Helping makers to keep on making, Tallinn-based Katana has closed a $35 million Northzone-led Series B round.
Tallinn-based startup Katana gathered $35 million in its Series B funding round. The firm offers a complete software package for manufacturers that includes an ERP and all the software tools and processes they need. The package also includes documentation and sales strategies for manufacturers with omnichannel business models. Katana expects to add even more features with the funding increase, including more complex needs that require special support from the software development team.
Led by Northzone, an early investor in Spotify, Personio and Trustpilot, Lightrock participated in the Series B round with previous investors Atomico and 42CAP. In addition, Katana continues to be backed by various angel investors, including Sergei Anikin (former CTO of Pipedrive, who also serves as Katana’s chairman of the board), Sten Tamkivi (co-founder of NFTPort and former Skype executive), and Ott Kaukver (checkout’s CEO) CTO and former CTO of Twilio). The startup has raised $51 million to date.
“I am delighted to welcome investors to our board who share the vision of our team. We are grateful for the continued support of our past investors and angel investors,” said Katana founder and CEO Kristjan Vilosius. “From delivering software to one-man workshops to larger and larger manufacturers over time, Katana today serves more than 1,300 companies in 80 countries. This investment helps us advance customer love ERP platform for manufacturing and supporting an underserved market is undergoing its incredible renaissance.”
