Fort Lauderdale, Florida, United States
ShipMonk is a technology-enabled third-party logistics and fulfillment company founded in 2014 and headquartered in South Florida. The company combines proprietary warehouse management software with physical fulfillment operations, serving ecommerce brands that range from startups shipping 10 orders per month to enterprise clients processing 300,000 orders per month. Jan Bednar, who founded the company at a young age, grew ShipMonk from $1 million in revenue in 2015 to a projected $80 million in 2019, a trajectory built largely on inbound organic search traffic and early trade-show hustle rather than a large sales force. The company reached that scale with roughly 450 employees and only 7 quota-carrying sales representatives. In 2018, ShipMonk raised a $10 million round from SCA Ventures, a $200 million fund with logistics and software expertise. The company has remained profitable throughout its history, reporting an EBITDA margin of approximately 10% in 2019, and has never recorded a losing month since inception.
- Revenue
- $225M
- Customers
- 1K
- Year founded
- 2014
- Funding
- $365M
- Team size
- 1K
- Growth
- -