2024 Revenue
$35M
Customers
100K
Funding
$48.2M
Avg ACV
$350
Team
299
Founded
2016
Vention Revenue & Funding (2024)
Vention generated $35M in revenue in 2024. Source: leadiq.com
Provider of a browser-based digital manufacturing platform created to design, order and assemble industrial equipment. The company's platform consists of a library of structural, motion and control components, a free cloud-based 3D Machine Builder and artificial intelligence-enabled 3D constraints, enabling users to design, order and assemble custom industrial equipment directly from a web browser easily.
Last updated
Vention Revenue
In 2024, Vention's revenue reached $35M. The company previously reported $17.1M in 2024. Since its launch in 2016, Vention has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Vention Hit $35m revenue in November 2024 | leadiq.com |
| 2024 | Vention Hit $17.1m revenue in October 2024 | Estimated |
| 2023 | Vention Hit $13.6m revenue in December 2023 | Estimated |
| 2021 | Vention Hit $3m revenue in April 2021 | Not recorded |
| 2016 | Launched with $0 revenue |
Vention Valuation, Funding Rounds
Vention has not publicly disclosed its valuation. The company has raised $48.2M in total funding to date.
Vention has raised $48.2M in total funding across 3 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $31.3M | - | - | Not recorded |
| 2019 | Funding round | $14M | - | - | Not recorded |
| 2018 | Funding round | $2.9M | - | - | Not recorded |
Founder / CEO
Etienne Lacroix
CEO
Etienne Lacroix is a business leader and entrepreneur building and turning around engineering-intensive businesses. He is the founder and CEO of Vention, a software and hardware platform that enables manufacturing professionals to automate their production in just a few days. Before Vention, Etienne spent five years at McKinsey & Company as an Associate Principal with the Operations and Product Development Practices. In this role, he led enterprise-wide strategic, operational, and turnaround programs at global industrial and high-tech companies. Before joining McKinsey, he held various positions in product management, product development, and supply chain at General Electric as part of the Technical Leadership Program. He holds an MBA from Harvard Business School and a BA in mechanical engineering from the École de Technologie Supérieure.
Customers
Vention serves 100K customers.
Vention Employees & Team Size
Vention employs approximately 299 people as of 2026, up from 285 in 2023, including 2 sales reps that carry a quota. It serves 100K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 299 employees (December 2024) | Not recorded |
| 2024 | Reached 296 employees (October 2024) | Not recorded |
| 2023 | Reached 285 employees (December 2023) | Not recorded |
| 2022 | Reached 320 employees (December 2022) | Not recorded |
| 2021 | Reached 230 employees (December 2021) | Not recorded |
| 2021 | Reached 148 employees (April 2021) | Not recorded |
Frequently Asked Questions about Vention
What is Vention's revenue?
As of 2024, Vention generated $35M in revenue.
Who founded Vention?
Vention was founded by Etienne Lacroix.
Who is the CEO of Vention?
The CEO of Vention is Etienne Lacroix.
How much funding does Vention have?
Vention raised $48.2M across 3 rounds.
How many employees does Vention have?
As of 2024, Vention had 299 employees.
Where is Vention headquartered?
Vention is headquartered in Montreal, Quebec, Canada.
Compare Vention to the industry
Vention operates across multiple industries. Browse revenue, funding, and growth data for Vention in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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