Vention logo
Founded 2016

Vention

2021 Revenue

$3.0M

YOY

Funding

$48.2M

How Vention hit $3.0M in Revenue with 100K Customers in 2021.

About Vention

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.

Monthly Revenue

$253.1K

Total Expenses

$253.1K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

MontrealQuebecCanada
$Funding$Revenue

Vention Revenue

In 2021, Vention revenue run rate hit $3.0M in revenue.

$3.0M

Vention Valuation and Funding History

Vention has raised a total of $48.2M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
06/02/2020$31.3M
01/15/2019$14.0M
01/16/2018$2.9M

Customers

Vention has 100K customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

Vention has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Vention has 148 employees. They have 2 sales reps that carry a quota They have an engineering team of 1. and a marketing team of 1.

2021
DistributionQty

Total Team Size

148

Engineers

1 (1%)

Sales

2 (1%)

Marketing

1 (1%)

CEO/Founder

Etienne Lacroix

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.


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about Vention

When was Vention founded?

Vention was founded in 2016.


Who is the CEO of Vention?

The CEO of Vention is Etienne Lacroix


How many employees does Vention have?

Vention has 148 employees.

How much revenue does Vention generate?

Vention generates $3.0M in revenue.


How much funding does Vention have?

Vention has raised $48.2M.


Where is Vention headquarters?

Vention is headquartered at MontrealQuebecCanada

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