Vention Inc. of Montreal raises $17-million in financing led by Bain Capital Ventures [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Vention Inc. of Montreal raises $17-million in financing led by Bain Capital Ventures Vention Inc., a rapidly-growing Montreal startup that enables industrial manufacturing professionals to create, design and order custom equipment with a few mouse clicks, has secured $17-million in venture financing led by Bain Capital Ventures and backed by previous investors White Star Capital, Bolt Innovation Management and Real Ventures. “We’re building the next generation of industrial giant,” said Etienne Lacroix, an inventor and former McKinsey & Co. consultant whose firm grew to 44 employees from nine in the past year. Mr. Lacroix said revenue, which he declined to disclose, increased revenue 6 per cent during that period and he anticipates it will more than triple this year. “We’re in a market that is so big we know there’s a path to reach $1-billion in revenue.” Vention has created a platform Story continues below advertisement The company’s customers, industrial manufacturing professionals
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