CPM software company Vena secures $30 mln in funding
Vena Solutions, a cloud-based corporate performance management (CPM) software provider, has secured about $30 million in financing. U.S. growth equity firm Centana Growth Partners led the round, which builds on prior investments by Difference Capital and Klass Capital. Founded in 2011, Toronto-based Vena has created a CPM solution for a wide range of spreadsheet-driven finance and accounting processes. In the past five years, it has seen over 100 percent growth in customers and annual recurring revenue, the company reported. Vena plans to use the funds raised to invest in new hires, product development, sales and marketing, and other priorities.
26 July 2016•3 mins read
