ShipMonk, which is a Florida based provider of inventory management, shipping and order solutions has now secured $10 Million in the funding round of series A.
This round of funding was led by the Grotech Ventures, SJF Ventures, Supply Chain Ventures and a strategic some of the individual angel investors.
The company will be going to use the funds for the expansion of its services into different markets and also to set up a new location in New York by the end of 2019.
The startup which founded and led by the Jan Bednar, CEO, ShipMonk helps in providing the multi-channel fulfillment services and inventory management software to some of the small and mid-sized e-commerce firms. The company API integrations sync up directly with the customer's marketplace platforms and online shopping carts to the automatically imports orders, which are then going to be processed at the ShipMonk, two bicoastal warehouse locations. The software offers the complete product visibility and the order controls.
The company is having a team of more than 200 employees across the entire office in the Fort Lauderdale, Florida, California and Los Angeles.
“It been a long time in the making but we finally got it done,” ShipMonk CEO Jan Bednar said. “It feels great to get focused on the purpose of the round.”
“We’re continuing to simplify and automate how e-commerce companies control their supply chain operations so they can focus on optimizing their multi-channel sales while we ship their customer orders out in record time,” Bednar said. “We're very excited about what our partnership with SJF Ventures, Grotech Ventures, and Supply Chain Ventures means for our clients and their customers.”
Said David Griest of SJF Ventures: “ShipMonk’s leading technology and automation enable even small e-commerce businesses to meet ever-increasing consumer expectations for faster delivery and flawless logistics.”
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