Katana, an Estonian startup with an innovative manufacturing-based Enterprise Resource Planning(ERP) software secured US $11 million investment in its series A round of funding in February 2021, with Atomico and 42Cap as the major investors.
Investors: The main investors of the round include European venture capital firm Atomico and previous supporter 42Cap. Katana also received enthusiastic backing from angel investors namely: Ott Kaukver (Chief Technology Officer at checkout.com), Sten Tamkivi (CPO at Topia), Sergei Anikin (CTO, Pipedrive) and Kairi Pauskar (former TransferWise HR Architect).
Previously Katana had raised US $5.5 million, with an addition of another US $11 million. Katana is all set to double its team on product development.
About Katana: Katana was founded in 2017 by Kristjan Vilosius (CEO), Priit Kaasik (engineering lead) and Hannes Kert (CCO) and it describes itself as the Manufacturing entrepreneur’s secret weapon.
Katana has taken note of flourishing online marketplaces and Direct-to-customer e-commerce activities which has enabled hundreds of independent makers in cosmetics, electronics, apparel, food, beverages etc to join the manufacturing world.
The problem, however, according to Katana, is that small and medium manufacturers lack appropriate software to manage their day to day activities like accounting, supply chain operations, inventory control, bills tracking, optimization and more. This is where Katana comes in with its unique manufacturer’s Enterprise Resource Planning software which provides an organization a one-stop solution for managing all of its activities efficiently.
Some of the comprehensive services that the software provides are in the areas of raw material & bill of materials tracking, manufacturing floor-level control, outsource manufacturing, smart priority-based production planning and make to order & make to stock support. Besides, Katana also provides API and integration with popular e-commerce organizations/channels.
What the CEO has to say:
“We have built the world’s most self on-board-able manufacturing ERP, and that’s a very important differentiation between us and competitors. Implementation is so simple that more than half of Katana’s users self-onboard. It takes less than a week on average to get Katana up and running, compared to months for competitors.”–
Kristjan Vilosius CEO of Katana.
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