Investment Summary

Summit Partners Invests In ShipMonk

On December 2, 2020, growth capital firm Summit Partners invested in transportation company ShipMonk

Investment Highlights
  • This is Summit Partners’ 2nd transaction in the Transportation sector.
  • This is Summit Partners’ 298th transaction in the United States.
  • This is Summit Partners’ 21st transaction in Florida.

Investment Summary
Date 2020-12-02
Target ShipMonk
Sector Transportation
Investor(s) Summit Partners
Deal Type Growth Capital

Target

ShipMonk

Fort Lauderdale, Florida, United States
ShipMonk is a provider of e-commerce fulfillment and technology solutions to help small and medium-sized e-commerce businesses scale by offering technology-driven fulfillment solutions that enable business founders to devote more time to the things that matter most in their businesses. ShipMonk was founded in 2014 and is based in Fort Lauderdale, Florida.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 352 of 387
Sector (Transportation) 2 of 2
Type (Growth Capital) 196 of 219
State (Florida) 21 of 25
Country (United States) 298 of 320
Year (2020) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 48forty Solutions

Alpharetta, Georgia, United States

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was formed in 1992 and is based in Alpharetta, Georgia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Solactive

Frankfurt, Germany

Solactive is a technology-driven provider of index and index solutions to the global financial service industry. Solactive developed tailor-made and multi-asset class index solutions for ETFs and other index-linked investment products for leading global investment banks and asset managers worldwide. Solactive was founded in 2007 and is based in Frankfurt, Germany.

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Mergr

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