Monday.com, a software company, has announced plans to expand its office space in Tel Aviv.

The company will lease 10 floors, totaling 11,000 square meters, in the new Azouri EcoTower, with expected occupancy in late 2025. Monday.com already occupies 17 floors in the TOU Towers.

This expansion increases its office space by 50% and supports plans to add 400 positions in Israel.

The move aligns with Monday.com’s global growth strategy.

The company is also relocating its London office by mid-2025, expanding in Denver, and developing new offices in São Paulo, France, and Germany.

Founded in 2014, Monday.com is publicly traded on Wall Street, with a market valuation of US$12 billion.

The company reported an annual recurring revenue of US$1 billion and a net profit of US$22 million for the first half of 2024.