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 12:0420.01.20
Tel Aviv-based team management startup 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. Photo: Shlomi Yosef Photo: Shlomi Yosef intends to house its research and development center and its entire business operation into the newly leased space. The company’s current team is expected to take up nine floors, and the new lease reflects’s intention to grow its team, the people said. develops and markets a team management platform for organizations and businesses such as academic institutions, manufacturing companies, and the hospitality industry. Customers can use’s platform to manage and track projects, manufacturing lines, and schedules. Approximately 80,000 organizations use the company’s platform, according to company statements, including McDonald’s, streaming company Hulu LLC, website building company Ltd., and Danish brewery the Carlsberg Group.


In July, raised a $150 million series D funding round at a company valuation of $1.9 billion. The latest round brought’s total funding to date to $234 million.