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Monday

Verified

“Israeli-built, US-listed, AWS-hosted โ€” not an EU company.”

Operating HQ
๐Ÿ‡ฎ๐Ÿ‡ฑ Tel Aviv, Israel
where it's run
Legal domicile
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel
where it's incorporated
Listing
NASDAQ: MNDY
Institutional ownership
~76%
Cloud
AWS
Employees
2,500+
20/100
Sovereign: Not
Control โ†‘
16
Data โ†’
23

20 = midpoint of Control 16 & Data 23

ConfidenceHigh (85%)

Sovereignty Quadrant

Control โ†‘ who owns & governs the company  ยท  Data โ†’ where your data lives. Every dot is a company โ€” click to open it.

Where your data lives โ†’ Who controls the company โ†’ 7 companies ยท fully non-EU (0/0) TikTok โ€” Data 32, Control 24 Google โ€” Data 16, Control 14 Youtube โ€” Data 14, Control 16 Ionos โ€” Data 90, Control 90 Disneyplus โ€” Data 16, Control 12 Telegram โ€” Data 34, Control 14 Carrefour โ€” Data 100, Control 32 Corriere โ€” Data 100, Control 100 Microsoft โ€” Data 26, Control 14 Amazon โ€” Data 14, Control 10 Amazon โ€” Data 66, Control 0 Reddit โ€” Data 14, Control 10 Netflix โ€” Data 24, Control 20 LinkedIn โ€” Data 14, Control 16 Reuters โ€” Data 26, Control 0 Pinterest โ€” Data 12, Control 12 Discord โ€” Data 16, Control 20 AliExpress โ€” Data 18, Control 12 Twitch โ€” Data 18, Control 16 Samsung โ€” Data 62, Control 4 Canva โ€” Data 24, Control 20 Spotify โ€” Data 30, Control 68 Apple โ€” Data 16, Control 16 GitHub โ€” Data 16, Control 10 Uber โ€” Data 16, Control 16 Salesforce โ€” Data 20, Control 14 Deepl โ€” Data 70, Control 78 Airbnb โ€” Data 18, Control 18 Shopify โ€” Data 18, Control 18 Mastercard โ€” Data 36, Control 16 Dropbox โ€” Data 14, Control 10 HubSpot โ€” Data 24, Control 10 Notion โ€” Data 22, Control 16 Stripe โ€” Data 30, Control 30 Zalando โ€” Data 52, Control 88 Figma โ€” Data 18, Control 10 SAP SE โ€” Data 68, Control 78 Atlassian โ€” Data 18, Control 18 Proton โ€” Data 72, Control 54 Miro โ€” Data 100, Control 44 Klarna โ€” Data 44, Control 42 Ecosia โ€” Data 60, Control 92 Zoom โ€” Data 20, Control 14 Adyen โ€” Data 84, Control 84 GitLab โ€” Data 26, Control 14 Slack โ€” Data 14, Control 20 Hetzner โ€” Data 84, Control 96 Deezer โ€” Data 62, Control 66 Typeform โ€” Data 100, Control 52 OVHcloud โ€” Data 82, Control 94 Tutanota โ€” Data 100, Control 100 BlaBlaCar โ€” Data 54, Control 76 Qwant โ€” Data 56, Control 88 Bitwarden โ€” Data 28, Control 20 Contentful โ€” Data 34, Control 48 Personio โ€” Data 34, Control 58 Ikea โ€” Data 34, Control 100 Whatsapp โ€” Data 14, Control 12 Instagram โ€” Data 28, Control 22 X โ€” Data 14, Control 16 Avast โ€” Data 60, Control 0 Paypal โ€” Data 24, Control 32 Kaspersky โ€” Data 56, Control 0 Dailymotion โ€” Data 100, Control 74 Snapchat โ€” Data 12, Control 14 23 16 Monday
Monday โ€” verified peers โ€” automated estimate (0โ€“50 pillars, normalized)

Every number below traces to 15 sourced facts across 10 independent sources, last verified 2026-06-12. 3 open questions hold confidence at 85% โ€” they lower confidence, never the score.

