Monograph raises $20M Series B to help designers and architects manage their operations

DMCA / Correction Notice
- Advertisement -


Monograph, a startup that provides a cloud-based platform for architecture and design professionals to manage their projects, today announced that it has raised $20 million in its Series B funding round. New investor Tiger Global led the round with participation from Tishman Spear and existing investors Index Ventures and Homebrew Ventures.

- Advertisement -

The round has raised Monograph’s total funding to $29.3 million since its inception in 2019. The monograph was last picked up in May 2021, bringing in $7.4 million for its Series A.

Three design technologists started the company – Robert Yuen, Mo Amaya and Alex Dixon – all of whom have backgrounds in architecture. Its software helps architectural practices manage many different aspects of their operational systems, including timesheets, budgets, human resources and invoicing. Projects worth $500 million have been executed on the platform so far.

advertisement

CEO and co-founder Robert Yuen told Nerdshala in an email that the San Francisco-based company has grown to 33 employees since early 2021. The new funding will be used to further develop the product and engineering teams.

The pandemic has spurred growth among small design firms as demand for new residential renovations and construction soars, the UN wrote. With the pace of hiring in the industry accelerating, Monograph is building a virtual community of professionals in the field through content sharing and job openings on top of investing in its core software product.

- Advertisement -

UN highlighted Monograph’s budgeting solution, which allows project managers to view project-level finances in real time, especially given the industry’s reliance on spreadsheets. According to the UN, typical project managers who do not use monographs will have to wait an average of a month to understand whether they were under or over budget on a project.

John Curtius, partner at Tiger Global, was closely involved in the firm’s investments in the monograph.

“Monograph is built by architects for architects, which is why it excels at providing a solution to reduce the time it takes to manage a project,” Curtius said in an email to Nerdshala.

- Advertisement -

Stay on top - Get the daily news in your inbox

Recent Articles

Related Stories