MIAMI, Fla., Dec. 10, 2020 – CEO Coaching International, the leading firm coaching over 340 of the world’s top growth-focused entrepreneurs, congratulates its client Shipmonk for raising $290 million in growth equity funding.
The Fort Lauderdale based ShipMonk, a leading provider of e-commerce fulfillment and technology solutions, recently announced its successful raise led by global growth investor Summit Partners. The financing represents a minority stake in ShipMonk and will accelerate growth to help scale their online operations in a time of increased e-commerce demand.
“ShipMonk was founded to alleviate the burden of supply chain management and allow brand owners to focus on the magic of their front-end customer experience,” said ShipMonk Founder and CEO Jan Bednar in a press release. “Small and medium-sized brands are working at an incredible pace to keep up with both increased demand and consumers’ service-level expectations. Fulfillment and inventory management technology has quickly become a critical component to ensure seamless delivery. Our solutions can quite literally make the difference between an item arriving on time or behind schedule, and ultimately, the difference between building brand loyalty or losing a valuable customer.”
“The ShipMonk team has risen to the occasion for e-commerce brands, taking on the challenge of managing supply chain logistics,” said Don Schiavone, CEO Coaching International Partner and Bednar’s Coach. “By taking ownership of this pain point, ShipMonk has empowered companies to up their customer experience game at a time when consumer expectations for exemplary service are higher than ever.”
“Congratulations to the ShipMonk leadership team on their partnership with Summit Partners and an unprecedented year of growth,” said CEO and Founding Partner Mark Moses. “I’m excited to see how the ShipMonk team will Make Big Happen in 2021.”
From its inception in 2014, ShipMonk has operated with a singular guiding principle: to help small and medium-sized ecommerce businesses scale by offering technology-driven fulfillment solutions that enable business founders to devote more time to the things that matter most in their businesses. Put simply, ShipMonk helps ecommerce companies stress less and grow more. Headquartered in Fort Lauderdale, FL, ShipMonk has more than 1,000 employees across facilities in Fort Lauderdale, FL, Pittston, PA, Los Angeles, CA, and Prague, Czech Republic. More information is available at www.shipmonk.com.
About CEO Coaching International
CEO Coaching International works with the world’s top entrepreneurs, CEOs, and companies to dramatically grow their business, develop their people, and elevate their overall performance. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 600 CEOs and entrepreneurs in more than 40 countries. Every coach at CEO Coaching International is a former CEO or President that has made big happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $1 billion, and many are founders that have led their companies through successful eight and nine figure exits. CEOs and entrepreneurs working with CEO Coaching International for three years or more have experienced an average EBITDA CAGR of 59% during their time as a client, more than five times the national average. To see how coaching can elevate your performance, schedule a free initial coaching session. Sign up here: https://ceocoachinginternational.com/ceo-coaching-session. For more information on CEO Coaching International, please visit: https://www.ceocoachinginternational.com.