Monday to Lease 15-Floor Space in Tel Aviv for $580,000 Per Month
The Tel Aviv-based team management company is set to lease 19,000 square meters of office space in a planned skyscraper for NIS 2 million (approximately $580,000) per month
Shlomit Tsur | 12:04 20.01.2020
Tel Aviv-based team management startup Monday.com Labs Ltd. has signed a lease for a 15-floor, 19,000-square-meter office space in Tel Aviv for NIS 2 million (approximately $580,000) per month, according to two people familiar with the matter who spoke with Calcalist on condition of anonymity. Monday is set to move into the new space in the first half of 2021. The company will lease the top 15 floors of a 34-floor building currently being built by real estate management company Rubinstein Co., the people said. The lease was signed for a period of ten years, they said. at a company valuation of $1.9 billion. The latest round brought Monday.com’s total funding to date to $234 million.