Funding round
Vena Series C
Vena, which works in financial planning and analysis software development in Toronto, raised $300M in a Series C round announced on 27 Apr 2021, led by Vista Equity Partners. 1 firm took part. It is Vena's third venture round on record; the one before was a Growth in Jan 2019.
$300M
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 came 27 months after Vena's Growth. It is 67% of the $445M Vena has raised in the venture rounds on record. No later venture round is on record for Vena.
Vena's funding rounds
Vena has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Vista Equity Partners led the round.
Lead investor
- Vista Equity Partners backs 43 venture-backed companies new investor
Joined the board: Kim Eaton (Vista Equity Partners) and Marc Teillon (Vista Equity Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
484 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Apr 2021 | $240M | $3.00B | Tiger Global |
| Tech Companies | 29 Apr 2021 | $150M | $1.50B | Tiger Global Management |
| Tech Companies | 1 Apr 2021 | $130M | $1.00B | Technology Crossover Ventures |
| Tech Companies | 27 Apr 2021 | $110M | not disclosed | Insight Partners |
| Tech Companies | 28 Apr 2021 | $100M | not disclosed | PFM Health Sciences LP |
| Tech Companies | 28 Apr 2021 | $75M | not disclosed | Unnamed Growth Equity Fund and unnamed leading growth equity fund |
| Tech Companies | 22 Apr 2021 | $72M | not disclosed | Tiger Global |
| Tech Companies | 21 Apr 2021 | $65M | not disclosed | DST Global and Redpoint Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Vena raise in its Series C round?
Vena raised $300M in its Series C round, announced in Apr 2021.
Who led Vena's Series C round?
Vista Equity Partners led it.
What was Vena's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
484 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median.