Today is a big day. Very excited to share our $21.5M Series A and our rebrand to Venn 🎉
Last year I did 12,260 minutes of customer calls. The year before, about half that.
It’s only been 2 years since we launched Venn and (almost) every minute since then has been spent on building the best financial platform for Canadian businesses.
We grew revenue >400% last year but that’s only a by-product of this time spent truly understanding our customers and building solutions to their problems.
Canadian businesses kept asking us to replace more and more of the archaic systems they were using. They wanted us to deeply embed into how they manage their finances. We started by helping companies save with better accounts and payments but now we’re truly integrated into how they work. Venn came naturally with this change.
Despite spending twice as long speaking with customers last year, I kept hearing the same story. Banking was eating the two most precious resources for a business, time and money. Teams were having to go into the branch, not have visibility over payments, and were paying sky-high fees.
Since switching to Venn, businesses have those precious resources back to invest in growing the business. In fact, more than 4,000 businesses count on Venn today, from your corner coffee shop to some of Canada’s leading brands. It’s a privilege to earn their trust. I’m incredibly thankful for this and will continue to earn it.
It feels like only yesterday Ahmed Shafik and I were sitting in my kitchen designing early mocks and trying to get our first customer.
We wouldn’t be here today without our amazing team Yisheng Guo, Yurii Shylov, Tom Keane, Leo Katz, Rushabh Parekh, Denys Boiko, Shani Mithani, Amin Azimi, Alphaeus Tan, Anton Riabov, and former employees!
Our day one investor Zachary Bratun-Glennon, thank you for your continued support and early vote of confidence.
Christian Ostberg, the fin team, and our amazing angel investors.
Welcome and thank you to our new investors joining us in this next chapter of Venn, including Left Lane Capital (Dan Ahrens), XYZ Venture Capital (Ross Fubini), Intact Ventures (Ben Belec, Michaela Hirsh, Justin Smith-Lorenzetti).
More on our fundraise and future in our blog below.
Now...if you made it this far:
1. We’re hiring for the best sales reps. If you’re ready to beat my 2024 record, reach out to me and let me know why you want to join Venn!
2. If you haven’t tried Venn yet, I’d love to show you what we’re all about. Grab time with me using the link in my profile or DM me.