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Vention receives a C$17 million investment from Bain Capital Ventures

Fasken
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Overview

Client

Vention

On January 15, 2019, Vention, a next-generation digital manufacturing platform for custom factory equipment, announced the completion of a CA$ 17M Series A financing round led by Bain Capital Ventures. This is the first time the venture arm of Bain Capital invests into a Montréal company.

Through this funding, Vention will accelerate the development of its cloud-based MachineBuilder 3D software and expand its modular hardware library. The Montréal company continues its rapid growth trajectory with 600% year-over-year growth, serving hundreds of clients in a variety of industries, including robotics, aerospace, and automobiles.

Fasken represented Vention in this transaction with a team led by Christian Jacques that included Jean-Nicolas Delage, Matthew Quadrini and Gabrielle Paris Gagnon.