Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Tel Aviv - Israel's Monday.com Raises $50 Million, Brings Total To $84 Million

Published on: July 11, 2018 12:45 PM
By: Reuters
Change text size Text Size  

Tel Aviv - Israeli team management software provider Monday.com said on Wednesday it raised $50 million in a new funding round, bringing the total raised so far to $84 million.

New York-based growth equity firm Stripes Group led the round with participation from existing investors, including Insight Venture Partners and Entree Capital.

In addition, the company secured a strategic line of credit of tens of millions of dollars from LeumiTech, the technology arm of Israel’s Bank Leumi.

Launched in 2014 with offices in Tel Aviv and New York, Monday.com is a platform that connects people to workplace processes, manages workloads and tracks projects. Paying customers include Carlsberg Group, Discovery Channel and McDonald’s.

In the last year, the company tripled revenue to tens of millions of dollars, tripled its customer base to more than 35,000, and more than doubled headcount to 130.



More of today's headlines

Shanghai - Chinese guests at Marriott International, the world's largest hotel chain, may soon be able to check in with a quick scan of their facial features. The... Mae Sai, Thailand - The Thai boys saved from a flooded cave endured dives in zero visibility lasting up to half an hour and in places were put in a harness and...

 

Total0

Read Comments (0)  —  Post Yours »

1

Sign-in to post a comment

Click here to sign-in.

Scroll Up
Advertisements:
Sell your scrap gold and broken jewelry and earn hard cash sell gold today!