Monday.com hits $1 billion in annual recurring revenue
08.26.2024 | Entree
In the News
Enterprise software company monday.com announced on Monday that it has reached $1 billion in annual recurring revenue (ARR). The company said it recently achieved this financial milestone, a decade after it launched its Work Operating System (Work OS) and eight years since it reached $1 billion in ARR.
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According to Crunchbase, monday.com raised a total of $234.1 million over six funding rounds in private markets.19 Prominent investors in the company included London-based Entree Capital and Hamilton Lane. In 2018, it was valued at $550 million. By July 2019, when it raised $150 million in a Series D round from investors, monday.com was worth $1.9 billion.20