About Shopify
Shopify is a Retail company based in San Francisco (United States) founded in 2023 by Lance Riedel and Nigel Daley, and was acquired by Shopify in March 2025. Commerce platform tools are provided for multiple sales channels. It operates on a SaaS (Software-as-a-Service) and Subscription Services model in Retail and Technology sectors. Shopify has raised $16 million across 1 funding round from investors including Shopify. Its chief executive, as recorded, is Lance Riedel. Shopify offers products and services including Shopify Platform, Shopify POS, and Shopify Checkout. Its focus areas include E-commerce and Online Retail Platforms. Its legal entity is VANTAGE DISCOVERY, INC. Its competitors include Curated, Wize and ThisNext; 3 of its 3 listed competitors have raised funding.
Company details
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.
Products & Services of Shopify
Shopify offers a comprehensive portfolio of products and services, including Shopify Platform, Shopify POS, and Shopify Checkout.
An all-in-one commerce platform for businesses online.
A system for in-person sales and synchronization.
A fast, customizable checkout for higher conversions.
Apps and channels of Shopify
its YouTube channel Shopify has 811K subscribers and 30 videos.
Videos from Shopify
The most watched videos on Shopify's YouTube channel, Shopify (811K subscribers). Click a video to play it here.
More on Shopify.
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 $16M
- Total Rounds 1
- Last Round Series A — $16M
- First Round $16M
(Jun 2024)
All 1 funding rounds of Shopify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $16M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Shopify
Shopify has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Shopify.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
E-commerce storefront solutions are provided for online businesses. | 2006 | shopify.com | Ottawa, Canada |
Investor details for Shopify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Shopify
2 people are tracked at Shopify (2 in leadership).
| Name | Role | Group |
|---|---|---|
Lance Riedel | Co-Founder & CEO | Leadership |
Nigel Daley | Co-Founder & COO | Leadership |
Complete people profiles for Shopify
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of Shopify
3 dated milestones of Shopify across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Shopify is founded.
- Funding First funding round of $16.0M.
- Exit Acquired by Shopify.
Competitors of Shopify
Shopify has 3 listed competitors in our database, 3 of them funded. They include Curated, Wize and ThisNext.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| curated.com | 2002 | San Francisco, United States | $136M | 92 | Online store with personalized recommendations for sports & travel products | |
| wize.com | 2006 | Burlingame, United States | $4.99M | 52 | Cuareted products recommendation platform | |
| thisnext.com | 2005 | Santa Monica, United States | $9.9M | Provides a personalized recommendation platform for e-commerce portals. |
Detailed competitors of Shopify
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- Full competitor set
- Operating metrics
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Top companies in E-Commerce Sellers & Service Providers
3 companies that operate in the same segment as Shopify (E-Commerce Sellers & Service Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Omni-channel payments solutions are provided for businesses worldwide. | 1981 | Alpharetta, Georgia, United States | USD 1.87 B | 531 | ||
Apparel and accessories for men, women, and kids are retailed. | 1987 | New York, New York, United States | USD 596.6 M | 1,321 | ||
Marketing and sales services are delivered to retailers by SPAR. | 1967 | Auburn Hills, Michigan, United States | USD 163.63 M | 3,420 |
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Related news about Shopify
Complete news archive for Shopify
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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 CEO of Shopify, as recorded in our data. They have also founded this 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 2024.
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 offers Shopify Platform, Shopify POS, and Shopify Checkout.
Shopify has 1 investor. Key investors include Shopify.
Shopify operates through Vantage Discovery, Inc..
Yes. Shopify was acquired by Shopify in March 2025.