Katana Technologies, the smart manufacturing software, has raised 9.25 million euros in the Series A round.
Hedman Partners advised the client through the investment process, drafting the necessary documents – the investment agreement, SHA, AOA, and shareholders’ resolution. Hedman Partners also advised the option exercise and secondary sales process, helping to achieve the successful completion thereof.
The Series A round was led by venture capitalist Atomico with participation from fintech-friendly VC firm 42Cap and other notable angel investors, such as Ott Kaukver, CTO at Checkout.com and former CTO at Twilio, Sergei Anikin, CTO at Pipedrive, Sten Tamkivi, CPO at Topia and Kairi Pauskar, former HR architect at TransferWise (now Wise) and early investor in 42Cap.
The funding will be used to build out the team and the product. Also, as part of the deal, Atomico partner Ben Blume will be joining the company’s supervisory board.
The client was advised by managing partner Merlin Seeman and senior associate Kati Pino.