Tallinn-based Katana has raised $35 million in a Series B round. The startup offers makers just about everything they need to keep on making, corralling all the processes, tools, and software manufacturers require within an easy-to-use ERP. With the new influx of capital, Katana is expecting to expand its feature range, including supporting the more complex needs of SMB manufacturers with omnichannel sales strategies as continues to move upmarket.
Led by Northzone, an early investor in Spotify, Personio, and Trustpilot, the Series B round also saw the participation of Lightrock alongside previous investors Atomico and 42CAP. Additionally, Katana continues to be supported by a host of 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). To date, the startup has garnered $51 million.
“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,” said Katana founder and CEO Kristjan Vilosius. “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 that is having its own incredible renaissance.”