On January 9th, 2019, Vena Solutions announced a $115 million round of equity financing led by JMI Equity and joined by prior investor Centana Growth Partners. Based on Amalgam Insights’ discussions with Vena’s executive team, this funding will be used to expand Vena’s product, customer support, sales, marketing, and operations teams as well as to expand the customer base in the mid-market, where Vena has been successfully winning business over the past several years.
Amalgam Insights’ Market Milestones highlight and contextualize key announcements in enterprise technology markets. This Market Milestone provides guidance on why this funding round is an important milestone for mid-market FP&A in context of the red-hot FP&A market as well as important trends in Enterprise Performance Management product development and venture capital investment.
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