Shopify Secures $100M In Latest Funding, Aims To Deliver Ubiquitous Commerce Solutions

BY: 

Dave Forde
December 12, 2013

ShopifyOttawa-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.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>