Vena Solutions
 | The topic of this article may not meet Wikitia's general notability guideline. |
| Private | |
| Industry | FP&A, Software as a service |
| Founded | 2011 |
| Founder |
|
| Headquarters | Toronto, Ontario, Canada |
| Website | www |
Vena Solutions is a Canadian software as a service company that offers subscriptions to its eponymous cloud-based financial planning and analysis (FP&A) software.[1]. Headquartered in Toronto, with satellite offices in the United States, the United Kingdom, and India[1], Vena’s platform provides modeling, analysis, reporting and agentic AI capabilities for financial professionals.[1]
History
Vena was founded in April 2011 by entrepreneurs Rishi Grover and George Papayiannis. Don Mal subsequently joined as the CEO and third co-founder in August 2011.[1]
Vena raised $30 million in a Series A venture capital round led by Centana Growth Partners in July 2016.[2] A subsequent Series B round of $115 million from JMI Partners and Centana Growth Partners was announced in early 2019.[3]
Mal left the company in August 2019. Hunter Madeley, a former sales executive at HubSpot, Salesforce and ADP, was appointed CEO that same month.[4]
Vista Equity Partners took a minority stake in the company as part of its Series C investment of $242 million in April 2021.[5] Papayiannis left his role as Chief Technology Officer in late 2021, but continues to serve on the board.[6] Grover continues to hold the position of Chief Solutions Architect.[1]
In total, Vena has raised $272.8 million across five funding rounds.[1]
Technology
The company’s primary offering is the Vena Complete FP&A Platform, which offers full integration with Microsoft Excel and other Microsoft products, using proprietary database technology, Vena CubeFLEX, to provide corporate financial budgeting, forecasting, planning, consolidation, reporting and analytics solutions.[7]
In 2024, Vena released Vena Copilot for FP&A, a generative AI service building off of Microsoft Azure OpenAI Service large language models.[8]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "CB Insights". app.cbinsights.com. Retrieved 2025-10-16.
- ↑ Galang, Jessica (2016-07-26). "Toronto-based Vena Solutions raises $30 million to continue global growth, product development | BetaKit". Retrieved 2025-10-08.
- ↑ "Toronto's Vena secures $115-million in financing from U.S. private-equity firms". The Globe and Mail. 2019-01-09. Retrieved 2025-10-08.
- ↑ Brooks, Steve (2019-08-09). "Vena Solutions appoints new CEO". Enterprise Times. Retrieved 2025-10-08.
- ↑ Azevedo, Mary Ann (2021-04-27). "Vista Equity takes minority stake in Canada's Vena with $242M investment". TechCrunch. Retrieved 2025-10-08.
- ↑ "CB Insights". app.cbinsights.com. Retrieved 2025-10-16.
- ↑ Solutions, Vena. "Why Choose Vena? | Vena Solutions". www.venasolutions.com. Retrieved 2025-10-08.
- ↑ Akhilesh, VVVD (May 22, 2024). "Harnessing the Power of AI in Financial Planning: Vena Copilot for FP&A, a Complete Planning AI Assistant". QKS Group.
External links
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