▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

CIBC Innovation Banking Serves as Lead Arranger of a Syndicated Debt Facility for Vena Solutions

CIBC Innovation Banking announced today that it acted as Lead Arranger and Administrative Agent of credit facilities for Vena Solutions (“Vena”), an industry-leading Financial Planning and Analysi...

Business Wire

TORONTO: CIBC Innovation Banking announced today that it acted as Lead Arranger and Administrative Agent of credit facilities for Vena Solutions (“Vena”), an industry-leading Financial Planning and Analysis (FP&A) platform purpose-built to leverage the full power of the Microsoft technology ecosystem. The funding will provide Vena with the flexibility to pursue new channels for growth on its mission to help organizations and their finance teams drive long-term, sustainable growth.

Existing investors include Vista Equity Partners, JMI Equity and Centana Growth Partners.

As a Centaur-status company surpassing US$100 million in annual recurring revenue (ARR), Vena continues to advance its product roadmap and deepen its integration within the Microsoft ecosystem. This includes enhancing its industry leading AI-powered Complete Planning platform leveraging Microsoft Azure’s generative AI technology to help FP&A teams and their collaborators increase productivity, drive operational excellence and make better, faster decisions.

“The best organizations in the world have always leveraged the power of data alongside the strength of their teams to generate outsized returns and market impact,” said Hunter Madeley, CEO of Vena. “We exist to help our customers plan and execute at the highest levels and are dedicated to advancing our FP&A platform, enhancing AI-powered capabilities like Vena Copilot, and further expanding our integration within the Microsoft ecosystem. This investment enables us to accelerate product innovation, scale our global reach, and deliver even greater value to our customers.”

“We are thrilled to support Vena as they continue their leadership and growth in the FP&A space,” said Adam Weiers, Executive Director, CIBC Innovation Banking. “The company and its platform are well positioned to continue to tackle complex operating and strategic planning challenges and deliver value to their clients globally.”

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation.

About Vena

Vena is the #1 agentic AI-powered FP&A platform purpose-built to harness the full power of the Microsoft technology ecosystem for finance teams everywhere. Vena amplifies Microsoft's world-leading productivity tools, cloud technology and AI innovation to make FP&A, operational planning and adjacent strategic processes more flexible, efficient and intelligent. Thousands of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Resecurity to Exhibit at DSEI Japan 2025, Showcasing AI-Driven Cybersecurity…

Resecurity, a U.S.-based leader in cyber threat intelligence and risk management solutions, is proud to announce its participation in DSEI Japan 2025,…

Thiel Foundation Announces 2025 Class of Thiel Fellows

The Thiel Foundation has officially unveiled its 2025 class of Thiel Fellows, assembling a group of brilliant young minds from around the world who are…

Generational Group Advises Elarasys Worldwide, LLC and IT Hardware Plus,…

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Elarasys Worldwide,…

LICT Corporation Reports 2025 First Quarter Results

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ended March 31, 2025. Total revenues for the first…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!