{"id":52309,"date":"2024-09-04T13:13:44","date_gmt":"2024-09-04T11:13:44","guid":{"rendered":"https:\/\/www.fyb.de\/the-b2b-saas-specialist-monda-raises-usd-5-million\/"},"modified":"2024-09-04T13:13:44","modified_gmt":"2024-09-04T11:13:44","slug":"the-b2b-saas-specialist-monda-raises-usd-5-million","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/the-b2b-saas-specialist-monda-raises-usd-5-million\/","title":{"rendered":"The B2B SaaS specialist MONDA raises USD 5 million"},"content":{"rendered":"

Berlin \u2014 Monda, the all-in-one data mone\u00adtiza\u00adtion plat\u00adform, announ\u00adced that it has raised USD 5 million in a seed funding round.
\nThe round was led by Senovo and Acro\u00adba\u00adtor Ventures, with parti\u00adci\u00adpa\u00adtion from Techstars.
\nThe capi\u00adtal will be used to expand busi\u00adness opera\u00adti\u00adons in the US, grow the part\u00adner ecosys\u00adtem and expand the plat\u00adform to enable any busi\u00adness to secu\u00adrely mone\u00adtize data.
\nMonda\u2019s soft\u00adware enables compa\u00adnies to start and scale a data services business.
\nMonda has seen strong growth in 2024 and the plat\u00adform is now used by over 150 Data-as-a-Service (DaaS) compa\u00adnies that have crea\u00adted more than 6,000 data products.
\nMonda has built key part\u00adner\u00adships and inte\u00adgra\u00adti\u00adons with world-leading cloud plat\u00adforms such as Google Cloud, Datab\u00adricks and SAP.
\nSince the begin\u00adning of the year, the team has doubled to 32 employees.
\nIn addi\u00adtion, Monda is opening its first US office in Boston in fall 2024 to be closer to North Ameri\u00adcan custo\u00admers, who make up 50% of its custo\u00admer base.
\nMonda was foun\u00added by tech entre\u00adpre\u00adneurs and data experts Thani Shamsi and Richard Hoffmann<\/strong>
\n as a spin-off of Berlin-based Datarade, the worl\u00add\u2019s largest compa\u00adri\u00adson plat\u00adform for data provi\u00adders. Thani Shamsi, foun\u00adder and CEO of Monda, said: \u201cAI has crea\u00adted a huge demand for high-quality and unique data sets to train AI models. Compa\u00adnies have reco\u00adgni\u00adzed the mone\u00adtiza\u00adtion of their proprie\u00adtary data for AI as a busi\u00adness oppor\u00adtu\u00adnity, but face an incre\u00adasingly complex global data market. Having worked for a data provi\u00adder myself, I know these chal\u00adlenges first-hand. We have crea\u00adted Monda to enable any company to build a secure, growing and sustainable data services busi\u00adness \u2014 driving AI forward.\u201d More and more AI compa\u00adnies are trying to secure access to proprie\u00adtary data sets to train and refine their models \u2014 and are signing data licen\u00adses with data-rich compa\u00adnies like Reddit, Shut\u00adter\u00adstock, or Yelp. But tech\u00adni\u00adcal, regu\u00adla\u00adtory and opera\u00adtio\u00adnal chal\u00adlenges prevent compa\u00adnies from mone\u00adtiz\u00ading their data: Buil\u00adding a successful data-as-a-service busi\u00adness invol\u00adves crea\u00adting data products, inte\u00adgra\u00adting with data market\u00adplaces, setting up data distri\u00adbu\u00adtion, secu\u00adrely sharing data, hand\u00adling data licen\u00adses, and mana\u00adging compli\u00adance. Mona Gind\u00adler, Part\u00adner at Senovo<\/strong>said: \u201cAs the sourcing and mone\u00adtiza\u00adtion of data moves into the main\u00adstream, data provi\u00adders need better tools to manage the incre\u00adasing comple\u00adxity of the data market. Monda helps them reach more custo\u00admers while redu\u00adcing opera\u00adtio\u00adnal over\u00adhead, putting the company in a strong posi\u00adtion to lead this new soft\u00adware cate\u00adgory. Thani and Richard have built a fanta\u00adstic team and culture in Berlin. We are exci\u00adted to support their expan\u00adsion into the US with the new Boston office.\u201d Monda\u2019s data mone\u00adtiza\u00adtion plat\u00adform has three key diffe\u00adren\u00adtia\u00adtors: First, the product is easy to use and allows busi\u00adness users to create data products and publish them to their own data store\u00adfront or data market\u00adplaces in just a few clicks. Secondly, Monda\u2019s verti\u00adcal SaaS approach enables compa\u00adnies to run and manage their entire data services busi\u00adness on one plat\u00adform. Thirdly, custo\u00admers appre\u00adciate the first-class service and support from an inter\u00adna\u00adtio\u00adnal custo\u00admer care team. Part of the seed funding will be used to further deve\u00adlop data inte\u00adgra\u00adti\u00adons with cloud plat\u00adforms, support unstruc\u00adtu\u00adred data products and roll out addi\u00adtio\u00adnal compli\u00adance functionalities.
