Shopmonkey
2024 Revenue
$29.7M
Customers
7K
Funding
$110M
YOY
51.9%
Avg ACV
$4.2K
Team
192
Founded
2016
How Shopmonkey CEO Ashot Iskandarian grew Shopmonkey to $29.7M revenue and 7K customers in 2024.
Shopmonkey is a US-based cloud-based shop management software platform for the automotive repair industry. The platform provides a range of tools and features to help auto repair shops manage their operations more efficiently, including appointment scheduling, work order management, inventory management, customer management, and invoicing. Shopmonkey's solution is designed to streamline workflow and improve productivity for auto repair shop owners and technicians. The platform also integrates with third-party systems such as QuickBooks and Carfax. The company's mission is to provide an easy-to-use, all-in-one solution for auto repair shops to manage their businesses and grow their bottom line. Shopmonkey is headquartered in San Jose, California.
Last updated
Shopmonkey Revenue
In 2024, Shopmonkey's revenue reached $29.7M. The company previously reported $19.5M in 2023. Since its launch in 2016, Shopmonkey has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Shopmonkey Hit $29.7m revenue in October 2024 |
| 2023 | Shopmonkey Hit $19.5m revenue in December 2023 |
| 2020 | Shopmonkey Hit $7.2m revenue in August 2020 |
| 2016 | Launched with $0 revenue |
Shopmonkey Valuation, Funding Rounds
Shopmonkey has not publicly disclosed its valuation. The company has raised $110M in total funding to date.
Shopmonkey has raised $110M in total funding across 3 rounds, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2021 | Funding round | $75M | - | - |
| 2020 | Funding round | $25M | - | - |
| 2019 | Funding round | $10M | - | - |
Shopmonkey Employees & Team Size
Shopmonkey employs approximately 192 people as of 2026, up from 167 in 2023.
Shopmonkey has 192 total employees in different roles and functions and 34 sales reps that carry a quota. They have 7K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 192 employees (December 2024) |
| 2024 | Reached 167 employees (October 2024) |
| 2023 | Reached 167 employees (December 2023) |
| 2023 | Reached 167 employees (September 2023) |
| 2023 | Reached 166 employees (July 2023) |
| 2023 | Reached 161 employees (January 2023) |
| 2022 | Reached 188 employees (December 2022) |
| 2022 | Reached 177 employees (January 2022) |
| 2021 | Reached 199 employees (December 2021) |
| 2021 | Reached 137 employees (August 2021) |
| 2021 | Reached 113 employees (July 2021) |
| 2020 | Reached 80 employees (August 2020) |
Founder / CEO
Ashot Iskandarian
Ashot is the CEO and founder of Shopmonkey.io which provides software for auto and motorcycle repair shops to run their business. Ashot was born and raised in Yerevan, Armenia, and immigrated to the US in the early 90s. Ashot and his wife, Annie, live in the Bay Area and have 3 children with a fourth on the way. They run a ministry called Maintenance for Moms where they help underprivileged moms by servicing their vehicles.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Shopmonkey acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Shopmonkey
What is Shopmonkey's revenue?
Shopmonkey generates $29.7M in revenue.
Who is the CEO of Shopmonkey?
The CEO of Shopmonkey is Ashot Iskandarian.
How much funding does Shopmonkey have?
Shopmonkey raised $110M.
How many employees does Shopmonkey have?
Shopmonkey has 192 employees.
Where is Shopmonkey headquarters?
Shopmonkey is headquartered in Morgan Hill, California, United States.
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Compare Shopmonkey to the industry
Shopmonkey operates across multiple industries. Browse revenue, funding, and growth data for Shopmonkey in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .