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Katana Closes $35M Series B to Scale an Industry-Leading Manufacturing Ecosystem for SMBs
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Made in Emerging Europe: Loc.tax, Avokaado, ZELF, Katana
March 1, 2021
Emerging Europe’s start-up scene is thriving: new money is pouring into the market all the time. To keep you up to date with the latest investments, innovations, movers and shakers, each Monday
Emerging Europe brings you a handy round-up of the region’s start-ups which closed financing rounds over the previous seven days.
Co-founders Hans Kayaert, Kasparas Aleknavicius, Bart Van Remortele and Stevi Frooninckx.
Belgian-Lithuanian Loc.tax is disrupting tax management
Founded by a team from Lithuania and Belgium, and headquartered in London, Loc.tax is a company offering collaborative tax management.
Katana raises $11M Series A to be the SaaS powering ‘manufacturing entrepreneurs’
Katana, an Estonian startup that has built manufacturing-specific enterprise resource planning (ERP) software for SMBs, has raised $11 million in Series A funding.
Leading the round is European venture capital firm Atomico, with participation from angel investors Ott Kaukver (Checkout.com CTO), Sten Tamkivi (CPO Topia, formerly Skype), Sergei Anikin (CTO, Pipedrive) and Kairi Pauskar (former TransferWise HR Architect). Previous backer 42Cap also followed on, bringing the total investment raised by the company to date to $16 million.
Founded in 2017 by Kristjan Vilosius (CEO), Priit Kaasik (engineering lead) and Hannes Kert (CCO), Katana positions itself as the “entrepreneur manufacturer’s secret weapon” with a plug-and-play ERP for small to medium-sized manufacturers. The idea is to wean companies off existing antiquated tools such as spreadsheets and legacy software to manage inventory and
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