\nRichard Hoff\u00admann, Foun\u00adder and Presi\u00addent of Monda<\/strong>, said: \u201cThe opening of our first US office in Boston is a pivo\u00adtal moment for Monda, our US custo\u00admers and for me perso\u00adnally. I am curr\u00adently relo\u00adca\u00adting with my family from Germany to the United States to fully dedi\u00adcate myself to the success and growth of our US client base and local team. The US has always been our most important market as a pioneer in data and AI inno\u00adva\u00adtion.\u201d About Monda <\/strong> Monda is a leading B2B SaaS company in the data services industry.
\nMonda\u2019s all-in-one data mone\u00adtiza\u00adtion plat\u00adform enables any busi\u00adness to secu\u00adrely share and mone\u00adtize its proprie\u00adtary data.
\nThe company was foun\u00added in 2024 by Thani Shamsi and Richard Hoff\u00admann as a spin-off of Datarade, the worl\u00add\u2019s largest compa\u00adri\u00adson plat\u00adform for data providers.
\nMonda\u2019s vision is to create a global ecosys\u00adtem for trans\u00adpa\u00adrent, secure data sharing to acce\u00adle\u00adrate the AI revo\u00adlu\u00adtion and progress.
\n\u2014 https:\/\/www.monda.ai\/ About Senovo <\/strong> Senovo is an early stage venture capi\u00adtal firm based in Munich and Berlin, part\u00adne\u00adring with excep\u00adtio\u00adnal foun\u00adders and buil\u00adding global B2B SaaS cate\u00adgory leaders from Europe.
\nAs a Euro\u00adpean first-mover, the fund has been inves\u00adt\u00ading since 2013 in a new gene\u00adra\u00adtion of B2B soft\u00adware start-ups that enable the digi\u00adta\u00adliza\u00adtion of medium-sized and large companies.
\nSenovo invests after the first sales of a company in a late seed or Series A round.
\nThe team of SaaS specia\u00adlists looks for meaningful rela\u00adti\u00adonships at eye level and regu\u00adlarly publishes their insights and exper\u00adtise on https:\/\/medium.com\/senovovc. \u2014 https:\/\/senovo.vc About Acro\u00adba\u00adtor Ventures<\/strong> Acro\u00adba\u00adtor Ventures is an opera\u00adtor-led VC focu\u00adsed on (pre-)seed foun\u00adders buil\u00adding tech\u00adno\u00adlogy and data companies.
\nThe part\u00adners bring a deep under\u00adstan\u00adding of AI\/ML and opera\u00adtio\u00adnal excel\u00adlence with a foun\u00adder-first mentality.
\n\u2014 https:\/\/acrobator.vc<\/p>\n","protected":false},"excerpt":{"rendered":"

Berlin \u2014 Monda, the all-in-one data mone\u00adtiza\u00adtion plat\u00adform, announ\u00adced that it has raised USD 5 million in a seed funding round. The round was led by Senovo and Acro\u00adba\u00adtor Ventures, with parti\u00adci\u00adpa\u00adtion from Tech\u00adstars. The capi\u00adtal will be used to expand busi\u00adness opera\u00adti\u00adons in the US, grow the part\u00adner ecosys\u00adtem and expand the plat\u00adform to [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":52307,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1373],"tags":[],"class_list":["post-52309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-venture-capital-en"],"yoast_head":"\nThe B2B SaaS specialist MONDA raises USD 5 million - FYB Financial Yearbook<\/title>\n<meta name=\"description\" content=\"Berlin - Monda, the all-in-one data monetization platform, announced that it has raised USD 5 million in a seed funding round. 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