Startup Monq Lab Raises 1 million euros for Development
Startup Monq Lab, which develops a platform for IT troubleshooting and automation for enterprises, has raised 1 million euros in the second investment round.
Funds will be used for marketing activities and sales expansion in North America and the EMEA region (Europe, Middle East and Africa).
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The first round was in the summer of 2021. Then the startup raised $350,000. At the end of 2020, Monq Lab's revenue amounted to $262,276 (20.3 million rubles), while net profit reached $105,944 (8.2 million rubles).
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