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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.

OverviewStructured DataIssuesContributorsActivity
Contents

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

September 14, 2021
Shopify ranks second this year on the 2021 TSX30, the Toronto Stock Exchange’s program.
July 16, 2021
Shopify officially launches Shopify Inbox, new centralized chat product for merchants.
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 Bessemer Venture Partners, Felicis Ventures, FirstMark Elite, Georgian Partners and OMERS Ventures.

Funding Rounds

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Patents

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Further Resources

Title
Author
Link
Type
Date

References

pt.shopify.com
en.shopify.nl
es.shopify.com
shopify.com
shopify.com/fr
shopify.com/jp
Is a
Organization
Organization
Company
Company

Company attributes

Industry
E-commerce
E-commerce
‌
Web development tools
No-code / low-code development
No-code / low-code development
Developer tool
Developer tool
Service provider
Service provider
‌
Subscription
GraphQL
GraphQL
Digital Community
Digital Community
...
Location
Ottawa
Ottawa
San Francisco
San Francisco
Berlin
Berlin
London
London
Stockholm
Stockholm
Singapore
Singapore
Sydney
Sydney
Tokyo
Tokyo
...
B2X
Marketplace
Marketplace
CEO
Tobias Lütke
Tobias Lütke
Tobi Lutke
Tobi Lutke
Founder
Tobias Lütke
Tobias Lütke
‌
Daniel Weinand
Tobi Lutke
Tobi Lutke
Pitchbook URL
pitchbook.com/profiles.../51386-05
Legal Name
Shopify Inc.
Subsidiary
Oberlo
Oberlo
Mapplico
Mapplico
Date Incorporated
September 28, 2004
Number of Employees (Ranges)
5,000 – 9,999
Number of Employees
5,000
Full Address
150 Elgin Street, 8th Floor Ottawa, ON K2P 1L4 Canada
Place of Incorporation
Canada
Canada
Investors
Bessemer Venture Partners
Bessemer Venture Partners
Felicis Ventures
Felicis Ventures
Georgian Partners
Georgian Partners
OMERS Ventures
OMERS Ventures
FirstMark Elite
FirstMark Elite
FirstMark Capital
FirstMark Capital
Insight Partners
Insight Partners
‌
Klister Credit
...
Founded Date
2004
Email Address
press@shopify.com
Phone Number
+18887467439
Total Funding Amount (USD)
122,250,000
Latest Funding Round Date
December 11, 2013
Competitors
Online Shop
Online Shop
Shupple
Shupple
Volusion
Volusion
Podozi
Podozi
SellerX
SellerX
Cart.com, Inc.
Cart.com, Inc.
Nuvemshop
Nuvemshop
Pattern
Pattern
...
Business Model
Commerce
Stock Symbol
SHOP
Exchange
Toronto Stock Exchange
Toronto Stock Exchange
New York Stock Exchange
New York Stock Exchange
Glassdoor ID
675933
Former CEO
Tobias Lütke
Tobias Lütke
Latest Funding Type
‌
Series C round
Latest Postmoney Valuation
900,000,000
Patents Assigned (Count)
37
Wellfound ID
shopify

Other attributes

Country
Canada
Canada
Morocco
Morocco
United States
United States
United Kingdom
United Kingdom
Headquarters
Ottawa
Ottawa
Company Operating Status
Active
Wikidata ID
Q7501150
Strategic Partnerships
Toonimo
Toonimo
Twitter
Twitter
Yuser
Yuser
Bitcoin Bam
Bitcoin Bam
Magneto IT Solutions
Magneto IT Solutions
Latest Funding Round Amount (USD)
100,000,000
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Company
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