Empowering Companies to Turn Data into Profit: Monda Raises $5 Million

Monda, a rapidly growing B2B SaaS company with offices in Berlin and Boston, has successfully raised $5 million in seed funding. The investment round was led by Senovo and Acrobator Ventures, with participation from Techstars, according to a company press release.

Founded in 2024 by data industry veterans Thani Shamsi and Richard Hoffmann, Monda is experiencing rapid growth. Already trusted by over 150 data-as-a-service (DaaS) companies, the platform simplifies data product creation and management, facilitating the publication of over 6,000 data products. Additionally, Monda boasts key partnerships with industry giants like Google Cloud, Databricks, and SAP.

With a focus on ease of use and rich functionality, Monda offers three key benefits. First, its intuitive interface allows business users to quickly create and publish data products. Second, the platform acts as a one-stop shop, allowing companies to manage their entire data business from a single platform. Finally, Monda provides world-class service and support from data monetization experts.

"AI has created massive demand for high-quality and unique datasets for training models," said Thani Shamsi, Founder & CEO of Monda. "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."

This funding round will fuel Monda's expansion plans, including further development of cloud platform integrations and regulatory compliance features. Notably, the company is opening its first US office in Boston, reflecting the importance of the North American market.