Velixo Secures Series A Funding from Elephant
Funding to Accelerate Growth and Innovation in ERP-Connected Reporting & Data Automation in Excel
MONTREAL, April 2, 2025
Velixo, the award-winning SaaS provider transforming real-time Enterprise Resource Planning (ERP) reporting, budgeting, and automation inside Excel, has secured a significant amount in Series A investment from Elephant, a venture capital firm known for backing high-growth software companies. This funding marks a pivotal moment in Velixo’s growth strategy, accelerating the expansion of its innovative, Excel-based solutions that are seamlessly integrated across the Acumatica, MYOB Acumatica, Cegid XRP Flex and Sage Intacct ecosystems. The investment will significantly advance Velixo’s innovation roadmap, enabling deeper ERP integrations, enhanced AI-powered analytics, and accelerated global market reach.
“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.”
Redefining ERP-Connected Solutions for Finance, Operations & Project Reporting
Trusted by thousands across industries including finance, accounting, construction, and project management, Velixo streamlines reporting, budgeting, and forecasting with real-time data and advanced automation. Fully integrated with Acumatica, MYOB Acumatica, Cegid XRP Flex and Sage Intacct, it provides real-time reporting, advanced drill-down capabilities, automated report distribution, and powerful writeback functionality; it eliminates manual exports, reduces errors, and enables direct ERP updates from Excel. Users see productivity gains of 50-75%, saving days of work each month.
“Velixo has built a category-defining product that finance and operations teams truly love,” said Jack Connolly, Partner at Elephant. “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.”
Accelerating Growth and Innovation
Velixo has received widespread industry recognition, including Acumatica’s ISV Partner of the Year Award, MYOB’s Best Performing App Award, and a top-rated position on G2 for Financial Reporting Software, underscoring its impact and leadership in the market.
“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.”
With its Excel-native approach, real-time ERP connectivity, and AI-driven automation, Velixo is positioned to become the gold standard in financial and operational reporting for businesses worldwide.
About Velixo
Velixo integrates cloud ERP systems with Microsoft Excel, providing real-time access to ERP data and powerful tools for reporting, budgeting, planning, data management, and automation. Designed for finance teams, project managers, and operations leaders, Velixo eliminates manual processes, accelerates decision-making, and enhances business efficiency—all within a familiar spreadsheet environment. Learn more at www.velixo.com
Media Contact:
Red Lorry Yellow Lorry on behalf of Velixo
[email protected]
About Elephant
Elephant is a venture capital firm focused on high-growth software, internet, and technology companies. With a proven track record of investing in innovative SaaS businesses, Elephant partners with visionary entrepreneurs to help them scale and build market-leading solutions.