Monograph Raises $20M Series B to Streamline Design & Architecture

Monograph Secures $20 Million in Series B Funding

Monograph, a company offering a cloud-based platform tailored for architecture and design professionals, has announced the successful completion of a $20 million Series B funding round. This latest investment was spearheaded by Tiger Global, with additional participation from Tishman Speyer, alongside existing investors Index Ventures and Homebrew Ventures.

Funding Details and Company History

This funding round increases Monograph’s total funding to $29.3 million since its inception in 2019. The company previously secured $7.4 million in its Series A round in May 2021.

Founding and Core Functionality

Monograph was founded by three design technologists – Robert Yuen, Moe Amaya, and Alex Dixon – each possessing a strong background in architecture. The platform streamlines operational systems for architectural practices.

It manages critical areas such as timesheets, budgeting, human resources, and invoicing. To date, projects totaling $500 million in value have been managed utilizing the platform.

Growth and Future Plans

The San Francisco-based company has experienced significant growth, expanding its team from eight employees at the beginning of 2021 to 33 currently, as stated by CEO and co-founder Robert Yuen. The newly acquired funds will be allocated towards expanding both the product and engineering teams.

Increased demand for residential renovations and new construction, accelerated by the pandemic, has fueled growth among smaller design firms. Monograph is also focused on building a professional community within the field.

Unique Features and Benefits

Monograph’s budgeting solution is a key differentiator, providing project managers with real-time visibility into project finances. This contrasts with the industry’s traditional reliance on spreadsheets.

According to Yuen, project managers without Monograph typically experience a one-month delay in determining whether a project is within budget.

Investor Perspective

John Curtius, a partner at Tiger Global, played a significant role in the firm’s investment in Monograph.

“Monograph is built for architects by architects, which is why it excels at providing a solution to minimize the time spent managing a project,” Curtius explained.