# Shopify

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shopify

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.shopify.com
- Total disclosed funding: $87M
- Latest round: Series C (Oct 22, 2013)
- Investors on record: 6

## About

Shopify Inc., based in Canada, operates as a leading e-commerce platform, enabling businesses of all sizes to efficiently manage online and in-person sales through customizable tools and features. Founded in 2006 in Ottawa, Canada, Shopify Inc. specializes in providing a comprehensive e-commerce solution. In May 2026, Shopify Inc. raised USD 100 million in PIPE funding from Thrive Capital. Notably, the company was founded by a diverse group of entrepreneurs, including Tobias Lütke, who previously co-founded other ventures. Shopify has evolved from a single product offering to a multifaceted platform catering to a global client base.Shopify provides a comprehensive e-commerce platform designed to facilitate online and in-person sales for businesses of varying sizes. Its core offerings include a customizable online store builder, point-of-sale (POS) systems, and integrated marketing tools, which collectively address the needs of merchants looking to streamline operations and enhance customer engagement. The platform supports a multichannel sales approach, allowing businesses to sell products through various online and offline channels, including social media, marketplaces, and physical retail locations. Shopify's customer base encompasses millions of merchants globally, ranging from solo entrepreneurs to large enterprises, serving markets in North America, Europe, Asia, and beyond. Notable clients include small businesses in niche sectors as well as larger corporations, such as Mattel, indicating the platform's versatility and scalability across diverse industries.Shopify's revenue model primarily revolves around subscription-based services and transaction fees from sales facilitated through its platform. For the most recent year, 2023, Shopify reported a revenue of USD 7,060.00 mn, with an EBITDA of USD -1,348.00 mn. Merchants pay monthly subscription fees for access to Shopify's suite of tools and features, which vary according to the selected pricing plan. Additionally, Shopify generates revenue through transaction fees on sales made via its checkout system and offers financial services such as Shopify Capital, which provides funding to qualifying merchants. Revenue streams are further diversified by the extensive offerings in the Shopify App Store, which allows businesses to integrate additional functionalities tailored to their specific needs. The company plans to utilize the May 2026 funding toward artificial intelligence projects that have the potential to boost commercial growth.

## Funding rounds

- Series C, Oct 22, 2013, $70M — Insight Partners, Bessemer Venture Partners, FirstMark Capital, Georgian, Felicis Ventures, OMERS Ventures
- Series B, Oct 17, 2011, $12M — Bessemer Venture Partners, FirstMark Capital, Georgian, Felicis Ventures
- Series A, Dec 13, 2010, $5.5M — Bessemer Venture Partners, FirstMark Capital, Felicis Ventures

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A, Series B, Series C
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B, Series C
- Georgian — Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series C