Tallinn-based cloud inventory platform Katana, offering end-to-end inventory management with built-in production and reporting features, has received investment from Siena Secondary Fund II, marking the fund's first investment. The funding amount is undisclosed.
- Founded in 2017 by Hannes Kert, Kristjan Vilosius, and Priit Kaasik, Katana offers a cloud-based inventory management platform that simplifies operations across industries.
- The platform covers inventory, purchasing, sales orders, production, and warehouse management, improving workflows and efficiency.
- According to Katana, its platform boosts sales by 60%, improves inventory turnover by 1.2X, and can be implemented in 6 weeks. It integrates seamlessly with existing systems, reducing the need for spreadsheets and complex ERPs.
- The startup serves businesses worldwide, with key markets in the US, Canada, the UK, and Australia.
Details of the deal
- The round was led by Siena Secondary Fund II, a venture capital firm based in Estonia that invests in startups across the CEE and Nordics, focusing on post-Series A companies.
“We are pleased that our new Fund II is coming to market when capital and liquidity solutions are much needed in the ecosystem, and are especially happy that Katana is the first investment that kicks off our portfolio. We strongly believe that Katana has the full potential to follow the footsteps of our Fund I first investment, Bolt, to become yet another Estonian success story," Rando Rannus, General Partner of Siena, commented.
