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Shop.ca Secures $31 Million in Series B Funding

As they continue on their plan to be the largest online shopping destination in Canada, SHOP.CA announced it has closed $31 million in Series B funding.

Shop.caNew investors in this round of funding include Shaw Ventures, an affiliate of Shaw Communications Inc., alongside a select group of large North American financial institutions. SHOP.CA’s existing investors, including Torstar Corporation, Slaight Communications, Difference Capital and a host of SHOP.CA team members also participated in this financing.

This latest round brings the total cash raised to date to $52 million in less than two years.