# Akara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akara

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.akara.com
- Total disclosed funding: $30M
- Latest round: Series B (Jul 2, 2001)
- Investors on record: 8

## About

Akara specializes in innovative technology solutions that enhance operational efficiency for various industries, including manufacturing and logistics. Their offerings include advanced software platforms that automate workflows and improve productivity.Akara is based in Ottawa, Canada, focusing on technology solutions for operational efficiency. In July 2001, the company raised USD 30 mn in Series B financing led by VenGrowth Capital Partners and other investors. The founder's history and prior ventures are not publicly available.Akara's primary offerings include innovative technology solutions designed to optimize operational efficiency across sectors such as manufacturing, logistics, and retail. Their flagship products consist of advanced software platforms for workflow automation, data analytics tools for actionable insights, and integrated systems that enhance communication between departments. Their clientele mainly comprises mid to large-scale enterprises looking to improve performance and adapt to market challenges.Akara's revenue model combines subscription-based services and direct sales of software products. Clients typically engage in annual subscription agreements, ensuring ongoing updates and support. Their pricing plans are tiered based on implementation scale and features, accommodating diverse client needs. Key products, including proprietary software solutions, are essential tools for organizations leveraging technology for competitive advantage.Following the Series B financing in July 2001, where Akara raised USD 30 mn, the company plans to utilize these funds to develop new technology solutions and expand into new markets. Specific geographic regions targeted for expansion include North America and Asia, with plans to enter these markets by 2003. The funding will support the design and launch of new products aimed at further enhancing operational efficiencies for their clients.

## Funding rounds

- Series B, Jul 2, 2001, $30M — Battery Ventures, Morgan Keegan & Co. - Private Funds Group, VenGrowth Capital Partners, Greylock Partners, Presidio, Sumitomo Corporation, Corning Innovation Ventures, Dain Rauscher Wessels Equity Capital

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- Morgan Keegan & Co. - Private Funds Group (https://capitalatlas.ai/funds/morgan-keegan-co-private-funds-group) — Series B
- VenGrowth Capital Partners (https://capitalatlas.ai/funds/vengrowth-capital-partners) — Series B
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B
- Presidio (https://capitalatlas.ai/funds/presidio) — Series B
- Sumitomo Corporation — Series B
- Corning Innovation Ventures (https://capitalatlas.ai/funds/corning-innovation-ventures) — Series B
- Dain Rauscher Wessels Equity Capital — Series B