monday.com is a multi-functional planning platform dedicated to streamlining workflows and improving productivity within companies. Since it first launched in 2014 (under a different name), the platform has gone from strength to strength, and there's more exciting news recently announced.
The company's latest round of equity funding raised $150 million and saw the company valued at $1.9 billion – nearly four times what it was judged to be worth at its previous round of funding a year ago. It's a clear testament to monday.com's success so far, and an exciting sign of what's still to come. With plenty of long-term plans for the platform, and now the cash to channel into making them a reality, the future is looking bright for Monday.com.
What makes monday.com stand out from competitors is its dedication to flexibility – this is a tool that aims to adapt to the needs of any user, business or workflow. Its website presents enthusiastic case studies from everyone from financial leads to creative project managers. And with major companies including Wix, Philips and Carlsberg already amongst its fans, it's certainly doing something right. This latest round of funding is going to be channeled into making the platform's team communication and management tools even better.
monday.com feature focus
Whether you're a studio manager or simply interested in how this tool might help boost efficiency within your immediate team, monday.com is worth exploring. Let's take a look at how the platform works.
The tool centres around flexible and customisable project boards. The owner kicks off a project by building a design board that includes all the specific columns they need. When the project kicks off, the board is populated with design requests, and team members create their personal backlog to work through. Stay on top of progress by dragging-and-dropping different tasks to the appropriate group, assigning requests to different team members, and using the different views to keep track of what's going on.
The ability to add automations is just one of the handy features to make things even more efficient. For example, you might want to automatically notify the colleague who requested a task when you've completed it.
monday.com knows different teams have different needs, so you don't need to worry about shoehorning your process into a specific format. Project boards are highly flexible to suit the needs of the project. Individual team members can customise their own workflow by creating specific groups tailor-made for their process.
If you are struggling with anything within the tool, you can rest assured – there's 24/7 email and phone support, with a 10-minute response time (much better than industry standard).
Ruth spent a couple of years as Deputy Editor of Creative Bloq, and has also either worked on or written for almost all of the site's former and current print titles, from Computer Arts to ImagineFX. She now spends her days reviewing mattresses and hiking boots as the Outdoors and Wellness editor at T3.com, but continues to write about design on a freelance basis in her spare time.
![The platform can be adapted to any business structure or workflow [click the icon in the top right to enlarge the image]](https://cdn.mos.cms.futurecdn.net/rbgYSCUVe9L3FYqebMxKPC-1200-80.jpg.webp)
![Flexible boards ensure everyone can track a project's progress [click the icon in the top right to enlarge the image]](https://cdn.mos.cms.futurecdn.net/MWpP2JRdZRtYn8cQ8bXrRC-1200-80.jpg.webp)
