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Monday.com was founded in 2012 by Roy Mann, Eran Kampf and Aron Zinman. By August of that year, the company, then called Dapulse, had raised $1.5 million in seed funding.
The product was launched commercially in 2014. In June 2016, the company announced the closing of a Series A round of $7.6 million.
The round was led by New York-based firm Insight Venture Partners, with participation from existing Series A investors Genesis Partners and Entry Capital.
The round was led by Stripes Group, a New York-based growth equity firm, with participation from existing Series A and B investors, Insight Venture Partners and Entry Capital.
The round was led by Sapphire Ventures, with participation from Hamilton Lane, Harbourwest Partners, Ion Crossover Partners and Vintage Investment Partners.
The funding gave the company a valuation of $1.9 billion, making it a unicorn. As of 2021, the company reported that it was serving 127,000 customers in more than 200 business verticals