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- ShipMonk
ShipMonk Revenue, Valuation, Funding & Investors
ShipMonk is valued at $695M as of January 2021, a 5.0x multiple on its last reported $140M revenue.
Last ShipMonk valuation
$695M
Undisclosed stage · Jan 2021
Last ShipMonk funding round
$65M
Undisclosed stage · Jan 2021
ShipMonk revenue
$140M
Undisclosed stage · Jan 2021
Key investors in ShipMonk
Summit Partners
Grotech Ventures
SJF Ventures
Supply Chain Ventures
Periphas Capital
About ShipMonk
ShipMonk is a Fort Lauderdale-headquartered e-commerce fulfillment network with warehouses in Florida, California, New Jersey, Texas, and Europe. The company integrates with Shopify, Amazon, and Walmart for automated picking, packing, kitting, and returns processing, serving 5,000+ DTC brands with 2-day US delivery guarantees.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Revenue
$140M (Jan 2021)
Valuation
$695M (Jan 2021)
ShipMonk Valuation
ShipMonk is currently valued at $695M, based on its undisclosed-stage round in January 2021.
The $65M round was led by Periphas Capital.
ShipMonk valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2021 | Undisclosed stage | $695M | 5.0x |
ShipMonk Revenue
ShipMonk's latest recorded revenue is $140M, as of its undisclosed-stage round in January 2021. At a $695M valuation, that implies a 5.0x revenue multiple.
ShipMonk revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2021 | $140M | $695M | 5.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
ShipMonk Funding History
ShipMonk has raised a total of $365M across 3 funding rounds.
ShipMonk's first fundraising round was a $10M Series A in October 2018. The most recent completed round was a $65M undisclosed-stage round in January 2021.
ShipMonk funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Undisclosed stage | Periphas Capital (lead) | $65M | $695M | ShipMonk is a Fort Lauderdale-based e-commerce fulfillment and inventory management platform provider specializing in direct-to-consumer and emerging business-to-business logistics solutions for small and mid-sized merchants. It offers end-to-end services including multi-channel order fulfillment, automation technology, inventory management software, carrier partnerships, and returns management integrations with platforms like Returnly and Optoro. The company supports scalability for peak seasons and serves clients such as BrüMate, Liquid IV, Cuts Clothing, FEAT, and CatLadyBox. On January 27, 2021, ShipMonk raised $65 million in growth equity funding from Periphas Capital, its Series C round, following a $290 million round from Summit Partners in December 2020, bringing total funding to over $365 million including prior investments from SJF Ventures, Grotech Ventures, and Supply Chain Ventures. Periphas Capital Managing Partner Sanjeev Mehra joined the board. The funding supports accelerated growth, international expansion with new facilities, expanded carrier partnerships, technology enhancements, R&D, and hiring to increase headcount by 50% to 1,500 by end-2021. In 2020, ShipMonk generated over $140 million in revenue, doubling from 2019, fueled by 100% customer base growth and over 115% year-over-year order volume increase at November peak amid e-commerce boom. The company employed over 1,000 people, primarily in South Florida, and has maintained profitability. Founder and CEO Jan Bednar aimed to open additional U.S. and first international distribution facilities, while exploring acquisitions. ShipMonk benefits from e-commerce explosion, direct-to-consumer brand preferences, and SMBs outsourcing tech-enabled logistics. |
| Dec 2020 | Undisclosed stage | Summit Partners (lead) | $290M | - | ShipMonk is a leading provider of direct-to-consumer fulfillment and technology solutions for e-commerce brands, founded in 2014 by Jan Bednar. The company offers API integrations with platforms like Shopify to automate order imports, fulfillment, inventory management, and supply chain services, helping small and mid-sized businesses scale operations efficiently and save up to 50% on costs. It operates warehouses and focuses on B2B fulfillment capabilities, international expansion, R&D, and hiring. On December 2, 2020, ShipMonk raised a $290 million growth equity round led by Summit Partners as the sole investor listed, representing a minority stake. Summit Partners Managing Director Christopher Dean and Vice President Chelsea Jurman joined the board. The funding supports accelerated growth amid surging e-commerce demand during the COVID-19 pandemic, with customers experiencing 115% year-over-year order growth in November 2020. In 2020, ShipMonk generated more than $140 million in revenues, more than doubling from 2019 with over 100% growth, driven by a 100% increase in customer base to over 1,000 merchants and soaring order volumes. This bootstrapped company had previously raised smaller rounds from SJF Ventures, Grotech Ventures, and Supply Chain Ventures before this major infusion. The round positioned ShipMonk to capitalize on e-commerce trends, with holiday spending projected at over $200 billion and a 20% demand increase. A follow-on $65 million growth equity from Periphas Capital in January 2021 brought total funding to over $365 million, further expanding locations and carrier partnerships. |
