Video: Workplace collaboration software Monday.com raised $150M
August 11, 2019
Monday.com, one of the faster growing workplace collaboration platforms has announced a $150 million round at $1.9B valuation — a whopping raise that points both to its success so far and the opportunity ahead for the wider collaboration space, specifically around better team communication and team management. It now has 80,000 organizations as customers, up from a mere 35,000 a year ago, with the number of actual employees within those organizations numbering as high as 4,000 employees, or as little as two, spanning some 200 industry verticals, including a fair number of companies that are non-technical in their nature (but that still rely on using software and computers to get their work done). The client list includes Carlsberg, Discovery Channel, Philips, Hulu and WeWork and a number of Fortune 500 companies.
Speaking about Workplace collaboration software it's interesting to remind that:
Earlier this year Slack competitor Facebook Workplace has raised its prices for the first time:
After three years of life and 2 million paying users signed up, Facebook Workplace is changing its pricing tiers. Up to now, Facebook has taken a very simple approach to how it charges for Workplace, unique not just because of it being a paid service (unlike Facebook itself, which is free), but for how it modeled its pricing on the basic building block of Facebook-the-consumer product: a basic version was free, with an enhanced premium edition costing a flat $3 per active user, per month. Now, the standard (basic) tier is getting rebranded as Workplace Essential, and will still be free to use. Meanwhile, the premium tier is being renamed Workplace Advanced and getting charged $4 per person, per month. And Facebook is introducing a new tier, Workplace Enterprise, which will be charged at $8 per person, per month, and will come with a new set of services specifically around guaranteed, quicker support and first-look access at new features.
Earlier this year Facebook Workplace got reboot to boost activity and cut down on noise:
Facebook unveiled a major redesign for its Workplace service. On the UI side, the new design notably brings two key Workplace features — Groups and contacts for Chats — out of the right-rail graveyard, where many users are believed to have stopped looking years ago to ignore ads — and into the left column, which used to provide a menu of tools and further information about your organization. Notifications, meanwhile, is getting its own “inbox,” so to speak. This is a clever turn that essentially expands the list of actions that have happened that are relevant to you, so that you can click on each one and jump to a view of that relevant piece of content, separate from being in the main default page. Another new update is that Workplace now has a “focus” mode in sections like Groups that take away the left navigation column so you can look specifically at the content you are working on without lots of alerts from other groups, individuals or the company at large.
Last year Asana launched $19.99 Business tier to help managers handle multiple projects:
Project management service Asana is adding another tier for enterprises that are using Asana for multiple projects: Asana Business, priced at $19.95 per user, per month. Aimed primarily at teams that have managers or executives overseeing multiple projects simultaneously — sometimes in the thousands for a single organization — the idea is that Business will have extra features to help designated people handle and triage that workload more effectively. That focus on executives and managers is one part of the company’s bigger vision of where it sees its own place in the range of productivity tools that a business might use, alongside other areas like efficient storage (a la Dropbox, Box or another cloud-based service) or communication (eg, Slack, Workplace, Teams, etc.).