MonkeyData raises seed round at €8 million valuation
Ecommerce analytics company MonkeyData has successfully secured its second round of seed funding and is now valuated at 8 million euros. The Czech company wants to use the investment for product development and a continuation in the company’s global expansion. The next funding round (Series A) will be open to global investors.
MonkeyData, a company that provides businesses with actionable dashboards and reports, already had raised 500,000 dollar in a funding seed round in July last year. Investment company Solotron invested in the company that was ten months old at the time. Back then, goals were to finish the new version of its application and to enter the Polish, German and English market. MonkeyData now has its website and services available in Czech, English, Polish, German, French and Spanish.
Update in October
“After hitting key performance indicator benchmarks this year and goals from our first round of funding, we have successfully secured our second round of seed funding to double the company’s valuation”, Jan Laštůvka, CEO and co-founder, said. “We want to use this investment to further develop our product and to continue our expansion. We are now focusing mainly on expansion to the US market.”
Next month, MonkeyData is planning a large update to its platform with a revamped version of its website, new product functionalities and a new pricing scheme. New features on its platform will include metric predictions, data exports, real-time analysis and smart notifications.
Ecommerce analytics company MonkeyData was founded in 2014 and helps businesses grow by consolidating their online data sources and providing dashboards and reports. The company has over 2,500 customers from 30 countries and plans on acquiring 6,000 by the middle of next year. The software integrates with the top 15 ecommerce platforms worldwide. In total, MonkeyData has over 30 connections from online data sources with integrations on eBay and Amazon coming soon.
In August, we interviewed CEO Jan Laštůvka about his company, important metrics, ecommerce in Europe and more.