Monograph raises $20M in Series B funding to help architecture and design professionals manage their projects
We covered Monograph back in late 2020 when the Silicon Valley-based tech startup unveiled Resource, a solution to help the AEC industry, architects, and engineers better manage their time and resources. The architecture, engineering, and construction (AEC) industry is widely known for having long work hours and creating an overbearing amount of stress on employees.
The stress and long hours eventually lead to AEC professionals leaving the industry after just a few years. And that’s where Monograph comes in. The startup provides a simple back-office SaaS tool to help architects and designers to manage their projects. Since its founding in 2019, Monograph has helped AEC professionals manage over $550 million in projects of all scales.
Today, Monograph announced it has closed $20-million Series B funding to further grow the product and engineering teams. The round was led by Tiger Global Management, with participation from Index Ventures, Homebrew, and Tishman Speyer.
This past year proved to be a banner year as the company secured a $7.4-million Series A round of funding in May and launched its first-ever virtual conference for architects, designers, and engineers—eclipsing expectations in the number of registered attendees. The company also rolled out new features to help firms boost profitability and greater understanding of financial health.
Founded in 2019 by three architectural designers Robert Yuen, Alex Dixon, and Moe Amaya, Monograph aims to revolutionize communication and operations within firms, and some top-notch investment firms have noticed. In the last two years, Monograph has helped firms manage over $400 million in projects of all scales. The cloud-based system is intuitively designed for AEC professionals to oversee projects, timesheets, and forecasts.
“This announcement is a testament to the hard work the Monograph team has accomplished over the 18 months during these unprecedented times,” said Robert Yuen, Co-Founder and CEO of Monograph. “Monograph was created in response to an industry-wide issue in architecture and design. In three short years, we have received tremendous support from our colleagues and friends in the industry. Just this year, our team hosted our first-ever virtual conference—Section Cut, and we were blown away by the number of attendees. Our team is more motivated than ever to improve the financial health of architecture and design firms across the country, following the closure of the Series B funding.”
John Curtius, Partner at Tiger Global Management, was closely involved in the recent Series B funding, added, “We are confident that Monograph’s innovative and industry-leading software solutions, paired with their community building within the architecture and design industry, will drive rapid global adoption and accelerate breakthroughs in practice operations. We’re excited to partner with Robert, Alex, and Moe given their unique perspective of project and cost management for the architecture and design industry.”
Monograph offers firm management software designed to help architects and engineers oversee projects, timesheets, and forecasts in one, integrated, and simple interface. The software is deeply rooted in the founders’ experiences in building tools for architecture firms, where they noticed a recurring challenge—architects and project managers were discontent with their existing and non-existent management software.
“Architects devote an incredible amount of time and effort toward their designs but encounter challenges when running the operations side of their business. They often rely on on-premise, outdated software or Excel spreadsheets,” said Nina Achadjian, Partner, Index Ventures and a member of Monograph’s Board of Directors. “Built for architects by architects, Monograph offers world-class solutions for the architectural community to help them efficiently manage their businesses while productively allocating their time.”