Monday's valuation the Israeli startup that develops software jumped to $ 2.7 billion

Monday's valuation (Monday.com), the Israeli startup that develops software to help employees work remotely, jumped to $ 2.7 billion, according to knowledgeable sources. The estimate represents a 42% jump in the value of the company since its recent recruitment at a time when many startups are facing difficulties.
The company's value jumped after some of its investors gave up percentages of the company in the sale of secondary shares, the officials said they did not want to be identified. In its latest round of funding last year, Monday's valuation was estimated at $ 1.9 billion. Company spokesmen declined to comment for its new valuation report.
The company's products are gaining popularity among its customers who are looking for ways to manage workers forced to work from home following the Corona epidemic, company CEO Eran Zinman said in an interview with him on Thursday. In the media, he said.
"We solve the same problems we used to solve, only now that we are more accurate when we work from home," said Roy Man, co-founder and CEO of the company.
The growth associated with the Corona epidemic "accelerated" plans to double the company's workforce by the end of the year to 720 employees, Mann said. Established in 2014, Monday has raised $ 234.1 million from investors. Investors include Hamilton Lane, Spire Ventures and Enterprises Capital.
The plague has been of no use to other companies trying to raise money and balance their situation. Rent de Runway is close to completing a round of funding that will give the company less than $ 1 billion in value as it used to, according to sources with knowledge of the matter. Samsara Networks, a logistics startup, suffered a $ 1 billion decline to $ 5.4 billion in a new round of funding.
Monday has about 100,000 customers in 160 countries, Mann said. Companies that facilitate remote work like the video call zoom service have been enjoying a surge since the corona eruption in Europe and the US and because many workers have had to move from home.