Ottawa-based Shopify has secured $100 million in the company’s newest round of venture capital financing as the they look to expand its current eCommerce or online retail offering, but as well now look to develop “offline” commerce revenue streams. The new funding round comes from new investors, but also includes existing investors OMERS Ventures and Insight Venture Partners. The company which was founded in 2006 has previously raised $22 million Series A and B rounds in 2010 and 2011 respectively. The company is now valued at over $1 billion which also puts it is a very select club of startups and even more rare when you look Canadian-based organizations.
Shopify’s goal is to become the commerce provider for merchants through all possible channels, whether it be online, storefront or through a temporary channel such as a trade show.