About ShipMonk
ShipMonk is a company based in Pompano Beach (United States) founded in 2015 by Jan Bednar.. ShipMonk has raised $365 million across 3 funding rounds from investors including Periphas Capital, Summit Partners and SJF Ventures. ShipMonk has completed 2 acquisitions, including 321 Fulfillment and Ruby Has Fulfillment. ShipMonk offers products and services including Fulfillment Solutions, Shipping and Transportation, and Warehouse Management. ShipMonk operates in a competitive market with competitors including Stord, Flexe, EasyPost, GigaCloud Technology and Skupos, among others.
- Headquarter Pompano Beach, United States
- Founders Jan Bednar
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
*********
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Website
*********
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Social
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- Legal Name Shipmonk, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$365 M (USD)
in 3 rounds
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Latest Funding Round
$65 M (USD), Series B
Jan 27, 2021
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Investors
Periphas Capital
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
321 Fulfillment
& 1 more
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Products & Services of ShipMonk
ShipMonk offers a comprehensive portfolio of products and services, including Fulfillment Solutions, Shipping and Transportation, and Warehouse Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages order processing and inventory for e-commerce.
Optimizes rates and ensures fast global shipping.
Handles storage and distribution across multiple locations.
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Funding Insights of ShipMonk
ShipMonk has successfully raised a total of $365M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $65 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $65.0M
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First Round
First Round
(01 Nov 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - ShipMonk | Valuation | Periphas Capital |
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| Dec, 2020 | Amount | Series B - ShipMonk | Valuation | Summit Partners |
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| Nov, 2018 | Amount | Series A - ShipMonk | Valuation | SJF Ventures , Grotech Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ShipMonk
ShipMonk has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Periphas Capital, Summit Partners and SJF Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Impact venture capital is invested in early-stage US companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ShipMonk
ShipMonk has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include 321 Fulfillment and Ruby Has Fulfillment. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based shipping and logistics software is provided for e-commerce operations.
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2019 | ||||
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E-commerce orders are fulfilled, shipped, and logistically managed.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ShipMonk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shipmonk Comparisons
Competitors of ShipMonk
ShipMonk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stord, Flexe, EasyPost, GigaCloud Technology and Skupos, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based end-to-end logistics and supply chain solutions are provided.
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| domain | founded_year | HQ Location |
E-commerce delivery, fulfillment, and logistics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Shipping and e-commerce solutions are delivered through SaaS for businesses.
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| domain | founded_year | HQ Location |
Logistics management solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
SaaS ERP software is offered for multi-industry operations management.
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| domain | founded_year | HQ Location |
Connects online merchants with their customers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shipmonk
Frequently Asked Questions about ShipMonk
When was ShipMonk founded?
ShipMonk was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is ShipMonk located?
ShipMonk is headquartered in Pompano Beach, United States. It is registered at Pompano Beach, Florida, United States.
Who is the current CEO of ShipMonk?
Jan Bednar is the current CEO of ShipMonk. They have also founded this company.
Is ShipMonk a funded company?
ShipMonk is a funded company, having raised a total of $365M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Nov 01, 2018.
What does ShipMonk do?
ShipMonk was founded in 2015 in Pompano Beach, United States, within the ecommerce fulfillment sector. Order fulfillment and distribution services are offered, including integration with various shopping carts and marketplaces. Outsourced operations such as warehousing, picking, kitting, labeling, and shipping are managed for clients like multi-channel retailers, flash sales entities, and crowdfunded campaigns. Proprietary software for order fulfillment and inventory management has been developed to support these activities.
Who are the top competitors of ShipMonk?
What products or services does ShipMonk offer?
ShipMonk offers Fulfillment Solutions, Shipping and Transportation, and Warehouse Management.
How many acquisitions has ShipMonk made?
ShipMonk has made 2 acquisitions, including 321 Fulfillment, and Ruby Has Fulfillment.
Who are ShipMonk's investors?
ShipMonk has 5 investors. Key investors include Periphas Capital, Summit Partners, SJF Ventures, Grotech Ventures, and Supply Chain Ventures.
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