Control โ†‘

Who legally and economically controls the company

16/100
7 facts ยท 5 sources ยท mixed confidence
Legal & Jurisdiction
12

Incorporated in Israel (a non-EU third country) and run from Tel Aviv. NASDAQ-listed, SEC-reporting. EU law reaches it only via GDPR's extraterritorial scope and standard contractual clauses, not via incorporation or an EU operating entity. There is an EU subsidiary footprint (London office is non-EU post-Brexit; Warsaw office is in the EU) but the controlling legal entity sits outside the Union.

Why 12? 3 sourced facts · click to expand
monday.com Ltd., incorporated in Israel

Incorporating entity and jurisdiction

SEC Form 20-F FY2024 filing index (EDGAR CIK 0001845338) ยท as of 2025-03-17

6 Yitzhak Sadeh St, Tel Aviv, Israel

Principal executive office

monday.com 2024 Annual Report on Form 20-F press release (IR) ยท as of 2025-03-17

Files with US SEC as foreign private issuer; lists on NASDAQ (MNDY)

Securities regulator and listing regime

businesswire โ€” monday.com Files its 2024 Annual Report on Form 20-F ยท as of 2025-03-17

Control & Ownership
20

Listed on NASDAQ with ~76% institutional ownership dominated by US funds (Capital World, Renaissance, BlackRock, Two Sigma, D.E. Shaw, JPMorgan). Insiders (the two Israeli co-founders) hold ~13-15% combined economic stake. Ordinary shares are one-share-one-vote; Roy Mann holds a single non-economic founder share with limited rights. Voting and economic majority both sit with US-listed, largely US institutional capital โ€” not the EU.

Why 20? 4 sourced facts · click to expand
~76% institutional, ~15% insider, ~9% retail

Institutional vs insider ownership split

WallStreetZen โ€” monday.com (MNDY) ownership ยท as of 2026-06-12

Capital World ~7.1%, Renaissance ~4.5%, BlackRock ~4.4%, Two Sigma ~4.2%

Largest holders are US institutions

WallStreetZen โ€” monday.com (MNDY) ownership ยท as of 2026-06-12

Ordinary shares one-share-one-vote; Roy Mann holds one non-economic founder share

Voting structure and founder share

SEC Form 20-F FY2023 description of share capital (Exhibit 2.2) ยท as of 2024-04-01

Roy Mann ~10%, Eran Zinman ~3.4% individual stakes

Co-founders / insiders are Israel-based

WallStreetZen โ€” monday.com (MNDY) ownership ยท as of 2026-06-12

Data โ†’

Where your data lives and who can reach it

23/100
8 facts ยท 7 sources ยท mixed confidence
Data & Infrastructure
18

The platform runs entirely on Amazon Web Services, a US hyperscaler subject to the US CLOUD Act. The default data region for all new accounts is the United States. An EU data region exists โ€” Frankfurt, Germany โ€” but it runs on AWS (US provider) and is available only to Enterprise customers. Standard/Pro EU-region customers may still have data processed in the US under Standard Contractual Clauses. So even the 'EU' option is EU-region-on-US-cloud, not EU-owned infrastructure.

Why 18? 4 sourced facts · click to expand
Hosted on AWS (US, EU, AUS regions)

Cloud provider and hosting

monday.com Support โ€” Security and privacy FAQs ยท as of 2025-01-01

Frankfurt, Germany, operated by AWS

EU data region location and provider

monday.com Blog โ€” launching EU data region in Germany ยท as of 2021-01-01

Default is US; EU region is Enterprise-only

Default region and tier restriction

monday.com Blog โ€” launching EU data region in Germany ยท as of 2021-01-01

Standard/Pro EU data may be processed in US under SCCs

Cross-border processing for non-Enterprise EU data

monday.com Support โ€” monday.com and GDPR ยท as of 2025-01-01

Operations & People
30

Headquartered in Tel Aviv with a North America HQ in New York; R&D and engineering concentrated in Israel (~1,100 of 2,500+ staff). Offices span Tel Aviv, New York, Denver, London, Warsaw, Sydney, Melbourne, Sรฃo Paulo and Tokyo. Reporting currency is USD. The EU presence is limited to a Warsaw office (and pre-Brexit-era London, now non-EU); leadership, control and the majority of value-creating R&D sit in Israel and the US, not the EU.

