1.5 C
Thursday, February 29, 2024

Estonian SaaS startup closes $35M Series B to scale an industry-leading manufacturing ecosystem for SMBs

- Advertisement -

Tallinn-based smart manufacturing and inventory software provider Katana has raised $35M in Series B funding led by global VC firm Northzone, bringing the total funding to date to $51 million. The round also saw participation from Lightrock, Atomico, 42CAP, Sergei Anikin, Sten Tamkivi and Ott Kaukver. With Series B funding secured, the startup will be able to scale up the software’s features for small to medium-sized manufacturers, allowing them to manage D2C and B2B sales in an intuitive, industry-leading software solution. Plus, Michiel Kotting from Northzone will be joining the board.

Founded in 2017, Katana offers everything companies need to keep manufacturing, uniting all the processes, tools, and software manufacturers require with an intuitive and easy-to-use ERP. Global from day one, Katana’s portfolio of over 1300 companies ranges from hobby makers to multi-million dollar manufacturing businesses. To date, Katana’s founding team has raised over $51 million in funding from VC firms and angel investors and scaled its team of six to 140 employees across North America, Europe, Asia, and Oceania.

Since closing Series A in 2021, Katana launched an open API, app marketplace, and over 60 integrations and feature releases, laying the foundation for the next stage of Katana’s evolution. With Series B funding secured, Katana will continue to develop its plug-and-play platform approach by introducing more advanced accounting integrations and more world-class software services to an increasingly extensive app marketplace.

To support these plans, Katana continues to expand its international team, which increased from 30 to over 140 since the close of Series A. Introducing new product development teams will amp up feature releases while expanding customer support teams globally will ensure that stellar customer satisfaction continues to be a key differentiator as Katana serves new markets and larger customers.

Katana, Kristjan Vilosius“I am thrilled to welcome investors to our board who share our team’s vision. We’re equally grateful for the continued support of our previous investors and angel investors. From offering software to single-person workshops to bigger and bigger manufacturers over time, Katana now serves over 1300 companies across 80 countries. This investment helps us continue to develop a manufacturing ERP platform customers love, as well as offer support to an under-served market which is having its own incredible renaissance.”, says Kristjan Vilosius, Katana’s Founder and CEO.

Katana, Northzone, Michiel Kotting“We’ve been deeply impressed with Kristjan and the team, who combine strong product skills, essential to building something as complicated and powerful as a basic ERP system, with commercial savviness and drive. We believe this unlocks the next category in modern-day, modular, user-friendly software, and has the potential to be a defining business in that category” adds Michiel Kotting, a partner at Northzone, also joining Katana’s board.

Click to read more funding news.

- Advertisement -
Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

Related News

Stay Connected


Latest News