ShipMonk, a Deerfield Beach, Fla.-based provider of inventory management, orders, and shipping solution, closed a $10m Series A financing.
The round was led by SJF Ventures with participation from Grotech Ventures, Supply Chain Ventures, and a strategic group of individual angel investors.
The company will use the financing to continue its expansion, including the addition of a New York location in 2019.
Led by CEO Jan Bednar, ShipMonk provides multi-channel order fulfillment services and inventory management software to small and midsized (SMB) e-commerce companies. The company’s API integrations sync directly with customers’ marketplace platforms and online shopping carts to automatically import orders, which are then processed at ShipMonk’s two bicoastal warehouse locations. The software offers complete product visibility and order controls.
ShipMonk has over 200 employees across facilities in the Fort Lauderdale, Florida and Los Angeles, California areas.