Katana raises US$11mn Series A to develop manufacturing ERP
With ambitions to be “the manufacturing Entrepreneur’s secret weapon,” Katana has raised US$11mn in a Series A investment round “to accelerate the speed of building and delivering new features and continue improving the customer experience.”
Alongside an early investment made by 42Cap, the funding investment round led by Atomico - with participation from several angel investors - brings its total investment funds raised to US$16mn. As part of the investments, Ben Blume, Partner at Atomico will join Katana’s board.
“From the first time we met Kristjan, we were incredibly impressed by the clarity of his vision to transform operations for modern manufacturers globally, and his step-by-step plan for how to achieve this,” commented Ben Blume, Partner at Atomico.
"Atomico has always believed in the strength of Estonian built engineering and product, and as we got to know the team at Katana, we saw a familiar pattern: a relentless product-focused team with the incredible ability to build and think from their customer’s point of view, and an unwavering belief that a new generation of manufacturers with big ideas shouldn’t have to settle for less than world-class technology to support them,” he added.
Future plans for Katana
With ambitions to modernise and enable all manufacturing entrepreneurs across the world access to best in class manufacturing ERP, Katana’s latest investment funds will further the organisation’s plans to help its customers to boost productivity and scale their business, by growing its team and increasing the pace that it can improve its products.
“We will use the funding to scale our team and keep developing the product to serve and delight an even larger number of manufacturers daily and continue to build Katana towards the best manufacturing software for modern manufacturing in the world,” commented Kristjan Vilosius, Katana Co-founder and CEO.
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