Vena Solutions Inc., a Toronto, Canada-based provider of cloud-based financial planning and analysis software, received $25m in growth capital financing.
CIBC Innovation Banking provided the financing.
The funding enables Vena to accelerate growth by further expanding product content and market reach.
Backed by JMI Equity, Vena has established its position as a market leader with more than 800 clients around the world. Vena connects existing systems with an Excel interface and integrated planning capabilities to help clients manage and grow their businesses. The platform streamlines key finance-led processes, including budgeting, forecasting, scenario analysis, reporting, financial consolidation and more.