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Shipmonk to create more than 400 jobs in Fort Lauderdale

Sun Sentinel logoSun Sentinel 8/21/2019 By Marcia Heroux Pounds, sun-sentinel.com

Shipmonk, a successful startup business in South Florida that provides packing and shipping for e-commerce companies, said it plans to create more than 400 jobs at its new Fort Lauderdale headquarters and logistics operation.

The job-growth plan was revealed in the company’s request to the Fort Lauderdale Commission to approve a forgivable loan of $221,917. City staff have recommended the commission approve the loan in a resolution before the commission Tuesday.

The company, which currently employs about 200, said in return, it plans to create 22 jobs for residents of the Fort Lauderdale Community Redevelopment Agency at Shipmonk’s 171,000-square-foot space located at 201 NW 22nd Ave., which is in Riverbend Corporate Park near Broward Boulevard and I-95.

“We’ve already added 55 jobs from within the CRA,” said Jan Bednar, founder and CEO of Shipmonk.

Ultimately, Shipmonk plans to create 400 jobs over the next five years, according Bednar and the information provided to the CRA. The company said it expects to have about 300 warehouse jobs, as well as jobs in sales, general office, forklift drivers, engineers, marketing specialists and executives. The company also has jobs at warehouses near Los Angeles and in Pittston, Pa. Current openings can be found at ShipMonk Careers.

ShipMonk has spent about $619,000 to renovate the Fort Lauderdale building, where it relocated in July after leasing space in Deerfield Beach. The headquarters move was announced by the company in late 2018.

The company was founded in 2014 by Bednar, who was in his early 20s and a student at Florida Atlantic University. The young entrepreneur saw an opportunity to package and ship for e-commerce companies that wanted to sell on multiple e-commerce sites, often including Amazon, Walmart.com, Etsy and Shopify, as well as their own sites.

To make shipping more efficient, Shipmonk developed a technology platform that syncs its warehouse operation with management of inventory and shipping.

The company had 2018 revenues of $28.4 million, according to its listing on the 2019 Inc. 500, a list of the nation’s fastest-growing private companies. Shipmonk is on track for annual revenues “closer to $70 million” this year, Bednar said.

Shipmonk was self-funded until 2018 when it raised $10 million in a round led by SJF Ventures in North Carolina.

In 2018, Bednar was named to the Forbes 30 Under 30 List.

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©2019 the Sun Sentinel (Fort Lauderdale, Fla.)

Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com

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