ShipMonk Doubles Revenue in 1 Year and Secures $355 Million in Growth Equity Funding
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The Scenario
Jan Bednar is the founder and CEO of one of the world’s fastest-growing logistics providers, as well as a member of the elite Forbes 30 Under 30 club. His company, ShipMonk, specializes in helping e-commerce businesses scale through world-class supply chain management and order fulfillment.
In February of 2020, ShipMonk was on a high-growth trajectory. Jan, an analytical visionary, had his hands full with directing operations, hiring new employees, overseeing the sales process, and negotiating important deals. As the leader of a company on a rocket-powered path, these demands were expected, but not the easiest to shoulder.
The Approach
CEO Coaching International implemented best practices from the proven methodology known as the Make BIG Happen System to drive the BIG growth they were looking for:
- Developed strategies to wholly mitigate critically important business risks during an unprecedented turbulent economy.
- Stayed accountable to hiring new employees, improving the sales process, and directing operations according to the company’s mission on a rocket-powered growth path.
- Negotiated the optimal valuation for growth equity funding, bringing in $290 million from Summit Partners and an additional $65 million from Periphas Capital.
The Results
$355M in growth equity funding secured during the height of the global pandemic.
In 2020, the company generated more than $140 million in revenues, representing growth of more than 100% over the prior year.
Jan’s success as founder and CEO of ShipMonk led him to being listed on Forbes’ prestigious list of 30 Under 30.
“Happy to announce that ShipMonk has just been named as a Company of the Year in the 2021 BIG Awards for Business!”
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