Velixo secures funds to boost ERP reporting & automation

Velixo has announced it has received a significant investment from venture capital firm Elephant as part of its Series A funding round, aimed at accelerating growth in its ERP-connected reporting and data automation capabilities within Excel.

Velixo, known for its ERP reporting and automation solutions integrated directly into Excel, is set to enhance its innovation roadmap and expand its global market reach with this new funding. According to Velixo, the investment will support deeper ERP integrations and increased AI-powered analytics.

"Velixo was built to eliminate the inefficiencies that slow businesses down," stated Gabriel Michaud, Founder and Chief Executive 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."

Velixo's platform is already integrated with several ERP systems including Acumatica, MYOB Acumatica, Cegid XRP Flex, and Sage Intacct, delivering real-time reporting, automated report distribution, and direct ERP updates from Excel. The software is credited with productivity gains of between 50% and 75%, reportedly saving users several days' worth of work per month.

Jack Connolly, Partner at Elephant, expressed support for Velixo's work by saying, "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."

Furthermore, Kim Clarke, MYOB Executive General Manager, Enterprise, also commented on the potential advantages of Velixo's solution for businesses. "Australia's mid-sized businesses are laser-focused on growth, so having the backing of cloud solutions that boost their productivity, streamline data, and offer greater real-time visibility is critical to guiding their success. Velixo is a powerful reporting tool that many of our MYOB Acumatica customers are benefitting from, and we look forward to seeing the capabilities that make it a strong addition to their ERP toolbox, continue to expand and adapt to serve these businesses."

Velixo has accumulated recognition within the industry, having won accolades such as Acumatica's ISV Partner of the Year Award, MYOB's Best Performing App Award, and a high rating on G2 for Financial Reporting Software. The company aims to further its impact on the market through continued innovations and enhancements to its services.

Jon Roskill, Chairman of the Board and early investor in Velixo, remarked, "Having been part of Velixo's journey from the start, I've seen firsthand how it has reshaped financial reporting and ERP analytics. 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."

Velixo remains focused on leveraging its Excel-native approach and advances in AI-driven automation to establish itself as a standard-bearer in financial and operational reporting services for businesses globally.