Shopify

San Francisco, United States Founded: 2023 • Age: 3 yrs Acquired By Shopify
Commerce platform tools are provided for multiple sales channels.
Annual revenue - Latest available
Total funding $16.0M 1 rounds
Employees - Tracked headcount
Investors 1 Known backers
Products 3 Services tracked
Competitors 8 Brand Intelligence

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
  • Sectors
    Retail
    Technology
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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  • Legal Name Vantage Discovery, Inc.
Operational Areas
Retail → E-Commerce Technology & Services Unlock Sub-Sector Unlock Segment
Technology → Artificial Intelligence & Machine Learning Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $16 M (USD)

    in 1 rounds

  • Latest Funding Round
    $16 M (USD), Series A

    Jun 05, 2024

  • Investors
  • Employee Count
    Not available
  • Acquired by
    Shopify

    (Mar 27, 2025)

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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.

Product name locked
Category locked
Primary

An all-in-one commerce platform for businesses online.

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A system for in-person sales and synchronization.

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A fast, customizable checkout for higher conversions.

People of Shopify

Headcount 10-50
Employee Profiles 2
Employee Profiles
People
Lance Riedel
Chief Executive Officer

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Teams

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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.

Investors in Shopify

Shopify has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Shopify.

All
Institutional
Investor Description Founded Year Domain Location
E-commerce storefront solutions are provided for online businesses.
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Investor details for Shopify

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Shopify

Investments
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Investment portfolio details for Shopify

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  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - Shopify

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Detailed financials for Shopify

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  • Profit trends
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Shopify Comparisons

Shopify Primary company
Description
Commerce platform tools are provided for multiple sales chan...
Location
San Francisco, United States
Founded Year
2023
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Shopify

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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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 Curated, Wize, ThisNext, Curio Road and Consumr, among others.

Company Name Domain Founded year HQ Location Description
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Online store with personalized recommendations for sports & travel products
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Cuareted products recommendation platform
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Provides a personalized recommendation platform for e-commerce portals.
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An online platform for discovering vintage and handmade products from designers.
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Product Discovery and Review Mobile App
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Personalized products are customized and sold via an online platform.
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Detailed competitors of Shopify

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  • Domains and locations
  • Full company profiles
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Latest news on Shopify

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Complete news archive for Shopify

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Shopify

Shopify was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Shopify is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Lance Riedel is the current CEO of Shopify. They have also founded this company.

Shopify is a funded company, having raised a total of $16M across 1 funding round to date.

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.

Shopify's top competitors include Curated, Wize and Consumr.

Shopify offers Shopify Platform, Shopify POS, and Shopify Checkout.

Shopify has 1 investor. Key investors include Shopify.

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