Shopify

company

About

Shopify is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.

Details

Last Funding Type
Series A
Last Funding Money Raised
$7M
Industries
E-Commerce,E-Commerce Platforms,Enterprise Software,SaaS
Founded date
Jun 2, 2004
Number Of Employee
5001 - 10000
Operating Status
Active
Stock Symbol
nyse:SHOP
Legal Name
Shopify Inc.
Also Known As
Shopify Data Processing (USA) ,Shopify Payments ,Shopify

Shopify is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business.

Shopify offers online retailers a suite of services including marketing, customer engagement, payments, and shipping tools to simplify the process of running an online store for small merchants. They launched an application programming interface (API) platform and App Store that allows developers to create applications for Shopify online stores and then sell them on the Shopify App Store.

The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers over 800,000 businesses in approximately 175 countries and is trusted by brands such as Tesla, Red Bull, Nestle, GE, Kylie Cosmetics, and many more.

Shopify was founded in 2004 and is headquartered in Ottawa, Ontario, Canada.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$253.25M
Shopify has raised a total of $253.25M in funding over 2 rounds. Their latest funding was raised on May 21, 2015 from a IPO round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 21, 2015 IPO $131M Detail
Dec 11, 2013 Series C $100M 6 Insight Partners
OMERS Ventures
Detail
Oct 17, 2011 Series B $15M 4 Bessemer Venture Partners Detail
Dec 13, 2010 Series A $7M 4 Bessemer Venture Partners
FirstMark
Detail
Jan 1, 2007 Seed $250K 1 Klister Credit Detail

Investments

Number of Investments
Number of Lead Investments
19
7
Shopify has made 19 investments. Their most recent investment was on Nov 3, 2022, when WalletConnect raised $12.50M.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 3, 2022 WalletConnect
Series Unknown $12.50M Cryptocurrency Yes
Series B $23M Messaging
Aug 25, 2022 thirdweb
Series A $24M Blockchain
Aug 15, 2022 Gorgias
Series C $30M Computer Yes
Aug 2, 2022 Klaviyo
Corporate Round $100M Advertising Yes

Investors

Number of Lead Investors
Number of Investors
6
8
Shopify is funded by 8 investors. Insight Partners and OMERS Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Insight Partners Yes Series C
OMERS Ventures Yes Series C
Klister Credit Yes Seed
Bessemer Venture Partners Series C
Felicis Ventures Series C
FirstMark Series C
Georgian Series C
AMKA Holdings Series A

Employee Profiles

Number of Employee Profiles
207
Shopify has 207 current employee profiles, including Executive Tobias Lütke
Executive
Executive
Executive
Employee
Executive

Acquisition

Shopify has acquired 15 organizations. Their most recent acquisition was Select Start Studios on Feb 1, 2012. They acquired Select Start Studios for 0.

Date Company Name
Industry Acquisition Type Price
Android Detail
Aug 1, 2013 Jet Cooper
Advertising Detail
Apr 13, 2016 Kit
Advertising acquisition Detail
Oct 3, 2016 Boltmade
Big Data acquihire Detail
Dec 5, 2016 Tiny Hearts
Gaming acquisition Detail