Monda, a Berlin, Germany-based provider of a data monetization platform, raised $5M in Seed funding.
The round was led by Senovo and Acrobator Ventures, with participation from Techstars.
The company intends to use the funds to expand operations in the US, grow its partner ecosystem, and enhance its platform to make data monetization easier for companies of all sizes.
Founded in 2024 by Thani Shamsi and Richard Hoffmann, Monda provides a SaaS data monetization platform that allows companies to start, run, and scale their data business. It is already used by over 150 data-as-a-service (DaaS) companies creating more than 6,000 data products. The company has built partnerships and integrations with cloud data marketplaces from Google Cloud, Databricks, and SAP.
Since the beginning of the year, the team has doubled to 32 people.
Commenting on the news, Thani Shamsi said: “AI has created massive demand for high-quality and unique datasets for training models. Companies have realized that there’s a huge business opportunity in monetizing their proprietary data, but many are struggling to navigate an increasingly complex global data market. I’ve seen these challenges first-hand working for a data provider. We created Monda to make it extremely easy for any company to start and build a safe, fast-growing, and sustainable data business – fueling the AI revolution.”
FinSMEs
04/09/2024