January 27, 2020 Press

SMP advises 42CAP on the investment in SaaS startup Katana

Berlin - Schnittker Möllmann Partners (SMP) advised Munich-based investor 42CAP on the investment in Tallinn-based startup Katana. The total volume of the financing round amounts to 3.9 million USD. 42CAP is leading the round.

Katana provides the first Smart Workshop SaaS, designed to increase efficiency within the processes of modern makers, crafters and small manufacturers. Created by manufacturers, Katana is a cloud-based solution that helps manage production and inventory. The platform also offers integrations to the most popular tools for e-commerce and SME management, such as Shopify, WooCommerce, QuickBooks Online, Xero, etc. The Estonian startup currently serves hundreds of workshops and factories from such varied industries such as cosmetics, leatherworking, food and beverages, and electronics.

The capital infusion will serve the development of new features as well as the expansion of the team, in particular within departments such as software development, marketing and sales, customer support, and product management.

SMP attorneys Tim Schloesser (partner) and Martyna Sabat (associate) advised 42CAP on the investment.