Oversubscribed round · Fintech
Mona raises oversubscribed $3.5m round for small-business funding platform
Sandberg Bernthal Venture Partners led the financing, with Alumni Ventures, Wisdom Ventures and angels including Eric Schmidt.
The financing will support expansion of Mona’s AI platform for capital access and financial coaching. The company says it has already supported thousands of small businesses and helped entrepreneurs obtain millions in affordable capital.
Mona’s services connect funding discovery and application assistance with ongoing guidance. The company is also backed by the Mastercard Strive USA Innovation Fund; that backing is distinct from the named participants in this round.
Use of funds
Expand the AI platform for small-business capital access and financial coaching
Funding history
Oversubscribed round · This round$3.5M