Shopify

Shopify

Shopify is an Ottawa-based cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, founded in 2004 by Tobias Lütke.

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary E-Commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.

Shopify has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue). The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks, and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Pay, Shopify Shipping, and Shopify Capital.

Shopify has said their platform was engineered for reliability and scale, making enterprise-level technology available to businesses of varying sizes.The company reported that it had more than 1,000,000 businesses, including brands such as Tesla, Red Bull, Nestle, GE and Kylie Cosmetics, in approximately 175 countries using its platform as of June 2019. They reported total gross merchandise volume exceeding $41.1 billion for the calendar year 2018.

Timeline

May 20, 2020
Shopify announces a new merchant debit card and support for payment installment plans.
May 19, 2020
Shopify partners with Facebook to launch new online storefront tool.
May 11, 2020
Shopify launches what it called "a fully rebuilt and reimagined" Shopify POS.
April 28, 2020
Shopify launches consumer-facing shopping assistant app.
March 31, 2020
Shopify releases its financial results for Q1 2020.
August 14, 2019
Shopify launches first native chat function for merchants.
2019
Shopify releases a host of new features to its suite of e-commerce products.
December 11, 2013
Shopify raises a $100,000,000 series C round from FirstMark Elite, Felicis Ventures, Insight Partners, OMERS Ventures, Bessemer Venture Partners and Georgian Partners.
October 17, 2011
Shopify raises a $15,000,000 series B round from FirstMark Capital, Felicis Ventures, Georgian Partners and Bessemer Venture Partners.
December 13, 2010
Shopify raises a $7,000,000 series A round from FirstMark Capital, Felicis Ventures and Bessemer Venture Partners.
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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Shopify Series B round
15,000,000
October 17, 2011
4 Results
Results per page:
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People

Name
Role
LinkedIn

Aaron Brady

Senior Production Engineer

Alaine Mackenzie

Senior Content Strategy Lead

Alex Topalov

Lead Developer

Amy Shapero

Chief Financial Officer

Andre Lyver

Director of Engineering

Andy Kwiatkowskiv

Senior Production Engineer

Anna Lambert

Director of Talent Acquisition

Arati Sharma

Director, Marketing

Atlee Clark

Director of Applications

Ben Morris

Developer Lead

Bonnie D'Amico

Senior Lead, Affiliates

Bram Sugarman

Director of Corporate Development and Strategic Partnerships

Brandon Chu

General Manager and Director of Product

Brittany Forsyth

Senior Vice President of Human Resources

Casandra Campbell

Content Marketing Lead

Cassie Kaiser

User Experience Research Lead

Chris Sauve

Front-End Developer Technical Lead

Craig Miller

CPO

Cynthia Savard Saucier

Director of User Experience

Daniel Molnar

Data Engineer

Daniel Patricio

Senior Product Manager

Daniel Weinand

Founder

Daniella Niyonkuru

Production Engineer

Dario Mungoi

Senior Android Developer

David Stubbs

Senior Product Designer

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Greg Kumparak
March 3, 2021
TechCrunch
Postscript helps Shopify stores stay in touch with customers via SMS, with a focus on keeping everything opt-in, legally compliant, and spam free. The company raised $4.5M back at the end of 2019; this morning it's announcing it has raised a $35M Series B. The company has grown pretty rapidly over the last year. When [...]
Meagan Simpson
February 23, 2021
BetaKit
Shopify is looking to raise more than $1.55 billion USD through the sale of its stock, as it continues to increase its partnerships with social media companies.
Adriana Nunez
February 18, 2021
Business Insider
Shopify announced a surge in gross merchandise volume driven by its platform sellers as Amazon looks to expand its merchant offerings.
Financial Post Staff
February 18, 2021
financialpost
'Consumerism is not a thing that exists because people love buying things. It exists because people hate the things that they get to buy,' Tobi Lütke said
Meagan Simpson
February 17, 2021
BetaKit
Shopify's fourth-quarter and full-year financial results for 2020 list record revenues and profits for the e-commerce retailer, following a year of COVID-fueled
Isabelle Lee
February 17, 2021
markets.businessinsider.com
A Shopify logo displayed on a smartphone in front of a computer. Omar Marques/SOPA Images/LightRocket via Getty Images Shares of Shopify slipp...
Eugene Kim
February 16, 2021
Business Insider
Its purchase of Selz signifies Amazon's ambition to jump into Shopify's territory of offering online software to small business owners.
Adriana Nunez
February 10, 2021
Business Insider
Facebook is integrating Shopify's Shop Pay buy button into Instagram and Facebook Shops, which may help it decrease checkout friction.
Isabelle Lee
February 9, 2021
Business Insider
When the partnership is rolled out, buyers will be able to directly checkout products bought from Facebook and its sister company Instagram.
Meagan Simpson
February 9, 2021
BetaKit
Shopify has expanded its payment offering, Shop Pay, to Facebook and Instagram, making it available to merchants selling on the two social media platforms.
Sarah Perez
February 9, 2021
TechCrunch
Shopify announced this morning it's partnered with Facebook to expand its payment option, Shop Pay, to all Shopify merchants selling across both Facebook and Instagram. This is the first time Shop Pay will be made available outside of Shopify's own platform, and represents a significant expansion for the e-commerce platform's payments technology. The company tells [...]
Shannen Balogh
February 9, 2021
Business Insider
It's the e-commerce giant's first step out of dedicated online stores, its bread-and-butter business.
Jennifer Still
February 1, 2021
Business Insider
Shopify is an e-commerce platform that lets both individuals and small businesses sell their products or services online.
Agencies
January 29, 2021
@bsindia
Recipients of Musks touts include Polish video-game maker CD Projekt, and online marketplace Etsy.
Josh Scott
January 28, 2021
BetaKit
Shopify has increased its young women in STEM training ambitions, boosting the program's efforts in Canada and expanding it to four other countries.
Douglas Soltys
January 20, 2021
BetaKit
As the US undergoes a contested transition of power, public policy expert Vass Bednar joins to discuss the decision Shopify made to deplatform Donald Trump.
Natasha Dailey
January 19, 2021
Business Insider
Fakespot data shows 25,788 Shopify stores is tagged "caution" or "warning" for selling fraudulent goods such as clothing and electronics.
Ian Black
January 19, 2021
Business Insider
Because of his work, Business Insider named Ian Black, managing director of to our annual list of the 10 leaders transforming retail in North America.
Isabelle Kirkwood
January 15, 2021
BetaKit
In recent weeks, Shopify was awarded two patents by the United States Patent and Trademark Office (USPTO).
Jonathan Shieber
January 14, 2021
TechCrunch
In a brief announcement today, the Canadian nuclear fusion technology developer General Fusion announced that the investment firm created by Shopify founder Tobias Lütke has joined the company's cap table. The size of the investment made by Lütke's Thistledown Capital was not disclosed, but with the addition, General Fusion has the founders of the two [...]
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References

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