Israel’s New Top Unicorn: Monday.com Hits $1.9 Billion Valuation With $150 Million Raise

Israel has a new most valuable startup: project management software-maker Monday.com.

Monday.com announced it has raised $150 million in a Series D investment led by Sapphire Ventures. The round more than tripled Monday.com's valuation to $1.9 billion from $550 million in just one year, making Monday the highest-valued startup in its category of work software and the most valuable startup based in Israel.

Founded by Roy Mann and Eran Zinman as dapulse in 2014, Monday has emerged as one of the leaders in work software that helps teams track projects and assign tasks to individuals and groups, a category known as project management. Some 80,000 paying businesses use Monday today, up from 35,000 a year ago, and include businesses like Philips, WeWork and Wix.com.

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