Siena Secondary Fund launches Fund II with its first investment into the Estonian B2B SaaS startup Katana
Katana - a cloud inventory platform, offering built-in inventory, production, and reporting features to provide companies with an end-to-end inventory management solution for modern businesses. Estonian by origin, the Tallinn headquartered startup services businesses around the globe with significant markets in the USA, Canada, the UK, and Australia, while most of the staff create value from the renowned “Nordic Silicon Valley”.
Katana’s mission has not gone unnoticed by the top investors in the field, with the company having received investments from the likes of Atomico, Northzone, and 42CAP. In addition to investor approval, Katana has received recognition from the community and press being nominated as one of the most probable next unicorns from Estonia as well as being named by Sifted as one of the most promising European and Israeli B2B SaaS startups in 2024.
General Partner of Siena, Rando Rannus, commented: “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.”
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