About Shopify
Shopify is a company based in Ottawa (Canada) founded in 2006 by Tobias Albin Lutke.. Shopify has raised $122.25 million across 4 funding rounds from investors including Bessemer Venture Partners, FirstMark and Georgian. The company has 8,100 employees as of December 31, 2024. Shopify has completed 17 acquisitions, including 6River Systems, Boltmade and Checkout Blocks. Shopify operates in a competitive market with competitors including Squarespace, Weebly, Webs, Nuvemshop and Jimdo, among others.
- Headquarter Ottawa, Canada
- Employees 8100 as on 31 Dec, 2024
- Founders Tobias Albin Lutke
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Shopify Inc.
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Annual Revenue
$8.45 B17.58as on Dec 31, 2024
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Net Profit
$1.92 B1319.13as on Dec 31, 2024
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EBITDA
$1.33 B734.21as on Dec 31, 2024
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Total Equity Funding
$122.25 M (USD)
in 4 rounds
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Latest Funding Round
$100 M (USD), Series C
Dec 11, 2013
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Investors
Bessemer Venture Partners
& 6 more
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Employee Count
8100
as on Dec 31, 2024
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Investments & Acquisitions
6River Systems
& 16 more
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IPO & Listings of Shopify
Shopify is a publicly listed company on the NASDAQ with ticker symbol SHOP in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
204 people
Senior Team
99 people
Sales and Marketing
63 people
Data Analysis and Operations Team
59 people
Leadership Team
54 people
Operations Team
25 people
Staff Team
17 people
Creative and Marketing Team
16 people
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Funding Insights of Shopify
Shopify has successfully raised a total of $122.25M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $100.0M
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First Round
First Round
(01 Jan 2007)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series C - Shopify | Valuation | OMERS , Insight Partners | |
| Oct, 2011 | Amount | Series B - Shopify | Valuation | Georgian | |
| Dec, 2010 | Amount | Series A - Shopify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shopify
Shopify has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, FirstMark and Georgian. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage technology-driven companies are targeted for venture capital investments.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Investments in technology startups are made by Felicis Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shopify
Shopify has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include 6River Systems, Boltmade and Checkout Blocks. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commerce platform tools are provided for multiple sales channels.
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2023 | ||||
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Customizable checkout block apps for Shopify merchants are provided.
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2022 | ||||
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After-school activities for kids are offered via an online platform.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shopify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shopify Comparisons
Competitors of Shopify
Shopify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Squarespace, Weebly, Webs, Nuvemshop and Jimdo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based website builder tool
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| domain | founded_year | HQ Location |
Tools for creating websites and online stores are provided.
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| domain | founded_year | HQ Location |
Websites are built without coding via a cloud-based drag-and-drop platform.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce store creation and management are provided.
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| domain | founded_year | HQ Location |
Customized websites, blogs, and online stores are created using Jimdo.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shopify
Frequently Asked Questions about Shopify
When was Shopify founded?
Shopify was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Shopify located?
Shopify is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Who is the current CEO of Shopify?
Tobias Albin Lutke is the current CEO of Shopify. They have also founded this company.
Is Shopify a funded company?
Shopify is a funded company, having raised a total of $122.25M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jan 01, 2007.
How many employees does Shopify have?
As of Dec 31, 2024, the latest employee count at Shopify is 8,100.
What is the annual revenue of Shopify?
Annual revenue of Shopify is $8.45B as on Dec 31, 2024.
What does Shopify do?
Shopify was established in 2006 in Ottawa, Canada, as a platform in the e-commerce sector. Online storefronts are enabled, along with payment processing for credit cards, marketing tools, shipping integrations, and customer engagement features. Operations support businesses globally through these services, facilitating digital commerce activities from a base in technology-driven solutions.
Who are the top competitors of Shopify?
Shopify's top competitors include Squarespace, Weebly and Webs.
Is Shopify publicly traded?
Yes, Shopify is publicly traded on NASDAQ under the ticker symbol SHOP.
How many acquisitions has Shopify made?
Shopify has made 17 acquisitions, including 6River Systems, Boltmade, and Checkout Blocks.
Who are Shopify's investors?
Shopify has 7 investors. Key investors include Bessemer Venture Partners, FirstMark, Georgian, OMERS Ventures, and Insight Partners.
What is Shopify's ticker symbol?
The ticker symbol of Shopify is SHOP on NASDAQ.
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