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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
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.
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 | - | - | |
| 2019 | Funding round | $14M | - | - | |
| 2018 | Funding round | $2.9M | - | - |
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.
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Vention serves 100K customers.
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.
Vention generates $35M in revenue.
Vention was founded by Etienne Lacroix.
The CEO of Vention is Etienne Lacroix.
Vention raised $48.2M across 3 rounds.
Vention has 299 employees.
Vention is headquartered in Montreal, Quebec, Canada.
Vention operates across multiple industries. Browse revenue, funding, and growth data for Vention in each sector below.
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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2024 Revenue
$35M
Customers
100K
Funding
$48.2M
Avg ACV
$350
Team
299
Founded
2016
| 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 | |
| 2016 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 299 employees (December 2024) | |
| 2024 | Reached 296 employees (October 2024) | |
| 2023 | Reached 285 employees (December 2023) | |
| 2022 | Reached 320 employees (December 2022) | |
| 2021 | Reached 230 employees (December 2021) | |
| 2021 | Reached 148 employees (April 2021) |
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