2024 Revenue
$35M
Customers
100K
Funding
$48.2M
YOY
158.2%
Avg ACV
$350
Team
299
Founded
2016
How Vention CEO Etienne Lacroix grew Vention to $35M revenue and 100K customers in 2024.
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 |
|---|---|
| 2024 | Vention Hit $35m revenue in November 2024Source |
| 2024 | Vention Hit $17.1m revenue in October 2024 |
| 2023 | Vention Hit $13.6m revenue in December 2023 |
| 2021 | Vention Hit $3m revenue in April 2021 |
| 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 |
|---|---|---|---|---|
| 2020 | Funding round | $31.3M | - | - |
| 2019 | Funding round | $14M | - | - |
| 2018 | Funding round | $2.9M | - | - |
Vention Employees & Team Size
Vention employs approximately 299 people as of 2026, up from 285 in 2023.
Vention has 299 total employees in different roles and functions and 2 sales reps that carry a quota. They have 100K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Vention acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
Frequently Asked Questions about Vention
What is Vention's revenue?
Vention generates $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.
How many employees does Vention have?
Vention has 299 employees.
Where is Vention headquarters?
Vention is headquartered in Montreal, Quebec, Canada.
People Also Viewed

MetaCompliance
With 18+ years of experience in the Cyber Security and Compliance market, MetaCompliance provides an innovative solution for staff information security awareness and incident management automation. The MetaCompliance platform was created to meet customer needs for a single, comprehensive solution to manage the people risks surrounding Cyber Security, Data Protection and Compliance. The solution provides an easier approach to managing ISO27001, NIST and Cyber Security Resilience. Our focus on staff awareness and security risk management enables customers to benefit from functionality that includes eLearning, simulated phishing, policy management, incident management regulatory reporting. Our SaaS platform offers the highest quality cyber security and compliance training content available on the market. It is easy to use, engaging and regularly updated; allowing cyber and compliance professionals to track progress of their staff members and demonstrate human risk reduction. MetaCompliance has a unique focus on encouraging participation by employees with Personalised Security Awareness. This leverages behavioural science best practices to make security awareness meaningful for each employee. This means providing training content that is in the correct language and relevant to each person’s role and department. In addition, the content is customised to leverage brand loyalty, reflect the unique organisational practices and reflect their specific approach to threat mitigation. By leveraging the power of MetaCompliance, customers can optimise their cyber security and compliance response to meet the demands of today’s digital world.

Outseer
At Outseer, we are empowering our customers to liberate the world from digital fraud by providing solutions that stop fraud, not customers. Our market-leading enterprise fraud and authentication platform is used by thousands of financial institutions around the world to protect millions of customer accounts and billions of transactions annually. Leveraging proven data science, including our proprietary consortium data, our customers use our risk-based, machine learning platform to deliver the highest fraud detection rates, lowest false positive rates, and lowest customer intervention in the industry.

Cogstate
The brain is central to every aspect of our lives, yet it isn’t monitored with the same consistency and proactivity as other vital signs. As a neuroscience technology company, we believe that better brain health insights lead to better brain health outcomes. That's why we're on a mission to democratize cognitive health by radically simplifying the way it is measured. For more than 20 years, we’ve proudly supported the research needs of biopharmaceutical companies and academic institutions, and the clinical care needs of physicians and individuals around the world. We create easy to use digital tests that provide rapid, reliable, and science-backed results and offer solutions that support the highest fidelity measurements possible. We believe our team members should have flexibility as to how, when, and where they work. We work flexibly to support our global team, who mostly work from home––and offer opportunities for face-to-face collaboration at our offices in New Haven, Melbourne, and London. Our team members also have access to co-working spaces around the world.

Transfinder Corporation
Transfinder is a national leader in student transportation management systems and services.

Dryad Networks
Dryad provides ultra-early detection of wildfires as well as health and growth monitoring solutions for public and private forests.

Starfish Space
Starfish Space is an American satellite company focused on space rendezvous and satellite servicing. The company builds small space tugs to provide an on-demand in-space transportation service and is developing Otter, an autonomous satellite servicing vehicle.
Compare Vention to the industry
Vention operates across multiple industries. Browse revenue, funding, and growth data for Vention in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