Why 30? 4 sourced facts · click to expand
Tel Aviv, Israel; North America HQ in New York

Headquarters

monday.com 2024 Annual Report on Form 20-F press release (IR) ยท as of 2025-03-17

2,500+ employees; ~1,100 based in Israel

Workforce geography

monday.com Careers / company pages ยท as of 2024-12-31

Tel Aviv, NYC, Denver, London, Warsaw, Sydney, Melbourne, Sรฃo Paulo, Tokyo

Office footprint

SEC Form 6-K earnings exhibit (EDGAR CIK 0001845338) ยท as of 2025-01-01

US dollars (USD)

Reporting currency

businesswire โ€” monday.com Files its 2024 Annual Report on Form 20-F ยท as of 2025-03-17

Aligned to the EU Commission’s official Cloud Sovereignty Framework (SEAL, Jun 2026) โ†’

What we don’t know 3 open questions โ€” they lower confidence, never the score
  • ?

    Exact combined voting power of the two Israeli co-founders versus US institutions, and the precise terms of the non-economic founder share.

    Could nudge the ownership score a few points, but cannot move economic majority away from US-listed institutional capital.

  • ?

    What share of total customer data actually resides in the EU (Frankfurt) region versus the US default region.

    If EU adoption is high it slightly improves real-world data residency, but the infrastructure remains US-provider (AWS) and the default stays US.

  • ?

    Whether monday.com operates any EU-incorporated operating subsidiary (beyond a Warsaw office) that handles EU contracting.

    Would marginally raise the legal/operations scores via local EU enforceability, not change the non-EU control conclusion.

EU Cloud Sovereignty Framework lens

SEAL-style mapping shown for comparability only; the SEAL framework targets cloud providers, so this is an analogous reading of a SaaS work-OS, not a certification.

Strategic

Strategic control sits with an Israeli-founded, US-listed company; no EU stake or strategic anchoring in the Union.

weak

Legal & jurisdictional

Incorporated in Israel, SEC-regulated; EU reach is only via GDPR extraterritoriality and SCCs, not jurisdiction.

weak

Data & AI

EU data region exists (Frankfurt) but on AWS, Enterprise-only; US is default and non-Enterprise EU data may transit the US.

moderate

Operational

HQ Tel Aviv plus NYC; leadership and R&D outside the EU; only a Warsaw office inside the Union.

weak

Supply chain

Core dependency on a single US hyperscaler (AWS) for all regions including the EU one.

weak

Technological

Proprietary low-code work-OS controlled from Israel/US; no EU-controlled tech stack or open governance.

weak

Security & compliance

GDPR-compliant since 2018, SCCs in place, EU residency option; but compliance posture, not sovereignty.

moderate

Environmental sustainability

No verified primary data reviewed on energy or emissions for this profile.

not assessed
EU alternatives
๐Ÿ‡ฉ๐Ÿ‡ช Stackfield stackfield.com EU-controlled

German-incorporated work and project collaboration tool with end-to-end encryption and data hosted in Germany โ€” EU jurisdiction and EU infrastructure.

๐Ÿ‡ฉ๐Ÿ‡ช Zenkit zenkit.com EU-controlled

German project/work-management suite (Axonic) with GDPR-native hosting in the EU; a direct work-OS-style alternative under EU law.

๐Ÿ‡บ๐Ÿ‡ธ Asana asana.com not an EU alternative

Common feature peer but US-incorporated and US-listed โ€” listed only to show it is not an EU alternative.

How the method works

Methodology v2 (provisional): the score is the midpoint of two axes โ€” Control (who owns and governs the company) and Data (where your data lives and who can reach it). Each axis is scored only on verified evidence; unknowns reduce confidence, never the score. Every input below is sourced; the weights and judgments are open to challenge.

Spotted an error? Every claim is sourced โ€” challenge it and we correct the record.
  • 2026-06-12 โ€” Initial golden profile, authored from primary sources (human + AI review).

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Verified 2026-06-12 ยท Human + AI joint review (sources independently checked) ยท Methodology