Funding

Kenandy Raises $11.5M in Series B

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What does Kenandy do?

Kenandy, is an enterprise resource planning solution which built natively on the salesforce platform. It is revolutionizing ERP for business innovation. The company is empowering consumers to map their business processes. It is redefining enterprise resource planning by enabling companies in mapping their business processes and implementing customized applications very fast. With operational systems automation including procure to pay, global financials, production and planning, trade promotion management, quote to cash, this company’s customers have the freedom to focus on driving growth and innovation with real time data and a seamless user experience.

How much Kenandy was funded?

The company raised$11.5M in Series B on March 17, 2016 from Sandra Kurtzig, Lightspeed Venture Partners, Salesforce Ventures and  Kleiner Perkins Caufield & Byers.

Previous funding

  • $10.5M in Series A on August 29, 2011 from Wilson Sonsini Goodrich & Rosati, Salesforce Ventures and Kleiner Perkins Caufield & Byers.
  • $33M in Series B on June 10, 2013 from Wilson Sonsini Goodrich & Rosati, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners and Salesforce Ventures.

What is next for Kenandy?

With the latest funding the total investments in the company amounts to $55 M. The company  has announced new global sales team and Marie Amoruso Jackson, executive hire who shall hire as cheif marketing officer. Also Rod Butters, will serve as chief technology officer and president of products and services.

More about Kenandy

Kenandy was founded in 2010 by Sandra Kurtzig. It has its headquarters in Redwood City, CA. The company was founded in 2010 to drive the next gen cloud ERP system adoption and it has been changing the enterprise software management since the ASK Systems was founded in 1972. This has grown into one of the largest software firms in the world.  The company was started after Kurtzig had a conversation with Salesforce CEO, Marc Benioff about the huge opportunity for the cloud ERP.

 

 

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