Una Software announced it has closed its seed financing, bringing total funding raised to $13 million, as the Toronto-based company looks to scale its AI-powered financial planning and analysis platform for midmarket and enterprise finance teams. The company also announced that Michael Morrison, previously CEO of Fluence Technologies and Jirav, has been appointed chief executive officer.
Co-founder Clayton Ramnarine, who has led Una from inception through its recent growth phase, will move into the role of chief revenue officer, with a focus on global go-to-market expansion and customer success. Don Mal, executive chairman and co-founder, said the leadership changes are designed to help Una capitalize on rising demand for AI-native FP&A tools and accelerate global expansion.
Una framed the announcement as the culmination of a “record-breaking year,” pointing to rapid commercial expansion since launch, new customer partnerships, and continued product development. The company highlighted recent releases, including AI-powered predictive forecasting, an AI Finance Assistant, and an enhanced action tracker, alongside a broader push to expand beyond FP&A into corporate performance management capabilities. Una also said it was recently recognized in the Nucleus Research 2026 CPM Technology Value Matrix.
Morrison brings more than 25 years of experience in the Office of the CFO software market, including leading Fluence Technologies through its acquisition by Anaplan in 2024 and earlier executive roles at Cognos, Appli,x and IBM. He also previously led Datawatch Corporation through its acquisition by Altair Engineering in 2018.
Staircase Ventures, which led Una’s seed round, described Una as a potential category definer and cited the company’s pace of product evolution and sales growth. Una said proceeds from the round will be used to deepen its AI agent framework, expand its global template library, and scale sales, marketing, and partnerships to meet demand.
KEY QUOTES
“We have reached an inflection point where our AI capabilities are transforming how finance teams operate, and the market demand is undeniable. Bringing Michael Morrison on board is a strategic move that allows us to scale our operations globally. And I am thrilled Clayton will focus on what he is most passionate about: working directly with our customers and driving the aggressive sales strategy that will put Una in the hands of every modern CFO.”
Don Mal, Executive Chairman and Co-Founder, Una Software
“FP&A technology is entering the next generation – AI-native, adaptive platforms that learn and evolve with the business. With $12 million in capital, a product built for this inflection point and an outstanding leadership team, Una is positioned to redefine how CFOs plan, predict and execute with confidence.”
Michael Morrison, Chief Executive Officer, Una Software
“Una is setting the standard for AI in finance, as evidenced by their remarkable product evolution and sales growth since launch. Pairing Don Mal’s track record and Clayton Ramnarine’s commercial drive with Michael Morrison’s scaling expertise gives the company a world-class leadership team at exactly the right moment.”
Janet Bannister, Founder and Managing Partner, Staircase Ventures
