TORONTO, April 16, 2025--(BUSINESS WIRE)--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.

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Contacts

Deb Rowe, deborah.rowe@cibc.com, 416-586-7019