Company:Monday.com

From HandWiki
Monday.com Ltd.
Formerlydapulse (2012–2017)
TypePublic
NASDAQ: MNDY
IndustryProcess management, project management software, productivity software, team management, low-code development platform, no-code development platform
FoundedFebruary 2012; 13 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 an Israeli-based 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] The company, originally called Dapulse, began as an internal tool developed at SAAS website builder Wix.com to address communication and transparency challenges as Wix rapidly scaled. Recognizing its broader potential, the tool was spun off as a separate startup in 2012, with Wix as its first customer and supporter.[9] By August 2012, Dapulse raised $1.5 million in seed funding.[10][11][12] The product was commercially launched in 2014.[13][14] In June 2016, the company announced the closing of $7.6M in a Series A round.[15][12] The round was led by Genesis Partners, with participation from existing backer Entrée Capital.[12]

In April 2017, the company raised $25 million.[16] The round was led by New York–based firm Insight Venture Partners, with participation from existing Series A investors Genesis Partners and Entrée Capital.[17] In November 2017, the company changed its brand name from dapulse to monday.com.[18]

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.[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 a U.S. IPO.[24][25] The company went public on June 10, 2021.[26]

In January 2025, TheJournal.ie reported that Ireland's Rental Sector Watchdog, the Residential Tenancy Board (RTB) cut ties with the Israeli-based company that provides the software for its internal record-keeping system, following backlash from staff. The TheJournal.ie went onto say, "employees at RTB cited Monday.com’s work with the Israeli government. Monday.com include Benjamin Netanyahu’s government on its website as a case study of its prior work." [27]

In February 2025, monday.com reported record financial results for the fourth quarter and the fiscal year 2024, with a revenue of $268 million, representing a 32% growth compared to the previous year.[28] The company also achieved a record non-GAAP operating profit and a net dollar retention rate of 112%. Additionally, monday.com plans to hire around 600 new employees over the next 12 months and is seeking strategic acquisitions to expand its operations.[29]

API

Version 1 of monday.com's API is a representational state transfer based JSON API capable of handling cross-origin resource sharing (CORS) requests and uses an API Token as authentication.[30]


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. Use cases include custom views, dashboard widgets, automations, and integrations with other work apps.[31]

Israeli-Palestinian conflict

Monday.com has worked with the Israeli government, during the Gaza war.[32] It worked with Benjamin Netanyahu before the Gaza war too.[32]

According to Bloomberg News, about five percent of the company's employees were called up for reserve duty in the Israel Defense Forces after the attacks, while the Israeli business daily Calcalist reported the figure was closer to seven percent. Both outlets noted that monday.com expanded its mental-health services and created reintegration tools for returning reservists.[33] [34]

In October 2023, Forbes reported that monday.com’s software was being used by volunteer groups and civil organizations to coordinate humanitarian relief efforts and logistics following the attacks. The article described monday.com as one of several Israeli tech platforms that quickly adapted their tools to support volunteer coordination during the crisis.[35]

