Monite in a €1.1 million pre-see round backed by Tomahawk VC, signals Venture Capital, InVentures and Runa Capital.

Monite, a Berlin, Germany-based developer of a financial management SAAS platform, announced the completion of a seed investment round totalling €1.1 million ($1.3M).

The money was raised from a range of investors from Germany, including Tomahawk VC, signals Venture Capital, InVentures and Runa Capital, as well as angels Ralph Müller, Lars Stoy, Alfred Schorno, Cornelius Walter and Bas Godska.

Monite, founded in 2020 by CEO Ivan Maryasin, developed a software solution for small and medium enterprises that connects directly to their bank accounts, in roder to allow direct invoicing, managing of employee expenses, and incoming bills directly within the system with real actions taking place.