Katana raises $11 million for smart ERP software built for manufacturers
Summary
Katana, an enterprise resource planning (ERP) platform for the manufacturing industry, has raised $11 million in a series A round of funding led by Atomico. Founded out of Tallinn, Estonia, in 2017, Katana touts itself as the “manufacturing entrepreneur’s secret weapon,” one that is seeking to power local production for smaller businesses. Indeed, there has been a growing micro-manufacturing trend over the past decade, where smaller local manufacturers are selling direct-to-consumer (D2C) thanks in part to the proliferation of ecommerce tools and cloud computing. And this is the market that Katana is seeking to serve with a plug-and-play ERP platform that integrates with tools and marketplaces such as Shopify, Amazon, eBay, Magento, WooCommerce, Xero, and QuickBooks to improve productivity and material inventory control. “We are seeing a global renaissance of small manufacturing driven by the rise of ecommerce tools and consumer demand for bespoke products produced locally,” Katana CEO and cofounder Kristjan Vilosius told VentureBeat.
Funding
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