Revolutionizing work management.

From Chaos to Collaboration with Monday.

About the founders 👤

Roy Mann: Roy Mann is one of the co-founders and the current CEO of Monday.com. With a background in software development, Roy played a pivotal role in shaping the platform's vision and strategy. He brings extensive experience in entrepreneurship, having previously founded and led several technology companies before co-founding Monday

Eran Zinman: Eran Zinman, another co-founder of Monday.com, serves as the company's Chief Technology Officer (CTO). With a strong technical background, Eran has been instrumental in driving the technological innovation behind the platform. He brings expertise in software architecture, development methodologies, and scalable infrastructure.

Eran Yahav: Eran Yahav is the third co-founder of Monday.com and serves as the company's Chief Operating Officer (COO). With a background in product management and business development, Eran has played a vital role in shaping the platform's features, user experience, and overall business operations.

Together, these three have combined their expertise and entrepreneurial spirit to create and lead Monday.com, transforming it into a widely recognized and successful work operating system.

Discovering a golden opportunity 💡

Roy Mann, an executive at Wix, identified the need for a more effective solution to track employees and their projects. Collaborating with Eran Zinman, who was heading research and development at a mobile company called Conduit Mobile, they embarked on a journey to address this challenge. In February 2014, they launched their own startup, originally named Dapulse.

Welcome to Monday.com 🏪

Monday allows teams to collaborate, track progress, and organize their work in a centralized location. Users can create boards to manage various aspects of their projects, such as task tracking, project management, sales pipelines, product development, marketing campaigns, and more. Within each board, users can create and customize columns, add tasks or items, assign team members, set due dates, attach files, add comments, and track progress.

The platform offers a range of features and integrations to enhance productivity and streamline workflows. It provides automation capabilities to reduce manual work, enables users to set up notifications and reminders, offers time tracking functionalities, and allows for easy data visualization through charts and dashboards. Additionally, Monday integrates with popular tools and services such as Jira, Slack, Trello, and Google Drive, among others, to facilitate seamless collaboration and data sharing.

How profitable is Monday.com 💵 ?

Monday surprised the market with its impressive performance in the third quarter, reporting a shift to profitability in the fourth quarter and projecting sustained growth for 2023. The company's full-year revenue for 2022 reached $519 million, marking a remarkable 68% increase compared to the previous year. Looking ahead, Monday has forecasted revenue ranging from $688 million to $693 million for 2023, reflecting a notable growth rate of 33% to 34% compared to the previous year. These promising figures highlight Monday's ability to capture market share and capitalize on the growing demand for its work management software solutions.

What is the growth potential of this business 🌎?

The demand for efficient project management and collaboration tools continues to grow as businesses increasingly prioritize streamlined workflows and enhanced team productivity. Monday's flexible and customizable platform, along with its focus on user-friendly interfaces and automation, positions it well to capitalize on this market demand.

Monday has consistently expanded its features, integrations, and partnerships to enhance its offering and cater to diverse customer needs. This proactive approach to innovation and adaptability contributes to the company's growth potential. The company's successful IPO in 2021, which generated significant funds, provides Monday with additional resources to invest in product development, marketing, and expansion efforts, further fueling its growth trajectory.

But as with any company in 2023, Monday has plans to incorporate Ai into their systems, which will help their growth greatly.

Where are they in the funding process💱?

With an IPO in 2021, Monday made a strong debut in its U.S. trading when it went public, raising an impressive $574 million through the IPO. The company's shares opened at $173.15 on the following Thursday, surpassing the IPO price of $155. The stock performed well, reaching a high of $182 per share, reflecting a significant increase of 17% above its IPO price. This successful trading debut demonstrates investor confidence in Monday.com's potential and market prospects. Monday has raised just about $384 million with it’s last round being a Post IPO equity round in 2021 and it’s first round being a seed in mid 2012. Investors include popular video platform, Zoom, Digital Horizon, and Insight Partners. The stock is now trading at around $173 and has a market cap of $8.29 Billion.

🐦 @Mondaydotcom