CHARLOTTE, North Carolina – Ekos, the leading business management software for craft beverage companies, closed a $21 million Series B funding round led by growth capital firm Catalyst Investors with participation from existing investors Noro-Moseley Partners.
Ekos was the first software solution created specifically for artisanal producers. Historically, craft businesses relied on manual record keeping and disconnected systems, which are time consuming and difficult to navigate. Since 2014, Ekos has provided software solutions that improve efficiency, streamline communication and give business owners better information.
Today, Ekos is the number one choice for business management software, serving nearly 2,000 businesses on six continents. 2021 was the company’s most successful year to date, with strong revenue growth and the launch of Ekos Order Hub.
“We see great potential in the cottage industry, but there are currently many disjointed systems and a lack of comprehensive analytics. Ekos’ mission is to connect the supply chain and empower business owners to visibility and insights they need to grow,” said Kapil Desai, Partner at Catalyst Investors. “With a grasp on artisanal producers’ inventory management data, Ekos is uniquely positioned to develop the technology that propels the industry forward.”
“Ekos is building a new category of business management software that digitizes the artisanal supply chain. We enable an open, connected platform with the craft producer at the center,” said Josh McKinney, CEO of Ekos. “Our technology will break down silos and digitally connect suppliers, producers, distributors and end consumers. We empower business owners by giving them unprecedented access to analytics and benchmarking data so they can make better decisions to grow their business. »
Ekos has doubled in size this year with key recruitments across all teams. With the new capital, the company plans to accelerate innovation, strengthen its existing platform and forge cutting-edge partnerships.
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