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§ Private Profile · Budapest, Hungary
Digital writing and productivity software for professionals and creatives. Write, store, share, and collaborate on documents across devices.
Craft is a Budapest, Hungary-based software company that develops a digital writing and productivity application, enabling users to create, store, share, and collaborate on documents across multiple operating systems. Operating on a freemium business model, the platform surpassed one million total software installations in 2021 while expanding its professional and creative user base across the United States, the United Kingdom, Japan, and Germany. The organization secured $8 million in Series A venture capital funding in April 2021 to support further product development, team growth, and platform expansion beyond its initial Mac and iOS ecosystem. This specific financing round was led by the venture capital firm Creandum, with additional equity participation from InReach Ventures and Skyscanner co-founder Gareth Williams. Craft was originally founded in 2019 by former Skyscanner mobile strategy lead Bálint Orosz.
Craft has raised $20.0M across 2 funding rounds.
Craft has raised $20.0M in total across 2 funding rounds.
Craft has raised $20.0M across 2 funding rounds. Most recently, it raised $12.0M Series B in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2022 | $12M Series B | Ebrd Venture Capital | Background Capital, Costanoa Ventures, Creandum, Equal Ventures, Foobar.vc, Hyde Park Venture Partners, InReach Ventures, Jungle Ventures, Lightbank, OWL Ventures, Powerhouse Ventures, Preface Ventures, Starther, Union Square Ventures, Ashish Agrawal, Bobby LO, JOE Greenstein, Kunal Shah, Sahil Lavingia | Announced |
| Apr 1, 2021 | $8M Series A | Fredrik Cassel | Akos Kapui, Carlos Gonzalez Cadenas, Filip Filipov, Gareth Williams, Ross Mcnairn, Stefan Lesser, Roberto Bonanzinga | Announced |
Craft (craft.co) is a technology company providing a SaaS platform for global supply chain resilience, empowering procurement and supply chain professionals with comprehensive supplier data, AI-driven risk insights, and collaborative tools.[1] It serves large enterprises by offering 360-degree visibility into supplier networks, disruption detection, and strategy optimization to navigate regulations, ethics, and business continuity.[1] The platform stands out as a top 2.5% digital procurement solution and top 10 supply chain management tool, with accolades like FIMA Startup "Dragon's Den" winner and top procurement tech investment of 2021.[1]
Craft solves critical problems in volatile global supply chains, such as risk anticipation and team alignment, through its trusted data fabric and intuitive workflows.[1] Customers praise its easy-to-use supplier intelligence portal with full profiles, daily alerts, and adaptive learning.[1] This positions Craft at the forefront of procurement tech, driving faster decisions and resilient operations for industries facing disruptions.[1]
Craft was founded to address gaps in supply chain visibility and risk management, though specific founding year and founders are not detailed in available sources.[1] CEO Ilya Levtov leads the company, emphasizing its mission to orchestrate insights for procurement professionals amid growing global complexities.[1] Early traction came from serving major enterprises and earning recognitions like top procurement investments, highlighting its rapid validation in a high-stakes market.[1]
The company's evolution centers on building the industry's most comprehensive data fabric paired with a risk mitigation engine, evolving from basic supplier evaluation to AI-powered, collaborative platforms.[1] Pivotal moments include customer adoption for its adaptive intelligence and awards that underscore its innovation in procurement tech.[1]
Craft rides the wave of escalating global supply chain disruptions—from pandemics and geopolitics to regulatory shifts—providing timely resilience tools amid market forces like nearshoring and ethical sourcing demands.[1] Its timing aligns with surging demand for AI-enhanced procurement, where traditional methods fail against real-time risks, influencing the ecosystem by standardizing data-driven decisions for enterprises.[1] By empowering professionals at Fortune-level companies, Craft accelerates industry-wide adoption of predictive analytics, reducing vulnerabilities and fostering collaborative supply chain strategies.[1]
Craft is poised to expand as AI and data fabrics become table stakes in procurement, potentially integrating deeper with ERP systems and sustainability tracking amid rising ESG pressures.[1] Trends like automation in risk modeling and multi-tier supplier mapping will shape its growth, evolving its influence from risk mitigator to full supply chain orchestrator.[1] With its proven enterprise traction, Craft could redefine resilience standards, turning supply chain vulnerabilities into competitive edges for users worldwide—solidifying its role as the go-to partner in an increasingly interconnected global economy.[1]
Craft has raised $20.0M in total across 2 funding rounds.
Craft's investors include EBRD Venture Capital, Background Capital, Costanoa Ventures, Creandum, Equal Ventures, foobar.vc, Hyde Park Venture Partners, InReach Ventures, Jungle Ventures, Lightbank, Owl Ventures, Powerhouse Ventures.