ShipMonk Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

ShipMonk Strengths, Domain Expertise, and Key Differentiators

ShipMonk enables eCommerce brands to focus on growth and brand development through innovative omnichannel fulfillment solutions and integrated order, inventory, and shipping management software. Since its founding in 2014, the company has remained dedicated to leveraging technology-driven fulfillment to streamline operations, allowing businesses to prioritize their core strategies.

ShipMonk Recent Developments

Following the $290 million investment in December 2020, ShipMonk raised another investment of $65 million from Periphas Capital. ShipMonk’s total funding now exceeds $365 million, including previous funding from Summit Partners SJF Ventures, Grotech Ventures, and Supply Chain Ventures. The funding announcement comes as ShipMonk accelerates its national and international expansion to support more customers with new locations, expanded carrier partnerships, and technology enhancements to its platform.

ShipMonk Mergers and Acquisitions (M&A) Activities

In January 2022, ShipMonk acquired Ruby Has Fulfillment, a leading 3PL technology company, strengthening its U.S. presence and expanding into Canada and the U.K. The acquisition adds eight fulfillment centers across North America and Europe, increasing ShipMonk’s global footprint to 2.4 million square feet across 11 distribution centers.

With over 2500 employees—more than doubling since 2021—ShipMonk enhances supply chain stability amid labor shortages. Its expanded capabilities include GMP-compliant facilities, FDA-registered sites, and wholesale food licensing. The company also offers advanced fulfillment solutions such as engraving, embroidery, and returns refurbishment, alongside automation and robotics for improved efficiency. ShipMonk provides full North American coverage with affordable 2-day shipping and enhanced customer support, including dedicated success managers and advisory councils.

ShipMonk Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ShipMonk applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ShipMonk and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ShipMonk customers.

ShipMonk Key Enterprise and Cloud Applications

ShipMonk

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ShipMonk Direct vs Indirect sales

ShipMonk Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified ShipMonk Customers

No. of ShipMonk Customers: 2000

No. of ShipMonk Enterprise Applications Customers: 2000

No. of ShipMonk Cloud Customers: 2000

No. of ShipMonk Cloud Subscribers: x

ShipMonk supports over 2,000 B2C brands, including BrüMate, Liquid IV, FEAT, and Glamnetic. Its acquisition of Ruby Has further strengthens its portfolio, adding major clients like Brooklinen, The Ridge, and Overtime, while expanding its reach into larger enterprises and established B2B markets.

ShipMonk Market Opportunities, M&A and Geo Expansions

Over the last 18 months, ShipMonk has secured an impressive $355 million in funding, earmarked to propel its expansion efforts. This significant investment has contributed to ShipMonk achieving an estimated valuation of $1 billion.

ShipMonk Risks and Challenges

Expanding in emerging markets across Europe is a challenge for Shipmonk.

ShipMonk Ecosystem, Partners, Resellers and SI

In June 2022 ShipMonk launched a new strategic partnership and direct integration with Gorgias, a leading help desk platform for high-growth eCommerce brands. This partnership is designed to provide a fully integrated software and fulfillment platform with customer service solutions, focusing on complete transparency and ease of use for both the client and end consumer. Leveraging both ShipMonk’s 3PL platform with Gorgias’ support platform, the combined offering helps merchants optimize critical aspects of operations. These include internal bandwidth spent on support cases, transparency into warehouse activities, and visibility throughout the entire customer journey.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: