Katana, a Tallinn, Estonia-based industry-leading manufacturing ERP software, announced that it closed a $35 million Series B funding, bringing the total funding to date to $51 million.
The round was led by global VC firm Northzone, with the participation from Lightrock, alongside previous investors Atomico and 42CAP.
Katana continues to be supported by its angel investors, including Sergei Anikin (former CTO at Pipedrive, also serving as Katana's Chairman of the Supervisory Board), Sten Tamkivi (Co-founder of NFTPort and former Skype executive), and Ott Kaukver (CTO of Checkout and former CTO of Twilio).
Funds will be used to scale up Katana's features for small to medium-sized manufacturers, allowing them to manage D2C and B2B sales in an intuitive, industry-leading software solution. To support these plans, Katana continues to expand its international team, which increased from 30 to over 140.
With Series B funding secured, Katana will continue developing its plug-and-play platform approach by introducing more advanced accounting integrations and world-class software services to an increasingly extensive app marketplace.
"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.
Since closing Series A in 2021, Katana has launched an open API, an app marketplace, and over 60 integrations and feature releases, laying the foundation for the next stage of Katana's evolution.
Company: Katana Technologies OÜ
Round: Series B
Funding Month: October 2022
Lead Investors: Northzone
Additional Investors: Lightrock, Atomico, 42CAP
Company Website: https://katanamrp.com/
Software Category: Manufacturing ERP Software
About the Company: Founded in 2017, Katana is a manufacturing ERP software used to manage business operations from sales to production. Katana offers everything companies need to keep manufacturing, uniting all the processes, tools, and software manufacturers with an intuitive and easy-to-use ERP. The software provides tools to get total inventory control for finished products and raw materials and to manage product variants and materials in one place. Katana's portfolio of over 1300 companies ranges from hobby makers to multi-million-dollar manufacturing businesses. Katana supports B2B and D2C workflows in tandem, and features like batch tracking make it possible to meet a broad range of industry-specific requirements with ease.