# Kenandy

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

- Industry: Business Support Services
- Headquarters: Redwood City, US
- Website: www.kenandy.com
- Total disclosed funding: $57M
- Latest round: Series B (Feb 2, 2016)
- Investors on record: 5

## About

Kenandy Inc. is a Cloud ERP software provider dedicated to enhancing operational efficiency in the manufacturing sector by centralizing enterprise resource planning and quality management functions on a unified platform.Founded in 2010 and headquartered in Redwood City, California, Kenandy Inc. specializes in Cloud ERP solutions for manufacturers. In January 2018, Kenandy was acquired by Rootstock Software, a portfolio company of Cross Atlantic Capital Partners and Salesforce.com. Kenandy has participated in 6 funding deals, with its latest round being Series C, raising a total of USD 14.00 mn and currently valuing the company at USD 85.56 mn.Kenandy, a Rootstock Software Company, offers a comprehensive Cloud ERP solution specifically designed for the manufacturing sector. Their core product enables businesses to unify their Enterprise Resource Planning (ERP) and Enterprise Quality Management System (EQMS) on a single platform, facilitating seamless operations across various business functions. The software features 150 Business Ready Objects that streamline processes such as order-to-cash, manufacturing, supply chain management, global financials, and distribution. By optimizing these areas, Kenandy's ERP solution aims to enhance operational efficiency and improve customer satisfaction. The company caters to a diverse client base, including manufacturers and distributors located in North America and Europe, who are looking to modernize their operations and gain a competitive edge in an increasingly volatile market.Kenandy's revenue model is primarily based on a subscription framework for its Cloud ERP services, which includes various pricing tiers to accommodate different business needs. Clients typically engage in annual subscriptions, granting them access to the robust functionalities of Kenandy's software, which includes critical modules for managing manufacturing, supply chain, and financial operations. The transactions are structured as B2B partnerships, wherein manufacturers subscribe to the service to enhance their operational capabilities. While specific pricing details for individual products and services are not disclosed, clients benefit from the flexibility of a solution that is designed to scale alongside their business growth. This subscription-based model allows for predictable revenue generation while providing manufacturers with essential tools to improve efficiency and customer engagement.Following its acquisition in January 2018, Kenandy is focused on expanding the capabilities of its Cloud ERP solution and exploring new market opportunities. The company aims to launch additional products tailored for advanced manufacturing processes, with specific features set for release in 2023. Kenandy plans to broaden its reach into emerging markets in Asia and South America by 2024, leveraging the resources and expertise of Rootstock Software to enhance its global footprint.

## Funding rounds

- Series B, Feb 2, 2016, $13M — Kleiner Perkins, Lightspeed Venture Partners, Wilson Sonsini Goodrich & Rosati, Salesforce Ventures
- Series B, Jun 10, 2013, $33M — Kleiner Perkins, Lightspeed Venture Partners, Salesforce, Inc., Wilson Sonsini Goodrich & Rosati
- Series A, Aug 29, 2011, $11M — Kleiner Perkins, Salesforce, Inc., Wilson Sonsini Goodrich & Rosati

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B
- Salesforce, Inc. — Series A, Series B
- Wilson Sonsini Goodrich & Rosati — Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B