Monday.com unveils $200M Monday Ventures AI fund

Monday.com is stepping into the venture capital arena. The Israeli work-management platform has launched Monday Ventures, a corporate fund designed to invest up to $200 million in startups shaping the future of workplace AI, as first reported by the Israeli business daily Globes.

Capital is already flowing. The fund will deploy an initial $50 million, with any additional investments requiring board approval. Checks will range from $1 million to $5 million across all stages of company growth.

The initiative is led by Aviel Ichai, formerly of NEXT47, and has already closed three deals with a fourth in the pipeline. Monday Ventures led the seed round for Blocks.diy, a workflow-automation startup founded by former Monday.com employees. It also backed Guidde, an AI-powered training-video tool, in its $50 million Series B, and joined the $12 million seed round of NanoCo, the company behind an AI assistant called NanoClaw.

Why now? The timing reveals the strategy. Monday.com’s shares dropped roughly 21 percent in February after its guidance fell short of Wall Street expectations. That sell-off was amplified by a broader anxiety gripping every work-software company: the fear that AI agents could erode the very category Monday.com operates in.

The company, which generated $1.23 billion in revenue last year, has responded by repositioning itself from a work-management tool into what it now calls an AI-agent platform, adopting consumption-based pricing. The venture arm represents the outward-facing half of that transformation.

Taking minority stakes in startups building work-related AI accomplishes multiple goals. It gives Monday early visibility into tools that could eventually disrupt its own business. It also provides a foothold in Israel’s dense AI talent pool and deal flow, while serving as a strategic hedge. If the AI wave fundamentally changes how work software is built, Monday wants to be an owner of that change, not just a target. Spending to gain knowledge is far cheaper than being caught off guard.

Software incumbents turning into VCs is a growing trend. As AI reshapes enterprise software, established players are launching venture arms to stay connected with the companies redefining their markets, rather than waiting to acquire them later at a premium. This is the same instinct driving the surge in agentic AI dealmaking across the industry.

The caveat is that corporate venture capital often serves as much as a signal of intent as a concrete strategy, a way to appear forward-leaning while the core business still figures out its own AI narrative. Monday has not formally detailed the fund beyond the initial reporting, and the real test will not be the announcement but whether these investments ultimately feed back into the product.

For now, the message is unmistakable. The company best known for helping teams manage their work now wants a direct stake in the software that could eventually automate it.