Website Worth domain valuewebsite worth domain value Katana raises $11M Sequence A to be the SaaS powering ‘manufacturing entrepreneurs’ – TechCrunch - Flowing News

Katana raises $11M Sequence A to be the SaaS powering ‘manufacturing entrepreneurs’ – TechCrunch

Katana, an Estonian startup that has constructed manufacturing-specific enterprise useful resource planning (ERP) software program for SMBs, has raised $11 million in Sequence A funding.

Main the spherical is European enterprise capital agency Atomico, with participation from angel buyers Ott Kaukver ( CTO), Sten Tamkivi (CPO Topia, previously Skype), Sergei Anikin (CTO, Pipedrive) and Kairi Pauskar (former TransferWise HR Architect). Earlier backer 42Cap additionally adopted on, bringing the overall funding raised by the corporate so far to $16 million.

Based in 2017 by Kristjan Vilosius (CEO), Priit Kaasik (engineering lead) and Hannes Kert (CCO), Katana positions itself because the “entrepreneur producer’s secret weapon” with a plug-and-play ERP for small to medium-sized producers. The concept is to wean corporations off present antiquated instruments equivalent to spreadsheets and legacy software program to handle stock and manufacturing. The startup can be enjoying into macro tendencies, equivalent to the appearance of on-line marketplaces and D2C e-commerce, which can be leading to an explosion of unbiased makers, spanning cosmetics to residence décor, electronics to attire, and meals and drinks.

“We’re seeing a world renaissance of small manufacturing pushed by the rise of e-commerce instruments and client demand for bespoke merchandise produced domestically,” says Vilosius. “Simply stroll round any massive metropolis from London to San Francisco, and also you’ll see workshops throughout you. Somebody’s making natural cosmetics right here; over there, somebody is making electrical bikes. These corporations are run by passionate entrepreneurs promoting by means of conventional channels, but additionally promoting by means of direct-to-consumer channels, e-commerce shops and marketplaces, and so forth. It is a large growth of makers eager to create merchandise and promote them globally, and it isn’t a development that can disappear tomorrow”.

The issue, nevertheless, is that small and medium-sized producers don’t have the suitable software program to assist workflows essential to promote by means of a number of channels — and that is the place Katana is available in. The plug-and-play software program claims a superior UX designed particularly to energy boutique manufacturing, together with performance supporting the workflows of contemporary producers, i.e. stock management and optimization, and buying supplies, managing bill-of-materials, monitoring prices and extra. It additionally affords an API and integrations with standard e-commerce gross sales channels and accounting instruments equivalent to Shopify, Amazon, WooCommerce, QuickBooks, Xero and others.

“We’ve constructed the world’s most self on-board-able manufacturing ERP, and that’s an important differentiation between us and rivals,” explains Vilosius. “Implementation is so easy that greater than half of Katana’s customers self-onboard. It takes lower than per week on common to get Katana up and working, in comparison with months for rivals”.

For example of how an organization would possibly use Katana, think about a boutique producer utilizing Shopify as their foremost gross sales channel. As soon as configured, Katana pulls in orders from Shopify and is aware of whether or not or not the product is on the market so it may be shipped instantly. If it’s unavailable, Katana shows if the required uncooked supplies wanted to fabricate are in inventory and by when the product could possibly be completed. “We deal with your complete course of from getting the uncooked supplies within the warehouse to planning manufacturing actions, executing and transport when the product is finished,” says Vilosius.

Katana software screen shot

Picture Credit: Katana

Cue assertion from Atomico accomplice Ben Blume, who joins the Katana board: “Atomico has all the time believed within the energy of Estonian-built engineering and product, and as we bought to know the crew at Katana, we noticed a well-recognized sample: a relentlessly product-focussed crew with the unbelievable potential to construct and assume from their buyer’s standpoint, and an unwavering perception {that a} new era of producers with massive concepts shouldn’t must accept lower than world-class expertise to assist them.”

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