About Shopmonkey
Shopmonkey is a company based in San Francisco (United States) founded in 2016 by Travis Brown and Ashot Iskandarian.. Shopmonkey has raised $110 million across 3 funding rounds from investors including Bessemer Venture Partners, Index Ventures and I2BF Global Ventures. Shopmonkey offers products and services including Shop Management Software, Integrated Messaging, and Digital Inspections. Shopmonkey operates in a competitive market with competitors including Mitchell International, Fullbay, AutoLeap, Decisiv and GaragePlug, among others.
- Headquarter San Francisco, United States
- Founders Travis Brown, Ashot Iskandarian
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Shopmonkey 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
$110 M (USD)
in 3 rounds
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Latest Funding Round
$75 M (USD), Series C
Jul 15, 2021
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Investors
Bessemer Venture Partners
& 4 more
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Employee Count
Employee Count
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Products & Services of Shopmonkey
Shopmonkey offers a comprehensive portfolio of products and services, including Shop Management Software, Integrated Messaging, and Digital Inspections. 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.
Platform for handling auto repair jobs and inventory efficiently.
System for customer updates and estimates in repair shops.
App for capturing and sharing vehicle photos for repairs.
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Funding Insights of Shopmonkey
Shopmonkey has successfully raised a total of $110M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $75 million completed in July 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 C — $75.0M
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First Round
First Round
(30 Aug 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - Shopmonkey | Valuation | Index Ventures , Bessemer Venture Partners | |
| Aug, 2020 | Amount | Series B - Shopmonkey | Valuation | Bessemer Venture Partners | |
| Aug, 2019 | Amount | Series A - Shopmonkey | Valuation | Index Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Shopmonkey
Shopmonkey has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Index Ventures and I2BF Global 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 investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Early-stage technology companies are funded by this venture capital firm.
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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 Shopmonkey
| 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 |
Financial Statements - Shopmonkey
| 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 |
Shopmonkey Comparisons
Competitors of Shopmonkey
Shopmonkey 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 Mitchell International, Fullbay, AutoLeap, Decisiv and GaragePlug, 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 |
SaaS-driven collision repair and auto workshop management solutions
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| domain | founded_year | HQ Location |
Shop management software is offered for heavy duty workshops.
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| domain | founded_year | HQ Location |
SaaS-based management software is delivered for auto workshops.
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| domain | founded_year | HQ Location |
Provider cloud-based SRM solution to manage internal/external service and repair events
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| domain | founded_year | HQ Location |
SaaS-based garage management system is offered for auto workshops.
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| domain | founded_year | HQ Location |
SaaS-driven repair estimation & invoicing solution for auto workshops
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Shopmonkey
Frequently Asked Questions about Shopmonkey
When was Shopmonkey founded?
Shopmonkey was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Shopmonkey located?
Shopmonkey is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Shopmonkey?
Ashot Iskandarian is the current CEO of Shopmonkey. They have also founded this company.
Is Shopmonkey a funded company?
Shopmonkey is a funded company, having raised a total of $110M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Aug 30, 2019.
What does Shopmonkey do?
Shopmonkey was established in 2016 in San Francisco, United States, within the SaaS sector for automotive repair. Workshop operations are supported through tools for inventory tracking, labor estimation, email and SMS communication setup, revenue and cost evaluation, customer acquisition via digital campaigns, payment handling, and bulk messaging. The platform is utilized by repair shops to organize daily tasks and financial oversight.
Who are the top competitors of Shopmonkey?
Shopmonkey's top competitors include Mitchell International, AutoLeap and Decisiv.
What products or services does Shopmonkey offer?
Shopmonkey offers Shop Management Software, Integrated Messaging, and Digital Inspections.
Who are Shopmonkey's investors?
Shopmonkey has 5 investors. Key investors include Bessemer Venture Partners, Index Ventures, I2BF Global Ventures, Headline, and Iconiq Capital.
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