“Like many successful businessmen have said over and over again - organization is key!

Are you struggling to make your own work management software? Well, stress no more! There’s an amazing cloud-based platform that’ll bring you closer to achieving your goals.

Founded in 2012, Monday.com has been at the top for many years. The company helps a lot of other companies improve team management and communication skills by offering useful tools and templates suitable for any manufacturing.

Co-founders Roy Mann and Eran Zinman came up with the idea to create Monday.com, a platform that’s offering many tools for various industries, as well as workflow templates that ease teamwork at a great deal.

Monday.com is a web and mobile-based platform that’s available for everyone. Offering customized solutions for companies that need help to improve their organization, Monday.com is the right place to check out.

Stay tuned to hear all about Roy and Eran’s amazing journey to success.

From Children to Aspiring Adults

Monday.com’s CEO, Roy is known to be a very private person, so very little is known about his childhood and the environment in which he grew up. However, since we wouldn’t want you to be in the dark, we were able to find out some interesting tidbits about the Israeli investor.

Even when Roy was a young boy, he developed a liking towards the internet and the invention of various products. Young Roy has started coding when he was in middle school, in the seventh grade, and was always eager to help his classmates.

The helping gene persisted in Roy throughout his life, and later on, he was helping his co-workers around topics related to the internet. Being an ambitious kid, Roy was also full of interesting ideas, and that, coupled with a desire to achieve something innovative, Roy eventually realized all of his ideas.

Just like Roy, Israeli-born Eran is the other CEO of Monday.com. From a young age, Eran was an outgoing kid and possessed great communication skills. While at school, Eran expressed a strong desire to learn about executing creative ideas. Little did he know, but Eran would put those ideas to great use later in life.

In his childhood, Eran considered himself a leader with a superior character, and that’s when he first realized that he wanted to be an inventor someday. We are happy to say that his childhood dream has come true.

Approaching the Idea of Monday.com

Monday.com’s co-founder Roy was so keen to learn that he even attended three universities. Roy studied electrical engineering for one year at the Ben Gurion University of the Negev. After that, he completed two years of studies at the Reichman University, studying computer science which brought him closer to getting the idea of Monday.com. Last but not least, Roy went to Lehigh University for future entrepreneurs and business leaders.

After finishing college, Roy started working as a web developer which was his initial aspiration and later proceeded as a team leader in another firm. However, Roy didn’t find himself in these jobs, mostly due to his ambitious character which led him to achieve more and more.

His journey went on as he developed his first company called SaveAnAlien.com, making him a CEO and founder. The company held out for nearly 4 years, but Roy decided it’s time for something new. Finally, in February 2012, he along with Eran developed Monday.com, and their business has been thriving for almost 10 years.

On the other hand, Eran started garnering experience while still in high school. He attended the Blitch High School for Computer Science and afterward went to Tel Aviv University. There he studied computer science and electrical engineering for 4 years.

His professional journey started when Eran landed a job as a software engineer and team leader which were his two main dream jobs. However, given that he always wanted to develop something on his own, it led Eran to form a company named Othersay. Unfortunately, the firm didn’t progress well and after a year, Eran was forced to look for another job.

Luck was on his side because, in December 2012, Eran met with Roy and joined Monday.com as a co-founder and CEO. Both of them built the company from scratch and made it the billion-dollar company that it is today.

Building a Million-Dollar Company from Scratch

Everything went uphill for the two co-founders Roy and Eran in early 2012. That’s when Roy initially launched the platform, after going back and forth between different businesses.

Roy’s idea was to make a project management data company that would help other companies with better organizing and offer useful tools and templates to make their jobs easier.

With the help of Eran, the company had its big breakthrough after it started progressing well and attracted some huge investors who donated $150M. Zoom and Salesforce Venture were some of the big shots that believed and invested in the company. Additionally, many people and companies saw the great potential Monday.com held and started using its cloud-based platform.

Since the company’s big break, Roy and Eran have become millionaires thanks to the amazing tools on offer and the big number of satisfied users. Nearly 9,153,860 users visit Monday.com, on a monthly basis.

When potential clients think of purchasing the amazing tools and templates included in the project management that Monday.com offers, they also assess competencies. In order to find the best cloud-based platform companies evaluate similar alternatives based on integration, reliability, service, and many other things.

Before becoming the relied-upon choice for project management, Monday.com had to shake off the competition coming from companies like Smartsheet, Microsoft Project Online, and Wrike, among others.

Securing Financial Stability

Since its founding in 2012, Monday.com has uplifted its funding at a total of an amazing $384.1M over 7 rounds. This astonishing funding sum is achieved thanks to their 11 loyal investors, 7 of which are acting as lead investors. The last funding that Monday.com has raised happened in 2021, on the 10th of June. It was the first Post IPO Equity round in their existence.

Some of their best lead investors and more recent ones include Zoom, Salesforce Ventures, and Sapphire, which are also the investors who raised the biggest amounts of money. These three investors have invested $150M each, unlike the other investors that put in smaller amounts, of up to $50M, which is not so shabby, after all.

Eran and Roy have both agreed that since Monday.com was evolving into a big, long-term company, going public was only the logical way to go. And so it happened - Monday.com went public under the stock symbol NASDAQ: MNDY.

The IPO date was set on the 10th of Jun, 202,1 and its valuation is around $7.5B, which currently makes it one of the highest IPO Israeli companies, worldwide. With the IPO valuation, the two co-founders became billionaires, which is well deserved.

Monday.com, Today

The two ambitious inventors have turned their ideas into reality and accomplished something truly big through their cloud-based platform. Roy and Eran have helped many clients and companies, more than 110 thousand companies, to be exact, all thanks to their useful project management tools and workflow templates.

Today, Monday.com holds its headquarters in Tel Aviv, Israel, and employs more than 500 people.

What’s next for Monday.com, you might ask? Well, the AI company, Beautiful.ai announced it would gladly merge with Monday.com to offer heightened productivity in the hybrid workspace of today.

Based on their Monday.com official website, 84% of the people who use it feel very satisfied with what it has to offer. We are sure that many more great achievements and successes will follow for Roy and Eran, with the pace they are going within the near future.