The round was led by Senovo and Acrobator Ventures, with participation from Techstars. The capital will be used to expand operations in the US, grow its partner ecosystem, and enhance its platform to make data monetization easier for companies of all sizes.

Monda is a leading B2B SaaS company in the data-as-a-service industry. Monda's data all-in-one monetization platform empowers any company to share and monetize their proprietary data safely. The company was founded in 2024 by Thani Shamsi and Richard Hoffmann as a spin-off from Datarade, the largest comparison platform for data providers. With the vision of democratizing data monetization, Monda aims to create a borderless data sharing ecosystem to fuel the AI revolution and accelerate human progress.