Katana Extends Series B with Cogito Capital as Lead, Joined by Benchmark’s Peter Fenton
Katana, the cloud-native Inventory Management Platform for SMBs selling physical products across different channels, today announced €14 million in extension of its Series B funding round. The round is led by Cogito Capital Partners, with participation from Fenton/Greer Family Trust, owned by Peter Fenton and Kate Greer and existing shareholders: Northzone, Atomico, 42Cap and Lightrock. Katana has tripled revenue since its Series B in 2022 and, with the newly added funding, has raised its total funding to more than €60 million.
Katana D2C Manufacturing in a Recession Report: Brands Gear Up for Peak Holiday Sales Period as Multitude of Manufacturers Experience Twofold Increase in Material Costs
Katana, a cloud-based inventory and manufacturing platform, today revealed the significant impact of the recession, supply chain challenges and rising material costs on direct-to-consumer (D2C) manufacturing companies during peak holiday sales periods in its new, annual report: “D2C Manufacturing in a Recession.” The findings from Katana's proprietary customer survey highlight the criticality of early demand forecasting, proactive stock management and integrated digital workflows for successful sales surges in 2023. The report combines expert consumer and market research and data from real D2C manufacturers and outlines actionable insights that can support D2C manufacturers as they continue to navigate economic volatility during the holiday season.
Katana Closes $35M Series B to Scale an Industry-Leading Manufacturing Ecosystem for SMBs
Katana, an industry-leading manufacturing ERP software has closed a $35 million Series B round, bringing the total funding to date to $51 million. Funds will be used to scale up Katana's features for small to medium-sized manufacturers, allowing them to manage D2C and B2B sales in an intuitive, industry-leading software solution.
