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monday.com Ltd.
Formerlydapulse (2012–2017)
Company typePublic
Nasdaq: MNDY
IndustryProcess management, project management software, productivity software, team management, low-code development platform, no-code development platform
FoundedFebruary 2012; 12 years ago (2012-02) (as dapulse)
Founders
  • Roy Mann
  • Eran Zinman
  • Eran Kampf
Headquarters
Tel Aviv
,
Israel
Key people
  • Roy Mann (co-CEO)
  • Eran Zinman (co-CEO)
ServicesProcess management, project management software, productivity software, team management, customer relationship management, collaborative software
RevenueIncrease US$730 million (2023)[1]
Negative increase US$−39 million (2023)[1]
Negative increase US$−1.9 million (2023)[1]
Total assetsIncrease US$1.28 billion (2023)[1]
Total equityIncrease US$814 million (2023)[1]
Number of employees
1,854 (2023)[1]
Websitemonday.com

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 of that year, 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 $7.6 million 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 a $50 million 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 raised a $150 million Series D round, bringing total funding to $234.1 million. 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 $1.9 billion, 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]

API

Version 1 of monday.com's API is a REST-based JSON API capable of handling cross-origin resource sharing (CORS) requests and uses an API Token as authentication.[26]

Version 2 of their API is a GraphQL API 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. Use cases include custom views, dashboard widgets, automations, and integrations with other work apps.[27]

References

  1. ^ a b c d e f "monday.com 2023 Annual Report (Form 20-F)". SEC.gov. U.S. Securities and Exchange Commission. March 14, 2024.
  2. ^ Zaveri, Paayal (February 5, 2020). "Hot productivity startup Monday.com is making a bet on helping non-developers build apps to manage any kind of project, without coding". Business Insider.
  3. ^ Nicole Willing, Monday.com IPO: is the latest software listing a buy?, Capitol.com, June 7, 2021
  4. ^ a b c Konrad, Alex (July 30, 2019). "Israel's New Top Unicorn: Monday.com Hits $1.9 Billion Valuation With $150 Million Raise". Forbes.
  5. ^ Megan Hernbroth, monday.com, a proudly unprofitable workplace productivity tool reaches $1.9 Billion valuation with $150 Million Series D, Business Insider, July 30, 2019
  6. ^ Lakin, Robert (June 10, 2021). "MNDY Stock IPO: What to Know as Monday.com Starts Trading Today". InvestorPlace. Retrieved June 27, 2021.
  7. ^ Wenkert, Amarelle (February 26, 2019). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". calcalistech.com. Retrieved September 10, 2021.
  8. ^ a b Konrad, Alex (July 11, 2018). "Israeli Startup Monday Had To Change Its Name To Crack The U.S. Now Its Team Software Is Worth $550M". Forbes. Retrieved May 24, 2021.
  9. ^ O'Hear, Steve (August 1, 2012). "Standing On Its Own: Wix Spin-Off daPulse Scores 1.5m Series A For Its Internal Communications Tool". TechCrunch.
  10. ^ "daPulse הישראלית מגייסת 1.5 מיליון דולרים". Geektime.com (in Hebrew). August 1, 2012.
  11. ^ a b c O'Hear, Steve (June 23, 2016). "Dapulse closes $7.6M Series A for its project management SaaS". TechCrunch. Retrieved May 24, 2021.
  12. ^ Eliran Rubin, מאדריכלים ועד חברות היי-טק: DaPulse גייסה 25 מיליון דולר כדי לעזור בניהול הארגון, The Marker, April 6, 2017
  13. ^ Rob Watts, Monday.com in the PCMag Startup Spotlight. PC Mag, July 18, 2018
  14. ^ "Team management platform DaPulse raises $7.6m". Globes. June 26, 2016.
  15. ^ Magistretti, Bérénice (April 6, 2017). "Dapulse raises $25 million for its project management tool". VentureBeat.
  16. ^ "Israeli management software start-up Dapulse raises $25 mln". Reuters. April 6, 2017.
  17. ^ Peterson, Becky (November 12, 2017). "The project management startup dapulse is changing its name because people kept making fun of it". Business Insider.
  18. ^ Reuters and CTech, monday.com targeting over $6 billion valuation in Nasdaq IPO, June 1, 2021
  19. ^ "Monday.com wants to become your company's Work OS". BestTechie. February 4, 2020.
  20. ^ Lunden, Ingrid (July 30, 2019). "Monday.com raises $150M more, now at $1.9B valuation, for workplace collaboration tools". TechCrunch.
  21. ^ "Webby Awards 2020 – monday.com: Connecting 500K people to workplace processes - Winner". Retrieved June 10, 2021.
  22. ^ Kastrenakes, Jacob (May 20, 2020). "Here are all the winners of the 2020 Webby Awards". The Verge. Retrieved May 22, 2020.
  23. ^ "Israeli work management firm monday.com files publicly for U.S. IPO". Reuters. Reuters. May 17, 2021. Retrieved January 14, 2022.
  24. ^ "Monday.com files publicly for U.S. IPO, reveals $39 million net loss in Q1 2021". Calcalis Tech. May 17, 2021. Retrieved May 24, 2021.
  25. ^ "Monday.com Shares Jump at IPO, Minting a New Cloud Software Billionaire in Israel". Forbes. June 10, 2021. Retrieved June 10, 2021.
  26. ^ "daPulse". ProgrammableWeb. May 19, 2014.
  27. ^ Steve Brooks, "Monday.com launches Apps Framework", Enterprise Times, June 30, 2020

External links

Task management software and project management software
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