Funding round
Vena Growth
Reported as "Growth Equity"
Vena, which works in financial planning and analysis software development in Toronto, raised $115M in a Growth round announced on 9 Jan 2019, led by JMI Equity. 2 firms took part, 1 of them already investors. It is Vena's second venture round on record; the one before was a Series A in Jul 2016.
$115M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Vena did not disclose a valuation in this round. It came 30 months after Vena's Series A. It is 26% of the $445M Vena has raised in the venture rounds on record. Vena raised again 27 months later: a Series C round of $300M in Apr 2021.
Vena's funding rounds
Vena has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
JMI Equity led the round with 1 other firm. Centana Growth Partners had backed Vena before.
Lead investor
- backs 49 venture-backed companies new investor
Also in the round
- Centana Growth Partners existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
218 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 2.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jan 2019 | $1.50B | not disclosed | not named |
| Verily Tech Companies | 3 Jan 2019 | $1.00B | not disclosed | Silver Lake |
| Tech Companies | 8 Jan 2019 | $200M | not disclosed | K1 Investment Management |
| Tech Companies | 25 Jan 2019 | $105M | not disclosed | Accel-KKR |
| Keyfactor Tech Companies | 22 Jan 2019 | $77M | not disclosed | Insight Partners |
| Tech Companies | 9 Jan 2019 | $60M | not disclosed | Insight Partners |
| Cato Networks Tech Companies | 29 Jan 2019 | $55M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 9 Jan 2019 | $40M | not disclosed | JMI Equity |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Vena raise in its Growth round?
Vena raised $115M in its Growth round, announced in Jan 2019.
Who led Vena's Growth round?
JMI Equity led it, with Centana Growth Partners.
What was Vena's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
218 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 2.7 times the median.
Did Vena raise again after this round?
Yes: a Series C round in Apr 2021 of $300M.