Monda, a Berlin and Boston-based company providing an all-in-one data monetization platform, has secured $5 million in seed funding.
Investors
The round was led by Senovo and Acrobator Ventures, with participation from Techstars.
Senovo is an early-stage venture capital firm based in Munich and Berlin, focused on partnering with exceptional founders building global B2B SaaS category leaders from Europe. Since 2013, Senovo has invested in B2B software startups driving the digitalization of medium and large enterprises. The firm typically enters at the late Seed or Series A stage, after companies have secured initial revenues, supporting their growth into global players.
Acrobator Ventures is an operator-led VC focused on pre-seed and seed-stage founders building enabling tech and data companies. Operating from Amsterdam, Kyiv, and Tbilisi, Acrobator Ventures is particularly interested in Eastern European founders expanding into Western markets, such as the U.S.
Monda Use of Funds
The company will use the funds to expand operations in the US, grow its partner ecosystem, and enhance its platform.
About Monda
Founded in 2024 by Thani Shamsi and Richard Hoffmann, Monda is a B2B SaaS company in the data-as-a-service industry. The company provides a data monetization platform designed to help companies start, run, and scale their data businesses, empowering them to share and monetize proprietary data safely. Monda, used by over 150 DaaS companies, integrates with platforms like Google Cloud and SAP.
Funding Details
Company: Monda Labs, Inc.
Raised: $5.0M
Round: Seed Round
Funding Date: September 2024
Lead Investors: Senovo, Acrobator Ventures
Additional Investor: Techstars
Company Website: https://www.monda.ai/
Software Category: Data Monetization
Source: https://www.prnewswire.com/news-releases/monda-raises-5m-seed-round-to-help-companies-monetize-data-and-fuel-ai-302236139.html