Velixo secures funding to accelerate ERP reporting growth

Velixo, a SaaS provider specialising in Enterprise Resource Planning (ERP) reporting, has secured Series A funding from the venture capital firm Elephant.

The funding will support Velixo's growth and enhancement of its Excel-based solutions, which are integrated into platforms such as Acumatica, MYOB Acumatica, Cegid XRP Flex, and Sage Intacct. These solutions streamline reporting, budgeting, and automation tasks directly within Microsoft Excel.

"Velixo was built to eliminate the inefficiencies that slow businesses down," said Gabriel Michaud, Founder and CEO of Velixo. "We empower CFOs, finance teams, and operations leaders with an intuitive, bidirectional, real-time interface with their ERP directly inside Excel. This investment is validation of our vision and fuels our ability to innovate, accelerate AI-driven automation, expand our market presence, and deliver unmatched value to our customers."

Jack Connolly, Partner at Elephant, commented on the investment: "Velixo has built a category-defining product that finance and operations teams truly love. The seamless combination of ERP integration, Excel flexibility, and real-time insights is exceptionally powerful. Velixo's strong customer adoption, impressive growth trajectory, and unwavering commitment to user experience make them an ideal partner. We are thrilled to support their continued expansion."

Velixo has been recognised in the industry with several accolades, including the Acumatica's ISV Partner of the Year Award and MYOB's Best Performing App Award, highlighting its influence in financial reporting and ERP analytics.

"Having been part of Velixo's journey from the start, I've seen firsthand how it has reshaped financial reporting and ERP analytics," said Jon Roskill, Chairman of the Board and early investor in Velixo. "This funding positions Velixo to further push the boundaries of ERP-connected reporting and automation, making advanced data insights more accessible, automated, and intelligent for modern finance and operations teams."

Russell Slaymaker from Acumatica commented on the significance of Velixo's developments for the UKI business ecosystem, stating: "Velixo is a very important partner within our UKI ecosystem because of the great value they deliver to our mutual customers. The functionality their industry-leading Excel-based reporting and automation solutions provide is crucial to enhancing insights, improving efficiency, and driving agile decision-making for UKI businesses. I look forward to Velixo's continued growth and success and their augmented ability to contribute to the overall value of the Acumatica platform."

James Morgan at Tascoli, an Acumatica partner, also expressed optimism regarding the impact of the funding: "As an Acumatica Gold Partner in the UK, we have been impressed by Velixo's ability to transform how our clients approach financial reporting within Excel. Their significant Series A investment accentuates the need for solutions that bridge the gap between powerful ERP data and user-friendly tools. We're eager to see how this funding will encourage Velixo to further enhance their integration with Acumatica, allowing us to deliver even more sophisticated and impactful solutions for our UK customers."