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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.
(Reporting by Tova Cohen; Editing by Steven Scheer)
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