Katana announced $11M Series A led by Atomico.
Katana, a Talinn, Estonia-based manufacturing ERP developer, announced securing $11 million in a series A capital funding round.
The money was raised from investors led by the UK-based VC Atomico. The deal included participation from angel investors Ott Kaukver, Sten Tamkivi, Sergei Anikin and Kairi Pauskar and from earlier investor 42CAP.
As part of this investment, Atomico Partner Ben Blume joins the board.
Katana, founded in 2017 bY Hannes Kert, Kristjan Vilosius (CEO) and Priit Kaasik, developed a plug-and-play manufacturing ERP (enterprise resource planning) software for SMEs supporting manufacturing operators with real-time workflows, boosting productivity and enabling material inventory control.
The platform is compatible with popular e-commerce sales channels and accounting tools such as Shopify, Amazon, WooCommerce, QuickBooks or Xero and has been used by 1,500 businesses since launch.
Prior to this round, Katana raised almost $5 million.