ERP for small business
Updated: February 26, 2021
2021. Katana raises $11M 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. 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 production. The startup is also playing into macro trends, such as the advent of online marketplaces and D2C e-commerce, that are resulting in an explosion of independent makers, spanning cosmetics to home décor, electronics to apparel, and food and beverages.
2021. Xentral nabs $20M to help online-facing SMBs run back offices better
Xentral, a German startup that develops enterprise resource planning software covering a variety of back-office functions for the average online small business, has picked up a Series A of $20 million. The company’s platform today covers services like order and warehouse management, packaging, fulfillment, accounting and sales management, and the majority of its 1,000 customers are in Germany — they include the likes of direct-to-consumer brands like YFood, KoRo, the Nu Company and Flyeralarm. The challenge with Xentral in that regard will be to see how and if they can bring more businesses to the table and tap into the kinds of tools that it provides, at the same time that a number of other players also eye up the same market. (Others in the same general category of building ERP for small businesses include online payments provider Sage, NetSuite and Acumatica.)
2021. BukuKas raises $10M to build an ‘end-to-end software stack’ for SMEs
BukuKas, one of several startups helping Indonesian SMEs go online, announced today it has raised a $10 million Series A. BukuKas launched as a digital bookkeeping app, but is growing its range of services with the goal of creating an “end-to-end software stack” for small businesses. Eventually, it wants to launch an SME-focused digital bank. BukuKas had a registered user base of 3.5 million small merchants and retailers, and had crossed 1.8 million monthly active users.
2019. Odoo grabs $90M to sell more SMEs on its business app suite
Belgium-based all-in-one business software maker Odoo, which offers an open source version as well as subscription-based enterprise software and SaaS, has taken in $90 million. The 2005-founded company is now largely profitable and grows at 60% per year. It focuses on the SME business apps segment, competing with the likes of Oracle, SAP and Zoho, to name a few. Odoo offers some 30 applications via its Enterprise platform — including ERP, accounting, stock, manufacturing, CRM, project management, marketing, human resources, website, eCommerce and point-of-sale apps — while a community of ~20,000 active members has contributed 16,000+ apps to the open source version of its software, addressing a broader swathe of business needs.