monday.com Gains $50 Million in Series C

Team management platform monday.com secured a $50 million Series C round, bringing its total funding to $84.1 million. The New York-based growth equity firm Stripes Group led the round, with participation from existing Series A and B investors Insight Venture Partners and Entrée Capital. The company also secured a strategic line of credit from LeumiTech, the technology banking arm of Bank Leumi, providing the company with additional non-dilutive capital to scale.

Launched in 2014 with offices in Tel Aviv and New York, monday.com’s workplace management platform strives to be simple and flexible enough to meet the needs of just two people working together, as well as vastly complex workplace operations of thousands, spanning different departments and time zones. The product’s intuitive design, flexible structure, and scalability has attracted users across 200 business verticals, including Carlsberg Group, Discovery Channel, McDonalds, and WeWork, among 35,000 others.