Monday.com

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Monday.com Ltd.
Formerlydapulse
TypePublic
Nasdaq: MNDY
IndustryProcess management, project management, productivity software, team management, low-code development platform, no-code development platform
FoundedFebruary 2012; 9 years ago (2012-02) (as daPulse)
FoundersRoy Mann
Eran Zinman
Eran Kampf
Headquarters
Tel Aviv
,
Israel
ServicesProcess management, project management, productivity software, team management, customer relationship management, Collaborative software
Number of employees
799[1]
Websitewww.monday.com

Monday.com (styled in lowercase as monday.com), legally Monday.com Ltd., is a Cloud-based platform that allows companies to create their own applications and work 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.[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 then 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.[18] 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 over it was serving 127,000 customers across over 200 business verticals.[19][20][21] In May 2020 the company won the 2020 Webby Award for Productivity in the category Apps, Mobile & Voice.[22][23] In May 2021, the company filed for an IPO.[24] The company went public on June 10, 2021.[25]

Product[]

Monday.com is a customizable web and mobile work management platform. It is designed to help teams and organizations increase operational efficiency by tracking projects and workflows, visualizing data, and team collaboration. It includes automation capabilities and supports integrations with other work apps.[26][27] [28] In February 2020, the company released its 2.0 version, offering a code-free environment including over a hundred automation recipes and more than 50 integrations with other applications.[29] In June 2020, Monday.com launched its low-code apps framework, giving customers and third-party developers access to build their own applications on top of the platform.[30] In July 2020, Monday.com announced its fully embedded integration on Microsoft Teams.[31]In October 2020, Monday.com announced its integration with Adobe Creative Cloud.[32] In February 2021, the company opened its apps marketplace to catalog and share apps and integrations built on top of the platform by third-party developers.[33]

API[]

Version 1 of Monday.com's API uses REST JSON Application Programming Interface (API). The API is capable of handling Cross-Origin Resource Sharing (CORS) requests and uses an API Token as authentication.[34]

Version 2 of their API is based on the GraphQL structure (an alternative to REST based API). As a result, the user can use the API to pull and/or alter data about users, updates, items, boards, tags and more.[35]

In June 2020, Monday.com released its API to third-party developers. Monday.com's open API allows customers, partners or any third-party developer to build on top of the platform and extend its capabilities to fit the unique needs of different teams and organizations. Common use cases include custom views, dashboard widgets, automations, and integrations with other work apps.[36]

References[]

  1. ^ monday.com's Profile Page on craft.co, March 2021
  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; Jun 10, InvestorPlace Contributor; 2021; June 10, 8:42 am EDT; 2021 (June 10, 2021). "MNDY Stock IPO: What to Know as Monday.com Starts Trading Today". InvestorPlace. Retrieved June 27, 2021.CS1 maint: numeric names: authors list (link)
  7. ^ Wenkert, Amarelle (February 26, 2019). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". CTECH - www.calcalistech.com. Retrieved September 10, 2021.
  8. ^ "monday.com: Management Team". ir.monday.com. Retrieved August 25, 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. ^ 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.
  19. ^ Reuters and CTech, monday.com targeting over $6 billion valuation in Nasdaq IPO, June 1, 2021
  20. ^ "Monday.com wants to become your company's Work OS". BestTechie. February 4, 2020.
  21. ^ Lunden, Ingrid (July 30, 2019). "Monday.com raises $150M more, now at $1.9B valuation, for workplace collaboration tools". TechCrunch.
  22. ^ "Webby Awards 2020 – monday.com: Connecting 500K people to workplace processes - Winner". Retrieved June 10, 2021.
  23. ^ Kastrenakes, Jacob (May 20, 2020). "Here are all the winners of the 2020 Webby Awards". The Verge. Retrieved May 22, 2020.
  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. ^ D'Mello, Yolande (November 15, 2017). "How monday.com Grew 350% in 2016 — MarTechSeries". MarTech Series. Archived from the original on May 24, 2019.
  27. ^ Tsipori, Tali (June 4, 2017). "Israeli SaaS co dapulse raises $25m". Globes.
  28. ^ Miller, Ron (February 4, 2020). "Monday.com 2.0 workflow platform lets companies build custom apps". TechCrunch.
  29. ^ Ron Miller, monday.com 2.0 workflow platform lets companies build custom apps, TechCrunch, February 4, 2020
  30. ^ Phil Wainewright, Monday.com rolls out app framework to connect work across the enterprise, Diginomica, June 30, 2020
  31. ^ Steve Brooks, monday.com integrates to Microsoft Teams, Enterprise Times, July 8, 2020
  32. ^ Adi Pick, The new monday.com and Adobe Creative Cloud integration!, The monday.com Blog, October 22, 2020
  33. ^ Steve Brooks, monday.com launches apps marketplace, Enterprise Times, October 27, 2020
  34. ^ "daPulse". ProgrammableWeb. May 19, 2014.
  35. ^ "monday.com". February 20, 2020.
  36. ^ Steve Brooks, Monday.com launches Apps Framework, Enterprise Times, June 30, 2020
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