Monday.com Ltd.
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Monday.com Ltd. - overview
Established
2012
Location
Tel Aviv-Yafo, -, Israel
Primary Industry
Software
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.
Current Investors
Zoom Communications, Inc., Salesforce Ventures, Genesis Partners
Primary Industry
Software
Sub Industries
Consulting Services, Content Management Software, Customer Relationship Management, HR & Workforce Software, Sales & Marketing Software
Website
www.monday.com
Verticals
Cloud Computing, Cloud Computing, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Monday.com Ltd. - timeline of key events
Monday.com Ltd. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 78,089,000 | 161,123,000 | 308,150,000 | - | - | - |
| % Revenue Growth (YoY) | - | 106.3% | 91.3% | - | - | - |
| EBITDA (USD) | (91,939,000) | (148,649,000) | (123,379,000) | - | - | - |
| Operating Income (USD) | (92,518,000) | (150,537,000) | (126,125,000) | - | - | - |
| Operating Margin | (118.5%) | (93.4%) | (40.9%) | - | - | - |
| % EBITDA Margin | (117.7%) | (92.3%) | (40.0%) | - | - | - |
| NET Income (USD) | (91,611,000) | (152,203,000) | (129,294,000) | - | - | - |
| % Net Margin | (117.3%) | (94.5%) | (42.0%) | - | - | - |
Monday.com Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Monday.com Ltd. | - |
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Monday.com Ltd. - employee data
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