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ShipMonk Raises $290 Million in Growth Equity Funding to Help Online Merchants Scale Operations, Meet Rapidly Growing Ecommerce Demand

Dec 02, 2020•over 4 years ago

Amount Raised

$290 Million

Boston

Description

ShipMonk, a leading provider of ecommerce fulfillment and technology solutions, today announced a $290 million growth equity round, led by global growth investor Summit Partners. The financing represents a minority stake in the business and will help further accelerate ShipMonk’s rapid growth through continued investment in R&D, hiring, the development of B2B fulfillment capabilities and international expansion. The company also announced the addition of Summit Partners’ Managing Director Christopher Dean and Vice President Chelsea Jurman to its Board of Directors.

Company Information

Company

Shipmonk

Location

Boston, Massachusetts, United States

About

From its inception in 2014, ShipMonk has operated with a singular guiding principle: to help small and medium-sized ecommerce businesses scale by offering technology-driven fulfillment solutions that enable business founders to devote more time to the things that matter most in their businesses. Put simply, ShipMonk helps ecommerce companies stress less and grow more. Headquartered in Fort Lauderdale, FL, ShipMonk has more than 1,000 employees across facilities in Fort Lauderdale, FL, Pittston, PA, Los Angeles, CA, and Prague, Czech Republic. More information is available at www.shipmonk.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech