Black named CFO as Monumo readies for Series A round

Black has played a critical CFO role in various tech companies for the past 20 years in and around the Cambridge technology cluster. He has experience in multiple sectors including automotive, battery technology, AI, material science and healthcare.

Black joins the company at a key stage as it prepares to launch its Series A fundraise. As well as fundraising from both private and public markets, he brings valuable IPO and M & A experience, as well as a proven track record of helping start-up companies scale, taking groundbreaking technology from early stage to world-changing commercial adoption.

Black said: “Monumo is harnessing the potential of AI technology to radically improve electric motor design, to make a significant contribution to global de-carbonisation. This makes it a hugely exciting company to join.”

Dominic Vergine, Monumo’s CEO, added: ”Michael strengthens and completes our leadership team, ready for our next stage of growth. We have strong customer interest which will convert to multiple contracts in 2025 and Monumo will need to be expanding into new markets and territories. Michael will play a key role in helping to ensure that we grow successfully.”