| Oct 2018 | Series A | SJF Ventures (lead); Grotech Ventures; Supply Chain Ventures | $10M | - | ShipMonk is a Fort Lauderdale-based provider of e-commerce fulfillment, inventory management software, automation technology, and multi-channel order fulfillment services for small and mid-sized merchants. The company was bootstrapped and profitable since its founding in 2014 until this funding. In 2018, ShipMonk had $28 million in revenue, having grown rapidly to rank #29 on the Inc 5000 list, with CEO Jan Bednar named to the Forbes 30 Under 30 list. It employed over 200 people across facilities in Florida and California, serving hundreds of customers nationwide. On November 5, 2018, ShipMonk closed a $10 million Series A round led by SJF Ventures, with participation from Grotech Ventures and Supply Chain Ventures. The funding supported doubling down on innovative software development, feature-rich automations, and streamlined customer experience to simplify supply chain operations for e-commerce companies. Investors highlighted ShipMonk's emergence as an industry leader for SMBs through its integrated technology-forward solution and warehouse automation, achieved while self-financed. |
Who has invested in ShipMonk?
5 investors have backed ShipMonk across its funding rounds, including Summit Partners, Grotech Ventures, SJF Ventures, Supply Chain Ventures and Periphas Capital.
Lead investors include Periphas Capital, Summit Partners and SJF Ventures.
ShipMonk Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Lead | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 5 ShipMonk investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialShipMonk Competitors
ShipMonk competitors include listed companies like New Trend International Logis-Tech and TomTom, and private ones like Gatik, Glydways, Mudflap and Virgin Hyperloop.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $352M | $42M | $661M | - | ||
| Publicly listed | $639M | $18M | $560M | 0.5x |
ShipMonk Public Comps
ShipMonk is still privately-owned, but its public comps include Duolun Technology, New Trend International Logis-Tech, Guotai Epoint Sofware, TomTom, e-Hualu, INIT SE, IVU Traffic Technologies, JSTI, Jiangsu Tongxingbao and Beijing eGova.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $60M | $2M | 9.2x | - | 277.1x | - | |||
| $352M | $42M | 1.4x | - | 11.9x | - | |||
| $274M | $14M | 1.3x | 1.4x | 26.2x | 25.3x | |||
| $639M | $18M | 0.5x | 0.5x | 18.5x | 6.6x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $380M | $60M | 1.5x | 1.3x | 9.3x | 8.7x | |||
| $174M | $27M | 2.4x | 2.3x | 15.8x | 13.6x | |||
| $622M | $30M | 1.6x | 1.7x | 32.7x | 13.8x | |||
This data is available for Pro users. Sign up to see all ShipMonk competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ShipMonk
| When was ShipMonk founded? | ShipMonk was founded in 2014. |
| Where is ShipMonk headquartered? | ShipMonk is headquartered in Fort Lauderdale, FL, United States. |
| Is ShipMonk publicly listed? | No, ShipMonk is a private, VC-backed company. |
| What is ShipMonk's valuation? | ShipMonk was last valued at $695M in its undisclosed-stage round in January 2021. |
| How much funding has ShipMonk raised? | ShipMonk has raised $365M across 3 funding rounds. |
| What was ShipMonk's last funding round? | ShipMonk's last funding round was a $65M undisclosed-stage round in January 2021, led by Periphas Capital. |
| Who are ShipMonk's investors? | ShipMonk's investors include SJF Ventures, Grotech Ventures, Periphas Capital, Summit Partners and Supply Chain Ventures. |
| What is ShipMonk's revenue? | ShipMonk's latest recorded revenue is $140M (January 2021). |
| What is ShipMonk's revenue multiple? | ShipMonk's latest valuation implies a 5.0x revenue multiple ($695M valuation on $140M of revenue). |
| Which companies are comparable to ShipMonk? | Companies comparable to ShipMonk include Gatik, Glydways, Mudflap, Virgin Hyperloop, New Trend International Logis-Tech and TomTom. |
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