Funding round
Vena Series A
Vena, which works in financial planning and analysis software development in Toronto, raised $30M in a Series A round announced on 26 Jul 2016, led by Centana Growth Partners. 1 firm took part. It is Vena's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Vena did not disclose a valuation in this round. It is Vena's first venture round on record, 5 years after it was founded in 2011. It is 6.7% of the $445M Vena has raised in the venture rounds on record. Vena raised again 30 months later: a Growth round of $115M in Jan 2019.
Vena's funding rounds
Vena has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Centana Growth Partners led the round.
Lead investor
- Centana Growth Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
505 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 4.3 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 22 Jul 2016 | $45M | not disclosed | not named |
| Tech Companies | 15 Jul 2016 | $16M | not disclosed | not named |
| Tech Companies | 26 Jul 2016 | $15M | not disclosed | Sequoia Capital |
| Tech Companies | 11 Jul 2016 | $14M | not disclosed | Shasta Ventures |
| Tech Companies | 19 Jul 2016 | $10M | not disclosed | not named |
| Tech Companies | 28 Jul 2016 | $10M | not disclosed | not named |
| Tech Companies | 27 Jul 2016 | $8.0M | not disclosed | not named |
| Tech Companies | 1 Jul 2016 | $7.5M | not disclosed | Dallas Venture Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Vena raise in its Series A round?
Vena raised $30M in its Series A round, announced in Jul 2016.
Who led Vena's Series A round?
Centana Growth Partners led it.
What was Vena's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
505 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 4.3 times the median.
Did Vena raise again after this round?
Yes: a Growth round in Jan 2019 of $115M.