easily adoptable, enables businesses to plan more effectively and grow with greater agility,” acknowledged Amy Olah, Executive Director in CIBC Innovation Banking’s Toronto office. “The software streamlines workflows, drives informed decision making and most importantly, saves time.”

“As a growth stage software company, CIBC Innovation Banking is just the team we need to propel our growth forward into the future,” acknowledged Vena Solutions’ Chief Financial Officer, Darrell Cox. “Not only do they offer a wide range of services that enable us to maintain our steep upward trajectory, they also really understand our space. We look forward to working with CIBC Innovation Banking as we take the next step in our journey and beyond.”

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash administration and funding to North American innovation firms at each stage of their enterprise cycle, from start as a lot as IPO and previous. With workplaces in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the crew has intensive experience and a strong, collaborative methodology that extends all through CIBC’s enterprise banking and capital markets firms inside the U.S. and Canada.

About Vena Solutions

Vena connects people, present methods and data to vitality finance-led enterprise planning and real-time reporting. Our Excel interface combines unmatched built-in planning capabilities with the world’s essential spreadsheet platform so cross-functional teams can work collectively beneath a shared imaginative and prescient. Vena presents you ease of use, flexibility, effectivity and scalability on a linked platform. Integrate info in precise time and perform finance-led planning processes, just like funds orchestration, agile forecasting, state of affairs modeling, reporting and analytics, financial consolidation and additional with ease. Over 800 of the world’s smartest firms map out their growth journeys with Vena. For additional knowledge, go to: www.venasolutions.com

Kathryn Lawler, [email protected], 416-242-1943

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