About Monument
Monument is a company based in New York (United States) founded in 2019 by Michael Russell. It operates as a On-Demand Services. Monument has raised $23.61 million across 3 funding rounds from investors including Lerer Hippeau, VMG Partners and Alpaca. Monument has completed 1 acquisition, including Tempest. Monument offers products and services including Video Appointments. Monument operates in a competitive market with competitors including Bicycle Health, Boulder Care, Pelago, Workit Health and DynamiCare Health, among others.
- Headquarter New York, United States
- Founders Michael Russell
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.61 M (USD)
in 3 rounds
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Latest Funding Round
$5.81 M (USD), Series A
Feb 08, 2023
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Investors
Lerer Hippeau
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Monument
Monument offers a comprehensive portfolio of products and services, including Video Appointments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Video consultations with therapists and doctors are provided.
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Advisor Team
5 people
Sales and Marketing
2 people
Leadership Team
1 people
Finance and Accounting
1 people
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Funding Insights of Monument
Monument has successfully raised a total of $23.61M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.81 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.8M
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First Round
First Round
(11 May 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Monument | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - Monument | Valuation | VMG Partners |
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| May, 2020 | Amount | Seed - Monument | Valuation | Alpaca , Red Sea Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Monument
Monument has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, VMG Partners and Alpaca. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-sector company acquisitions are managed by VMG Partners.
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Founded Year | Domain | Location | |
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Tech startups are funded by Alpaca venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investment firm based out of USA
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monument
Monument has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tempest. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Monument
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Monument Comparisons
Competitors of Monument
Monument operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bicycle Health, Boulder Care, Pelago, Workit Health and DynamiCare Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform is provided for deaddiction doctor consultations.
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| domain | founded_year | HQ Location |
Telehealth-based treatment for substance use disorders is provided.
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| domain | founded_year | HQ Location |
Personalized virtual clinic solutions for substance use disorders are provided.
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| domain | founded_year | HQ Location |
Provider of an app for sobriety management
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| domain | founded_year | HQ Location |
Digital therapeutics for substance use recovery are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Monument
Frequently Asked Questions about Monument
When was Monument founded?
Monument was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Monument located?
Monument is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Monument?
Michael Russell is the current CEO of Monument. They have also founded this company.
Is Monument a funded company?
Monument is a funded company, having raised a total of $23.61M across 3 funding rounds to date. The company's 1st funding round was a Seed of $7.5M, raised on May 11, 2020.
What does Monument do?
Video consultations for mental and medical health needs are provided by Monument. Services include one-time or recurring appointments with trusted healthcare professionals. Prescriptions can be sent to preferred pharmacies. The platform supports insurance coverage checks and seamless scheduling. Focus is placed on building long-term relationships with doctors and therapists. Both physical and mental health concerns are addressed through a single platform.
Who are the top competitors of Monument?
Monument's top competitors include Bicycle Health, Pelago and Workit Health.
What products or services does Monument offer?
Monument offers Video Appointments.
How many acquisitions has Monument made?
Monument has made 1 acquisition, including Tempest.
Who are Monument's investors?
Monument has 7 investors. Key investors include Lerer Hippeau, VMG Partners, Alpaca, Red Sea Ventures, and NextView Ventures.