Tallinn-based Katana has raised $11 million to scale its leading manufacturing ERP (enterprise resource planning) platform for SMEs producing locally, selling online globally.
The startup says it’s on a mission to be the manufacturing entrepreneur’s secret weapon and wants to power “the local production revolution”, noting that consumer demand for sustainable and locally-product products is on the rise.
The manufacturers of such products are stuck with outdated or expensive software, which is why the Baltic startup has built a plug-and-play ERP. Katana claims to tackle the key pain points of manufacturing businesses with $100,000 - $100 million in revenue, boosting productivity by 80 percent on average and giving control over material inventory.
Since its founding 2017, the company has worked with over 1,500 product-making businesses, spanning consumer and B2B industries in countries from the US to New Zealand.
The Series A round was led by Atomico with participation from 42Cap and angel investors Ott Kaukver (Checkout.com; Twilio), Sten Tamkivi (Topia; Skype), Sergei Anikin (Pipedrive) and Kairi Pauskar.
Katana will use the new funding to build out its team and the product. The new round brings its total funding to $16 million. As part of the deal, Atomico Partner Ben Blume will join the board.
Photo: co-founders Kristjan Vilosius, Priit Kaasik and Hannes Kert