Monday
Verified“Israeli-built, US-listed, AWS-hosted โ not an EU company.”
- Listing
- NASDAQ: MNDY
- Institutional ownership
- ~76%
- Cloud
- AWS
- Employees
- 2,500+
20 = midpoint of Control 16 & Data 23
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.
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
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
Incorporating entity and jurisdiction
SEC Form 20-F FY2024 filing index (EDGAR CIK 0001845338) ยท as of 2025-03-17
Principal executive office
monday.com 2024 Annual Report on Form 20-F press release (IR) ยท as of 2025-03-17
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
Institutional vs insider ownership split
WallStreetZen โ monday.com (MNDY) ownership ยท as of 2026-06-12
Largest holders are US institutions
WallStreetZen โ monday.com (MNDY) ownership ยท as of 2026-06-12
Voting structure and founder share
SEC Form 20-F FY2023 description of share capital (Exhibit 2.2) ยท as of 2024-04-01
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
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
Cloud provider and hosting
monday.com Support โ Security and privacy FAQs ยท as of 2025-01-01
EU data region location and provider
monday.com Blog โ launching EU data region in Germany ยท as of 2021-01-01
Default region and tier restriction
monday.com Blog โ launching EU data region in Germany ยท as of 2021-01-01
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
Headquarters
monday.com 2024 Annual Report on Form 20-F press release (IR) ยท as of 2025-03-17
Workforce geography
monday.com Careers / company pages ยท as of 2024-12-31
Office footprint
SEC Form 6-K earnings exhibit (EDGAR CIK 0001845338) ยท as of 2025-01-01
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.
Legal & jurisdictional
Incorporated in Israel, SEC-regulated; EU reach is only via GDPR extraterritoriality and SCCs, not jurisdiction.
Data & AI
EU data region exists (Frankfurt) but on AWS, Enterprise-only; US is default and non-Enterprise EU data may transit the US.
Operational
HQ Tel Aviv plus NYC; leadership and R&D outside the EU; only a Warsaw office inside the Union.
Supply chain
Core dependency on a single US hyperscaler (AWS) for all regions including the EU one.
Technological
Proprietary low-code work-OS controlled from Israel/US; no EU-controlled tech stack or open governance.
Security & compliance
GDPR-compliant since 2018, SCCs in place, EU residency option; but compliance posture, not sovereignty.
Environmental sustainability
No verified primary data reviewed on energy or emissions for this profile.
EU alternatives
German-incorporated work and project collaboration tool with end-to-end encryption and data hosted in Germany โ EU jurisdiction and EU infrastructure.
German project/work-management suite (Axonic) with GDPR-native hosting in the EU; a direct work-OS-style alternative under EU law.
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).
Report Incorrect Data
Found an error in this company's profile? Help us improve our data by submitting a correction.
Verified 2026-06-12 ยท Human + AI joint review (sources independently checked) ยท Methodology