Estonian startup Katana raises €36M in a Series B round
13 October, 2022, 15:45
Tallinn-based startup Katana has raised €36 million in a Series B round of funding led by Northzone. The company develops a manufacturing and inventory software that helps businesses to scale up, Silicon Canals informs.
- Founded in 2017 by Hannes Kert, Kristjan Vilosius, and Priit Kaasik, Katana brings manufacturing software into the digital era. Its plug-and-play software supports SMEs to deal with real-time workflows, boosting productivity, and enabling material inventory control.
“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,”Kristjan Vilosius, Katana’s founder and CEO, comments.
- A global VC firm Northzone led the funding. Since the fund was established in 1996, it has raised over €1.5 billion and partnered with the founders of Spotify, Avito, iZettle, Klarna, and Hopin. The round also saw participation from an impact-focused growth investor Lightrock and previous investors Atomico and 42CAP.
- In 2021, Katana closed a $11 million Series A round of funding. Since then, it has launched an open API, app marketplace, and over 60 integrations and feature releases. Now, Katana is serving over 1300 companies across 80 countries.
- The company will use the fresh funds to improve and scale features designed for small to medium-sized manufacturers.