Monta raised a capital round backed by byFounders and &grow ventures.

Monta a Copenhagen, Denmark-based startup building a charging points marketplace for EV owners, completed a capital investment round of about SEK 40M ($4.7M).

The money was raised from investors from Denmark, including byFounders, &grow ventures, and from Sweden-based Pale Blue Dot.

Monta, founded in 2020 by CEO Casper Rasmussen and Anders Pedersen, developed a mobile app that connects the owners of electric vehicles charging points and opens them up in a marketplace for a peer to peer conection with drivers looking to charge their cars. Once a charging point owner is hooked into Monta's network, they can decide their pricing levels.

Monta previously raised DKK 5M ($800k) at the end of last year, upon being founded.