JMI Equity

JMI Equity's $115 million investment in Vena


JMI Equity


$115 million


Emerging and High Growth Companies

Date Closed

January 2019

Lead Office


On January 9, 2019, Vena Solutions raised $115 million in its equity round ley by new investor JMI Equity. Vena will use the proceeds to scale its operations and expand its financial planning and analysis software business to its customers world-wide.

JMI is an American growth equity firm focused on investing in leading software, internet, business services and healthcare IT companies.

Vena is a Toronto based firm that provides cloud-based financial planning and analysis (FP&A) solutions for medium and large-sized companies to manage their budgeting, forecasting and business planning.

Osler, Hoskin & Harcourt LLP represented JMI with a team that consisted of Chad Bayne, David Jamieson, Justin Dharamdial, Alana McElhinney, Horatiu Porime (Corporate), Shari Cohen (Employment & Labour), Nathaniel Lipkus, Sydney Young and Jaymie Maddox (IP), Kristin Ali (Privacy), Simon Hodgett and Sam Ip (Technology) and Dov Begun (Tax).