CHARLOTTE, North Carolina – Ekos, the leading business management software for craft beverage companies, closed a $ 21 million Series B funding round led by private equity firm Catalyst Investors with participation from existing investors Noro-Moseley Partners.
Ekos was the first software solution created specifically for craftsmen. Historically, cottage industries have relied on manual record keeping and offline systems, which are time consuming and difficult to navigate. Since 2014, Ekos has been providing software solutions that improve efficiency, streamline communication and give business owners better insights.
Today, Ekos is the number one choice for business management software, serving nearly 2,000 businesses on six continents. 2021 has been 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 currently there are many disjointed systems and a lack of comprehensive analyzes. Ekos’ mission is to connect the supply chain and give business owners the visibility and insight they need to grow, ”said Kapil Desai, partner at Catalyst Investors. “With a strong stance on artisanal producer inventory management data, Ekos is uniquely positioned to create the technology that propels the industry forward. “
“Ekos is creating a new category of business management software that digitizes the craft supply chain. We are creating an open and connected platform with the artisan 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 this new capital, the company plans to accelerate innovation, strengthen its existing platform and forge leading partnerships.