Motive Partners led a a $12m equity funding round in Monnai.

Motive Partners, an investment firm, led a a $12m equity funding round in Monnai, a global identity and risk data infrastructure company, with participation from Commerce Ventures and 500 Global. The funding will support continued expansion of global coverage including key markets in Europe and LATAM, improvements in data effectiveness and response times, and additional investment in core data infrastructure, as Monnai helps customers realize meaningful returns on adoption, with many generating 8 to 10 times their initial investment. Monnai also plans to hire across its engineering, data, and go-to-market teams over the next 12 to 18 months.