Monday.com Ltd. (styled in lowercase as monday.com) is a cloud-based platform that allows users to create their own applications and project management software.[2][3] The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation.[4][5] The company went public in June 2021 and is based in Tel Aviv, Israel.[6]
History
Monday.com was founded in 2012[7] by Roy Mann, Eran Kampf and Eran Zinman.[8] By August 2012, the company, then called Dapulse, raised $1.5 million in seed funding.[9][10][11] The product was commercially launched in 2014.[12][13] In June 2016, the company announced the closing of $7.6M in a Series A round.[14][11] The round was led by Genesis Partners, with participation from existing backer Entrée Capital.[11]
In April 2017, the company raised $25 million.[15] The round was led by New York–based firm Insight Venture Partners, with participation from existing Series A investors Genesis Partners and Entrée Capital.[16] In November 2017, the company changed its brand name from dapulse to monday.com.[17]
In July 2018, the company raised $50 million in a Series C funding round.[8] The round was led by New York–based growth equity firm, Stripes Group, with participation from existing Series A and B investors, Insight Venture Partners and Entrée Capital. In July 2019, the company announced it had raised $150M in a Series D round, bringing total funding to $234.1M. The round was led by Sapphire Ventures with participation from Hamilton Lane, HarbourVest Partners, ION Crossover Partners, and Vintage Investment Partners.[4]
The funding gave the company a valuation of $1.9B, making it a unicorn.[4] As of 2021, the company reported it was serving over 127,000 customers across over 200 business verticals.[18][19][20] In May 2020, the company won the 2020 Webby Award for Productivity in the category Apps, Mobile & Voice.[21][22] In May 2021, the company filed for a U.S. IPO.[23][24] The company went public on June 10, 2021.[25]
Version 2 of their API is a GraphQLAPI that allows users to pull and/or alter data about users, updates, items, boards, tags, and more.[citation needed]
In June 2020, monday.com released its API to third-party developers. monday.com's open API allows users to build on the platform capabilities to fit their needs. Use cases include custom views, dashboard widgets, automations, and integrations with other work apps.[27]
