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Vena Solutions

Can an Excel-native FP&A platform become the default Complete Planning layer for the Microsoft 365 finance stack?

Founded2011
HQToronto, Ontario, Canada
Latest roundSeries C
IndustryHorizontal SaaS / FP&A
The story

Vena began as an Excel-native budgeting and forecasting tool and has evolved into a 'Complete Planning' platform tightly aligned with the Microsoft 365 ecosystem (Excel, Power BI, Teams, Azure). The recent strategic axis is AI: Vena Copilot for FP&A is built on Microsoft Azure OpenAI Service, deepening the Microsoft partnership. Vena is not an embedded-finance company — it is an FP&A SaaS vendor whose customers include banks and credit unions, but it does not itself issue cards, hold deposits, lend, or move money.

Last 12 months
2025-04
2024-08
Product timeline
2011
Vena Solutions founded in Toronto as an Excel-native FP&A planning platform.· founding
2019
Major Series C growth round; expansion of FP&A platform beyond budgeting into close, consolidation, and reporting.· product
2024
Launched Vena Copilot for FP&A (generative AI powered by Microsoft Azure OpenAI Service).· product
2025
Surpassed US$100M ARR (Centaur status); CIBC Innovation Banking led syndicated debt facility.· milestone
The stack
Accounting
NetSuiteSage IntacctQuickBooksSAPAcumaticaXeroMicrosoft Dynamics 365 Business CentralMicrosoft Dynamics 365 Finance & OperationsSalesforce CRMMicrosoft Dynamics CRMHubSpot CRMADPWorkdayDayforceBambooHRSnowflakeAmazon RedshiftGoogle BigQueryMicrosoft OneLakeMicrosoft AzureMicrosoft SharePointMicrosoft OneDriveDropbox
Accounting gap: none