About Shopify
Shopify is a company based in San Francisco (United States) founded in 2023 by Lance Riedel and Nigel Daley was acquired by Shopify in March 2025. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Shopify has raised $16 million across 1 funding round from investors including Shopify. Shopify offers products and services including Shopify Platform, Shopify POS, and Shopify Checkout. Shopify operates in a competitive market with competitors including Curated, Wize, ThisNext, Curio Road and Consumr, among others.
- Headquarter San Francisco, United States
- Founders Lance Riedel, Nigel Daley
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Sectors
RetailTechnology
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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 Vantage Discovery, Inc.
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Products & Services of Shopify
Shopify offers a comprehensive portfolio of products and services, including Shopify Platform, Shopify POS, and Shopify Checkout. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An all-in-one commerce platform for businesses online.
A system for in-person sales and synchronization.
A fast, customizable checkout for higher conversions.
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Funding Insights of Shopify
Shopify has successfully raised a total of $16M through 1 strategic funding round. The most recent funding activity was a Series A round of $16 million completed in June 2024. 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 1
- Last Round Series A — $16.0M
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First Round
First Round
(05 Jun 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Series A - Shopify | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 1 investor, including institutional investors. Prominent investors backing the company include Shopify. 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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E-commerce storefront solutions are provided for online businesses.
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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
| 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 |
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 Curated, Wize, ThisNext, Curio Road and Consumr, 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 |
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| domain | founded_year | HQ Location |
Online store with personalized recommendations for sports & travel products
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| domain | founded_year | HQ Location |
Cuareted products recommendation platform
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| domain | founded_year | HQ Location |
Provides a personalized recommendation platform for e-commerce portals.
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| domain | founded_year | HQ Location |
An online platform for discovering vintage and handmade products from designers.
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| domain | founded_year | HQ Location |
Product Discovery and Review Mobile App
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| domain | founded_year | HQ Location |
Personalized products are customized and sold via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 2023 and raised its 1st funding round 1 year after it was founded.
Where is Shopify located?
Shopify is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Shopify?
Lance Riedel 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 $16M across 1 funding round to date. The company's 1st funding round was a Series A of $16M, raised on Jun 05, 2024.
What does Shopify do?
A comprehensive commerce platform is offered by Shopify for businesses of all sizes. Online and in-person sales are supported through customizable stores and point-of-sale systems. Solutions for international selling, multichannel integration, and wholesale are provided. Advanced tools like Shopify Checkout and AI-driven features are included to enhance conversions and efficiency. The platform serves sectors ranging from solo entrepreneurs to enterprise-level brands, ensuring scalability and global reach.
Who are the top competitors of Shopify?
What products or services does Shopify offer?
Shopify offers Shopify Platform, Shopify POS, and Shopify Checkout.
Who are Shopify's investors?
Shopify has 1 investor. Key investors include Shopify.
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