Level Equity, Vaekstfonden in $16.9m round for Monsido
Private equity firm Level Equity and Danish state investment fund Vaekstfonden have invested $16.9m in Monsido, a Denmark-based web governance software firm.
The company will use the capital to develop its platform and expand in the North American, EU and Asia-Pacific markets.
Previous funding
In 2018, Monsido secured an undisclosed amount of seed funding from Vaekstfonden.
Company
Founded in 2015, Monsido is a software-as-a-service company that develops a web governance platform to help optimise web presence. Its head office is located in Ballerup with additional offices in San Diego and Sydney. The company claims it doubled its revenues in each of the last two years.
People
Monsido – Jannik Groentved (CEO).
Level Equity – Sarah Sommer (partner).
Vaekstfonden – Jacob Bratting Pedersen (partner).
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