Monograph, a startup providing a cloud-based platform for architectural and design professionals to manage their projects, today announced it has raised $ 20 million as part of its Series B funding round. New investor Tiger Global led the round, with participation from Tishman Speyer and existing investors Index Ventures and Homebrew Ventures.
The round brings the total Monograph funding raised to $ 29.3 million since its inception in 2019. Monograph was last raised in May 2021, bringing in $ 7.4 million for its Series A.
Three design technologists started the company – Robert Yuen, Moe Amaya, and Alex Dixon – all of whom have architectural backgrounds. Its software helps architectural firms manage many different aspects of their operational systems, including timesheets, budgets, human resources, and invoicing. $ 500 million worth of projects have been executed on the platform to date.
The San Francisco-based company has grown to 33 employees after starting 2021 with just eight, CEO and co-founder Robert Yuen told TechCrunch in an email. The new funding will be used to further develop the product and engineering teams.
The pandemic has accelerated the growth of small design firms as demand for new home renovations and construction increases, Yuen wrote. As hiring in the industry accelerates, Monograph is creating a virtual community of professionals in the field by sharing content and job postings, in addition to investing in its core software product.
Yuen pointed out that Monograph’s budgeting solution, which allows project managers to view project-level finances in real time, is particularly unique given the industry’s reliance on spreadsheets. According to Yuen, the typical project manager who doesn’t use Monograph would have to wait an average of a month to figure out if he’s over budget or over budget on a project.
John Curtius, Partner at Tiger Global, has been closely associated with the company’s investment in Monograph.
âMonograph is designed for architects by architects, which is why it excels at providing a solution to minimize the time spent managing a project,â Curtius said in an email to TechCrunch.