ChannelApe
2024 Revenue
$2.9M(Est.)
Funding
$2.4M
Team
17
Founded
2016
ChannelApe Revenue & Funding (2024)
ChannelApe generated an estimated $2.9M in annual revenue in 2024. Source: GetLatka estimate
ChannelApe's enterprise fulfillment SaaS scales direct-to-consumer brands by separating supply chain software from physical operations.
Last updated
ChannelApe Revenue
In 2024, ChannelApe's revenue reached $2.9M. The company previously reported $2.1M in 2023. Since its launch in 2016, ChannelApe has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | ChannelApe Hit $2.9m revenue in October 2024 | Estimated |
| 2023 | ChannelApe Hit $2.1m revenue in December 2023 | Estimated |
| 2019 | ChannelApe Hit $1m revenue in July 2019 | Not recorded |
| 2016 | Launched with $0 revenue |
ChannelApe Valuation, Funding Rounds
ChannelApe has not publicly disclosed its valuation. The company has raised $2.4M in total funding to date.
ChannelApe has raised $2.4M in total funding across 1 round, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $2.4M | - | - | Not recorded |
Founder / CEO
Michael Averto
CEO
ChannelApe, an enterprise fulfillment and inventory platform for direct-to-consumer brands, was founded by Michael Averto, who led the New York-based company as CEO through its acquisition by Shopify in 2024. A Bloomsburg University graduate, Averto earlier started Otreva, a web and application development firm in the Scranton, Pennsylvania area. He now builds software products independently and writes about working with AI agents.
ChannelApe Employees & Team Size
ChannelApe employs approximately 17 people as of 2026, down from 18 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 17 employees (October 2024) | Not recorded |
| 2023 | Reached 18 employees (December 2023) | Not recorded |
| 2022 | Reached 30 employees (December 2022) | Not recorded |
| 2021 | Reached 29 employees (December 2021) | Not recorded |
| 2019 | Reached 21 employees (July 2019) | Not recorded |
Frequently Asked Questions about ChannelApe
What is ChannelApe's revenue?
As of 2024, ChannelApe generated an estimated $2.9M in annual revenue.
Who founded ChannelApe?
ChannelApe was founded by Michael Averto.
When was ChannelApe founded?
ChannelApe was founded in 2016.
Who is the CEO of ChannelApe?
The CEO of ChannelApe is Michael Averto.
How much funding does ChannelApe have?
ChannelApe raised $2.4M across 1 round.
How many employees does ChannelApe have?
As of 2024, ChannelApe had 17 employees.
Where is ChannelApe headquartered?
ChannelApe is headquartered in New York, New York, United States.
Compare ChannelApe to the industry
ChannelApe operates across multiple industries. Browse revenue, funding, and growth data for ChannelApe in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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