Team and project management platform has raised $150 million in a series D round of funding led by Sapphire Ventures, with participation from Hamilton Lane, HarbourVest Partners, Ion Asset Management, and Vintage Investment Partners.

The Tel Aviv-based company is now valued at $1.9 billion, sources familiar with the matter told VentureBeat, meaning that’s roughly four times more than its last year.

Founded in 2012 , Monday.com is a team communication, planning, and management tool that supports creating and assigning tasks to team members; allocating workloads; collecting comments and feedback; sharing files; and more. There’s also a visualization feature that gives an overview of everything everyone is currently working on.

Above: Monday.: Visual timeline

Earlier this year, Monday.com two interesting new features — integrations and

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