According to Forbes, "around 200 local employees volunteered from monday.com’s Israel office in the first week after the attacks. They helped organize the purchase of floral wreaths for funerals, coordinated donations of supplies and supported other groups running their projects using monday.com’s software in conjunction with monday.com’s non-profit arm, Digital Lift."[36]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "monday.com 2023 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 14 March 2024. https://www.sec.gov/ix?doc=/Archives/edgar/data/1845338/000117891324000943/zk2431098.htm. 
  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" (in en-US). https://www.businessinsider.com/monday-producitivity-startup-no-code-low-code-2020-2. 
  3. ↑ Nicole Willing, Monday.com IPO: is the latest software listing a buy?, Capitol.com, June 7, 2021
  4. ↑ 4.0 4.1 4.2 Konrad, Alex (July 30, 2019). "Israel's New Top Unicorn: Monday.com Hits $1.9 Billion Valuation With $150 Million Raise" (in en). https://www.forbes.com/sites/alexkonrad/2019/07/30/monday-raises-150-million-becomes-israel-top-unicorn/. 
  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 (2021-06-10). "MNDY Stock IPO: What to Know as Monday.com Starts Trading Today" (in en-US). https://investorplace.com/2021/06/mndy-stock-ipo-what-to-know-as-monday-com-starts-trading-today/. 
  7. ↑ Wenkert, Amarelle (2019-02-26). "Insight Venture Buys Portfolio From Israel-Based Venture Firm Genesis Partners". https://www.calcalistech.com/ctech/articles/0,7340,L-3757168,00.html. 
  8. ↑ 8.0 8.1 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" (in en). https://www.forbes.com/sites/alexkonrad/2018/07/11/monday-israel-funding/. 
  9. ↑ Shontell, Alyson (1 August 2012). "Standing On Its Own, Wix Spin-Off Dapulse Scores $1.5M Series A For Its Internal Communications Tool". https://techcrunch.com/2012/08/01/standing-on-its-own-wix-spin-off-dapulse-scores-1-5m-series-a-for-its-internal-communications-tool/. 
  10. ↑ O'Hear, Steve (August 1, 2012). "Standing On Its Own: Wix Spin-Off daPulse Scores 1.5m Series A For Its Internal Communications Tool" (in en-US). https://techcrunch.com/2012/08/01/standing-on-its-own-wix-spin-off-dapulse-scores-1-5m-series-a-for-its-internal-communications-tool/. 
  11. ↑ "daPulse הישראלית מגייסת 1.5 מיליון דולרים" (in he-IL). August 1, 2012. https://www.geektime.co.il/dapulse-series-a/. 
  12. ↑ 12.0 12.1 12.2 O'Hear, Steve (June 23, 2016). "Dapulse closes $7.6M Series A for its project management SaaS" (in en-US). https://techcrunch.com/2016/06/23/dapulse/. 
  13. ↑ Eliran Rubin, מאדריכלים ועד חברות היי-טק: DaPulse גייסה 25 מיליון דולר כדי לעזור בניהול הארגון, The Marker, April 6, 2017
  14. ↑ Rob Watts, Monday.com in the PCMag Startup Spotlight. PC Mag, July 18, 2018
  15. ↑ "Team management platform DaPulse raises $7.6m" (in en). Globes. June 26, 2016. https://en.globes.co.il/en/article-team-management-platform-dapulse-raises-76m-1001134793. 
  16. ↑ Magistretti, Bérénice (April 6, 2017). "Dapulse raises $25 million for its project management tool" (in en-US). https://venturebeat.com/2017/04/06/dapulse-raises-25-million-for-its-project-management-tool/. 
  17. ↑ "Israeli management software start-up Dapulse raises $25 mln" (in en). Reuters. April 6, 2017. https://www.reuters.com/article/tech-dapulse-fundraising-idUSL5N1HD416. 
  18. ↑ Peterson, Becky (November 12, 2017). "The project management startup dapulse is changing its name because people kept making fun of it" (in en-US). https://www.businessinsider.com/dapulse-changing-company-name-people-made-fun-of-it-2017-11. 
  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" (in en). February 4, 2020. https://www.besttechie.com/monday-com-wants-to-become-your-companys-work-os/. 
  21. ↑ Lunden, Ingrid (July 30, 2019). "Monday.com raises $150M more, now at $1.9B valuation, for workplace collaboration tools" (in en-US). https://techcrunch.com/2019/07/30/monday-com-raises-150m-more-now-at-1-9b-valuation-for-workplace-collaboration-tools/. 
  22. ↑ "Webby Awards 2020 – monday.com: Connecting 500K people to workplace processes - Winner". https://winners.webbyawards.com/2020/apps-and-software/general-mobile-ott-apps/work-productivity/114486/mondaycom-connecting-500k-people-to-workplace-processes. 
  23. ↑ Kastrenakes, Jacob (May 20, 2020). "Here are all the winners of the 2020 Webby Awards" (in en). https://www.theverge.com/2020/5/20/21263445/2020-webby-awards-winners-lil-nas-x-nasa-jon-krasinski. Retrieved May 22, 2020. 
  24. ↑ "Israeli work management firm monday.com files publicly for U.S. IPO" (in en). Reuters. Reuters. 2021-05-17. https://www.reuters.com/technology/israeli-work-management-firm-mondaycom-files-publicly-us-ipo-2021-05-17/. 
  25. ↑ "Monday.com files publicly for U.S. IPO, reveals $39 million net loss in Q1 2021". May 17, 2021. https://www.calcalistech.com/ctech/articles/0,7340,L-3907829,00.html. 
  26. ↑ "Monday.com Shares Jump at IPO, Minting a New Cloud Software Billionaire in Israel" (in en). June 10, 2021. https://www.forbes.com/sites/alexkonrad/2021/06/10/monday-shares-jump-at-ipo-minting-new-cloud-software-billionaire-in-israel/?sh=555963b34be8. Retrieved June 10, 2021. 
  27. ↑ "Ireland's rental sector watchdog cuts ties with Israel-based company after staff backlash" (in en). January 25, 2025. https://www.thejournal.ie/israeli-companies-ireland-6595020-Jan2025/. Retrieved October 17, 2025. 
  28. ↑ https://www.audatia.com.br/parceiros/monday/
  29. ↑ https://www.calcalistech.com/ctechnews/article/rycistdip
  30. ↑ "daPulse". May 19, 2014. https://www.programmableweb.com/api/dapulse. 
  31. ↑ Steve Brooks, "Monday.com launches Apps Framework", Enterprise Times, June 30, 2020
  32. ↑ 32.0 32.1 Dalton, Eoghan (2025-01-25). "Ireland's rental sector watchdog cuts ties with Israel-based company after staff backlash" (in en). https://www.thejournal.ie/israeli-companies-ireland-6595020-Jan2025/. 
  33. ↑ "Tech Workers Are Being Deployed to Fight for Israeli Military". Bloomberg. https://www.bloomberg.com/news/articles/2023-10-09/israeli-vc-executive-deployed-to-gaza-after-hamas-attacks. 
  34. ↑ "Return of IDF reservists presents unique challenges for tech companies" (in he). Calcalist. October 2023. https://www.calcalistech.com/ctechnews/article/7l6yhdusi. 
  35. ↑ Konrad, Alex (27 October 2023). "The 'Uber of Life-Saving': These Tech Tools Are Helping Israeli Workers Coordinate Volunteer Support". Forbes. https://www.forbes.com/sites/alexkonrad/2023/10/27/tech-tools-helping-israeli-workers-coordinate-volunteer-support/. 
  36. ↑ Konrad, Alex (27 October 2023). "The 'Uber of Life-Saving': These Tech Tools Are Helping Israeli Workers Coordinate Volunteer Support". Forbes. https://www.forbes.com/sites/alexkonrad/2023/10/27/tech-tools-helping-israeli-workers-coordinate-volunteer-support/. 



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