Xentral raises $20 million from Sequoia Capital

Xentral, a Munich (Augsburg), Germany-based SAAS developer of ERP and CRM solutions, announced closing in a $20 million series A investment round.

The money was raised from a range of investors led by the American VC Sequoia Capital and including contributioons from Visionaries Club. Luciana Lixandru of Sequoia and Robert Lacher of Visionaries will also join the board of directors.

Xentral, founded in 2017 by Claudia Sauter and CEO Benedikt Sauter, develops enterprise resource planning software providing a variety of back-office functions for the average online small business.