Monday.com Achieves $150 Million in Funding
Phenomenal results for the Series D funding round
Collaboration and workflow application brand, Monday.com, recently announced that it had completed a fantastic Series D funding round, led by a new investment partner, Sapphire Ventures. The funding led to $150 million in new investment opportunities for Monday.com, which the brand promises will mean fantastic things for its customers.
First and foremost, Monday.com is committed to continuing the expansion of the platform that users already know and love, delivering a wide variety of capabilities to empower today’s employees and flexible workers. The company said in a press release that it has always been their aim to create software that just “works for you,” they now have even more room to build on their success. The recent launch of Monday.com’s range of integrations and automation features has also created an experience for users that’s more flexible than ever.
Building on the Monday.com Heritage
According to the Monday.com team, the idea from the app emerged from the team trying to solve their own challenges with collaboration and communication across multiple environments in the workplace. They were frustrated by the lack of tools available to help departments work together and built a customisable and simple solution to fill the gap in the market. Today, Monday.com is among a range of apps that strive to solve this issue with consistent collaboration.
By adding integrations and automation into the mix, Monday.com has built-in transformative new abilities for the platform. Teams are now more empowered than ever, with options to connect a wide range of cloud apps to the tool, so that they can streamline their day-to-day activities. Monday.com believes that they’re giving companies the kind of experience they could previously only obtain with the help of a trained developer.
As Monday.com puts it, it’s like giving users their own personal assistant that they can keep with them in their digital environment, that ensures that they’re always getting the most out of their business days. Going forward, users will be able to integrate any tool that they need in the cloud environment into their Monday.com app, including chat capabilities, survey tools, and calendar features.
Big Plans for the Future
With their new successful funding round, Monday.com already has big plans for how it plans to continue growing and evolving in the years ahead. The company has announced that it’s thrilled to be part of a new category of software tools that allow people to get more from their business software. Monday.com feels that the mindset in the workplace is shifting from a traditional focus on problem-based software to a platform-based approach. This means that old-fashioned enterprise tools just might not be up to scratch anymore.
Going forward, Monday.com will continue to give its users complete freedom over the workplace experience that they create, with countless options for integrations, automation, and expansion. With the new funding and partners available to lift the app up, Monday.com expects big things from the months and years ahead.