Xentral Raises $75 Million in Series B

by Kay Aloha Villamor in September 6th, 2021

Xentral is Augsburg-based that develops Enterprise resource planning (ERP) and Customer relationship management (CRM) software solutions for small and medium-sized businesses, raised $75 million (€63.73M) in Series B funding.

The round was co-led by Tiger Global and Meritech; existing investors, including Sequoia Capital, Visionaries Club, and Freigeist, also participated in this round.

The funds will help the company invest in R&D to fuel product advancements such as a better user experience, further expanding the AppStore, strengthening the existing ecosystems, and bringing in new partners.

Company: Xentral ERP Software GmbH

Raised: $75.0M

Round: Series B

Funding Month: August 2021

Lead Investors: Tiger Global and Meritech

Additional Investors: Sequoia Capital, Visionaries Club, and Freigeist

Company Website: https://xentral.com/

Software Category: ERP & CRM Software Solutions

About the Company: Founded by husband-and-wife duo Benedikt and Claudia Sauter, Xentral provides startups and SMEs with an “easy-to-use” and cost-effective ERP system. Its lean ERP solution allows companies to digitise and automate back-end procurement, order and warehouse management, packaging, fulfilment, and accounting. SMEs from all industries can use Xentral to access more than 1,000 functions in the areas of sales, product, logistics, finance, team, and project management. The software takes over from order processing to delivery and offers users an intelligent platform for organising their business areas.

Source: https://siliconcanals.com/crowdfunding/xentral-raises-63-7m/

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