To further capitalize on the pandemic-accelerated e-commerce boom that seems destined to result in a sea change of consumer behavior, ShipMonk, a leading player in ecommerce fulfillment and logistics-technology, announced a $290 million growth equity round.
The funding, led by global growth investor Summit Partners, represents a minority stake in the business and will help fuel continued investment in R&D and more automation technologies, hiring, the development of B2B fulfillment capabilities and international expansion, the company said. Summit Partners’ Managing Director Christopher Dean and Vice President Chelsea Jurman joined ShipMonk’s board.
