Florida-based logistics provider ShipMonk raises $290 million on the back of rising eCommerce demand

Florida-based logistics provider ShipMonk raises $290 million on the back of rising eCommerce demand

3 years ago
Anonymous $RGO3jP_V_c

https://techcrunch.com/2020/12/02/florida-based-logistics-provider-shipmonk-raises-290-million-on-the-back-of-rising-ecommerce-demand/

Jan Bednar started ShipMonk with $70,000 in winnings from a string of student business plan competitions and launched the business that just closed on $290 million in new funding from a small warehouse with no air conditioning in the middle of Florida.

While Bednar’s new offices are still inside the warehouse his company operates, they now have air conditioning… and a $290 million financing round from Summit Partners to grow its business.