What is monday.com?
monday.com operates the monday.com Work OS, a low-code, no-code platform designed to empower organizations in building custom work management tools and software applications. The platform facilitates seamless connectivity between people, processes, and systems, fostering team efficiency and business transparency. With a global presence, monday.com serves a diverse clientele seeking to digitize and optimize their operational workflows.
How much funding has monday.com raised?
monday.com has raised a total of $808.1M across 6 funding rounds:
Angel/Seed
$1.5M
Series A
$7.6M
Series B
$25M
Series C
$50M
Series D
$150M
Stock Offering
$574M
Angel/Seed (2012): $1.5M with participation from GenesisPartners
Series A (2016): $7.6M led by Genesis Partners and Entrée Capital
Series B (2017): $25M supported by Genesis Partners, Insight Venture Partners, and Entrée Capital
Series C (2018): $50M featuring Insight Venture Partners, Entrée Capital, and Stripes Group
Series D (2019): $150M backed by Hamilton Lane, Sapphire Ventures, ION Crossover Partners, Vintage Investment Partners, and HarbourVest Partners
Stock Issuance/Offering (2021): $574M, investors not publicly disclosed
Key Investors in monday.com
Genesis Partners
Genesis Partners is a prominent Israeli venture capital firm established in 1996, known for its focus on high-potential, innovation-driven companies and strong relationships with entrepreneurs. They have a track record of successful investments and exits in the tech sector.
Insight Venture Partners
Insight Venture Partners is a global venture capital and private equity firm that invests in high-growth software companies. They provide operational and strategic support to their portfolio companies to help them scale effectively.
Stripes Group
Stripes is a New York City-based growth equity firm that specializes in investing in branded consumer and software companies, partnering with businesses to drive their next phase of growth.
What's next for monday.com?
The recent major strategic investment positions monday.com for accelerated expansion and product development. This capital infusion is expected to fuel further innovation within the Work OS, potentially enabling the company to deepen its market penetration, enhance its platform capabilities, and explore new strategic partnerships. The company's focus will likely remain on democratizing software development for work management, catering to an increasing demand for agile and customizable business solutions.
See full monday.com company page
