COMPANY INFO
Shopify Inc. is a public e-commerce company founded in 2006 in Ottawa, Ontario, Canada by Tobias Lütke, Daniel Weinand, and Scott Lake. It has approximately 8,300 employees as of 2023 and operates a leading global commerce platform that enables millions of businesses worldwide to start, run, and grow their retail operations online and in-person. The company's website is www.shopify.com.
Shopify Inc. is a global leader in e-commerce, founded in 2006 in Ottawa, Ontario, Canada by Tobias Lütke, Daniel Weinand, and Scott Lake. As of 2023, Shopify employs approximately 8,300 people and operates one of the world's most widely used commerce platforms, enabling millions of businesses to create, run, and scale their retail operations online and in person. Shopify serves companies of all sizes and across industries, supporting their digital transformation and growth through a powerful suite of commerce tools.
Over the years, Shopify Inc. funding has reflected a strategic approach, focusing on platform development, team expansion, and market reach. The company participated in four major funding rounds, raising a total of $122 million. Shopify Inc. investors include leading venture capital firms and institutional backers. The company hit notable milestones, including a $1 billion valuation at its Series C round, setting the stage for its public offering and rapid global expansion. Shopify Inc.’s funding rounds demonstrate its commitment to continuous product innovation and operational scalability — critical to building a robust ecosystem for merchants worldwide.
This Series C round helped Shopify Inc. transition from a pure e-commerce platform to a comprehensive commerce company, enabling support for both online and offline sales. The funds were used to accelerate product innovation and broaden market reach, coinciding with Shopify’s achievement of a $1 billion valuation.
Shopify Inc. pursued its Series B round to enhance its product offerings and increase its market presence. The investment enabled further scaling, R&D, and entry into new markets, driving significant business growth.
The Series A round was crucial for scaling the Shopify platform and expanding its team. This influx of capital allowed Shopify to improve development velocity and increase merchant acquisition efforts.
Shopify Inc. raised seed funding to develop the initial version of its platform and launch the business. This early investment laid the foundation for the company’s future success.
OMERS is one of Canada’s largest pension funds and a significant Shopify Inc. investor. OMERS backed Shopify during the Series C round, providing crucial growth capital and supporting the company’s scale from national to international markets.
Insight Partners, a leading global venture capital and private equity firm, led Shopify’s Series C round. As active Shopify Inc. investors, they offered deep operational expertise and resources that helped the company achieve unicorn status and grow its market footprint.
Felicis Ventures is a venture capital firm focused on bold early-stage investments. By supporting Shopify Inc., Felicis joined a cohort of top-tier investors nurturing fast-growth tech companies.
Bessemer Venture Partners participated in Shopify’s Series A and B rounds, becoming one of the most prominent Shopify Inc. investors. Their support was instrumental in funding Shopify’s expansion and product development.
Georgian is a growth equity firm that invests in technology companies. Their involvement with Shopify Inc. signaled faith in the company’s business fundamentals and long-term vision.
FirstMark, an early-stage venture capital firm, joined Shopify’s Series A, providing additional capital and guidance instrumental to Shopify’s early scaling.
Klister Credit provided seed capital to Shopify Inc., helping get the company off the ground at its inception.
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