Siena Secondary Fund acquired a stake in Katana, an Estonian cloud inventory platform

15 January, 2025, 11:42 696
Siena Secondary Fund acquired a stake in Katana, an Estonian cloud inventory platform

Estonian VC firm Siena Secondary Fund has acquired a stake in Katana, an Estonian cloud inventory platform. The deal was made within the framework of the recently launched Siena Secondary Fund II, ArcticStartup reports.

About Katana

  • Katana is an Estonian by origin cloud inventory platform founded in 2017 by Kristjan Vilosius and Priit Kaasik. The company offers built-in inventory, production, and reporting features to provide companies with an end-to-end inventory management solution for modern businesses.

  • The 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”.

“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,” says Rando Rannus, General Partner of Siena.

Investment details

Unfortunately, the amount of the deal was left undiscovered.

  • Estonian Siena Secondary Fund provides liquidity for early investors, founders and employees of high growth startups from Baltic States, CEE, and selectively in the Nordic region.
  • The fund targets companies which are usually post series A, have solid business models, and are still in a high growth phase. 
  • Recently launched Fund II is expected to contribute to the resilient transition quality through developing the venture capital market in the target region, and the Competitive transition quality through supporting highly innovative companies.

Read more: Siena Secondary Fund makes a follow-up investment in Bolt, an Estonian unicorn.

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