Summit Partners led a $290m funding round in ShipMonk.

Summit Partners, a global growth investor, led a $290m funding round in ShipMonk, a provider of ecommerce fulfillment and technology solutions. "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. 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," Jan Bednar, ShipMonk Founder and CEO.