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
Locked
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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 B (USD)17.58as on Dec 31, 2024
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Net Profit
$1.92 B (USD)1319.13as on Dec 31, 2024
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EBITDA
$1.33 B (USD)734.21as 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.
People of Shopify
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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.
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.
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Early-stage technology-driven companies are targeted for venture capital investments.
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Investment firm scaling software and technology companies from early to late stages.
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Investments in technology startups are made by Felicis Ventures.
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Investor details for Shopify
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Shopify
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| 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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Customizable checkout block apps for Shopify merchants are provided.
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After-school activities for kids are offered via an online platform.
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Locked | Locked | 2019 | Locked |
Complete acquisition details for Shopify
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Shopify
Detailed financials for Shopify
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- Profit trends
- Statement rows
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Shopify Comparisons
Peer comparison for Shopify
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- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based website builder tool
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Tools for creating websites and online stores are provided.
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Websites are built without coding via a cloud-based drag-and-drop platform.
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SaaS solutions for e-commerce store creation and management are provided.
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Customized websites, blogs, and online stores are created using Jimdo.
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Detailed competitors of Shopify
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Shopify
Complete news archive for Shopify
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Shopify
Shopify was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Shopify is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Tobias Albin Lutke is the current CEO of Shopify. They have also founded this company.
Shopify is a funded company, having raised a total of $122.25M across 4 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Shopify is 8,100.
Annual revenue of Shopify is $8.45B as on Dec 31, 2024.
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.
Shopify's top competitors include Squarespace, Weebly and Webs.
Yes, Shopify is publicly traded on NASDAQ under the ticker symbol SHOP.
Shopify has made 17 acquisitions, including 6River Systems, Boltmade, and Checkout Blocks.
Shopify has 7 investors. Key investors include Bessemer Venture Partners, FirstMark, Georgian, OMERS Ventures, and Insight Partners.
The ticker symbol of Shopify is SHOP on NASDAQ.