# Monday.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monday-com

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.monday.com
- Total disclosed funding: $234M
- Latest round: Series D (Jul 30, 2019)
- Investors on record: 10

## About

Founded in 2012 and based in Tel Aviv, Israel, Monday.com Ltd. is a cloud-based Work OS, develops a project management tool intended to improve team management, communication, and productivity for businesses. Eran Zinman, Roy Mann are the co-founders of the company. The company offers over 200 templates or drag and drop over 30 column types to customize the workflow for enterprises as well as small-medium businesses. The firm serves over 125,000 customers across over 200 industries in more than 190 countries.
 
In July 2019, Monday.com raised USD 150 million in Series D funding led by Sapphire Ventures, with Hamilton Lane, HarbourVest Partners. In June 2021, the firm raised USD 574 million in an IPO and trades on Nasdaq under the ticker symbol MNDY. As of 2021, the company has nearly 800 employees. 

Monday.com offers a visual platform that plans, organizes, and tracks the company’s workplace thereby enabling integrations, automation, dashboards, Kanban that automates tasks, Gantt charts, and a platform to collaborate and share files. The company’s solutions include project management, inventory tracking, and remote work among others. Additionally, the company offers a combined board view, Miro, a whiteboard platform, agile reports, identification of bottlenecks, funnels, VLOOKUP auto-link, subitem templates, and PandaDoc among others. 

The company generates its revenue through its pricing model charged at USD 8 per month for the basic model, USD 10 per month for Standard, USD 16 per month for Pro, and customizable solutions in the enterprise model. The company generated USD 78 million and USD 161 million in revenue in 2019 and 2020 respectively.

## Funding rounds

- Series D, Jul 30, 2019, $150M — Hamilton Lane, HarbourVest Partners, Vintage Investment Partners, Sapphire Ventures, ION Asset Management
- Series C, Jul 11, 2018, $50M — Insight Partners, Stripes, Entree Capital
- Series B, Apr 5, 2017, $25M — Genesis Partners, Insight Partners, Entree Capital
- Series A, Jun 23, 2016, $5M — Genesis Partners, Entree Capital, L1 Capital
- Series A, Aug 24, 2015, $2.6M — Genesis Partners, Entree Capital
- Seed, Aug 1, 2012, $1.5M — Genesis Partners

## Investors

- Genesis Partners (https://capitalatlas.ai/funds/genesis-partners) — Seed, Series A, Series B
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series A, Series B, Series C
- L1 Capital — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C
- Stripes (https://capitalatlas.ai/funds/stripes) — Series C
- Hamilton Lane (https://capitalatlas.ai/funds/hamilton-lane) — Series D
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series D
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series D
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series D
- ION Asset Management — Series D