Berlin-Based B2B Company “Mondu” Receives $43m in Funding from Peter Thiel
Introduction
Berlin-based B2B online platform Mondu has announced the closure of a Series A funding round of $43m. This round was led by businessman and Venture capitalist Peter Thiel, with participation from Tel Aviv-based venture capital firm Desheli Ventures. The company is founded by serial entrepreneur Eyal Gura, who previously founded and sold a cybersecurity startup.
Background
Mondu is an online platform that allows businesses to digitize their contracts, invoices, and other business information. The platform aims to connect all corporate customers and suppliers, regardless of their size or location, in one cloud-based platform. By doing so, the platform hopes to reduce the amount of paperwork, save time and money, and increase efficiency for all businesses.
Funding
Mondu has received $43 million of its Series A funding round from Peter Thiel and Desheli Ventures. This is the first external funding that the company has received. The money will be used to expand the company’s engineering and product teams, invest in marketing and sales activities, and scale the platform’s use in Europe and North America.
Frequently Asked Questions
Q: What is Mondu?
A: Mondu is a B2B online platform that allows businesses to digitize their contracts, invoices, and other business information. The platform aims to connect all corporate customers and suppliers, regardless of their size or location, in one cloud-based platform.
Q: Who is behind Mondu?
A: The company is founded by serial entrepreneur Eyal Gura, who previously founded and sold a cybersecurity startup.
Q: What did Mondu receive in funding?
A: Mondu has received $43 million of its Series A funding round from Peter Thiel and Desheli Ventures.
Q: What will the funding be used for?
A: The money will be used to expand the company’s engineering and product teams, invest in marketing and sales activities, and scale the platform’s use in Europe and North America.
Related Examples
An example of a similar online platform that connects businesses is HoneyBook. HoneyBook is a web-based platform that contains financial tools, invoicing capabilities, and more allowing businesses to easily manage their clients, projects, and workflow.
Another platform is Avaza, which is an all-in-one project management and invoicing software for businesses. Avaza allows for businesses to collaborate, create estimates, track time, and process payments.
Conclusion
Overall, Berlin-based B2B online platform Mondu has received $43 million in its Series A funding round from Peter Thiel and Desheli Ventures. This funding will allow the platform to expand its operations and scale its services in Europe and North America. It also validates its model of connecting corporate customers and suppliers into one cloud-based platform. With this funding, Mondu can continue to provide important business services for its users.
