Shopify - About the company
Shopify is a public company based in Ottawa (Canada), founded in 2006 by Tobias Albin Lutke, Jean-Michel Lemieux, Scott Lake and Daniel Weinand. It operates as a Provider of an all-in-one commerce platform for businesses of all sizes. Shopify has raised $122M in funding from investors like Insight Partners, OMERS and Klister Credit. The company has 1976 active competitors, including 203 funded and 150 that have exited. Its top competitors include companies like aCommerce, AnyMind Group and Cart.com.
Sectors and market segments that Shopify operate in
Shopify serves in the Retail market segments.The primary business model of Shopify are:Company Details
Provider of an all-in-one commerce platform for businesses of all sizes. The platform enables merchants to start, grow, market, and manage their retail operations. It offers tools to build brands, create websites, and customize online stores. The platform also provides solutions for selling products online, in person, and across various channels. It facilitates payment acceptance, marketing, customer management, and business analytics.
- Website
- www.shopify.com/
- Email ID
- *****@shopify.com
Key Metrics
Founded Year
2006
Location
Ottawa, Canada
Stage
Public
Total Funding
$122M in 6 rounds
Latest Funding Round
Investors
Ranked
1st among 1976 active competitors
Employee Count
30,125 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Shopify
Shopify is associated with 11 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Shopify Inc. CIN: 847871746 , Canada, Active | Sep 28, 2004 | - | - | - |
Knight of Abyss Studios Inc. CIN: 0002014024 , United States, Active | Jun 02, 2023 | - | - | - |
Jackworth Ginger Beer LLC CIN: 0001999529 , United States, Active | Oct 19, 2020 | - | 2 (As on Nov 16, 2023) | - |
Hope's Caramels, Inc. CIN: 0001978080 , United States, Active | Jan 02, 2019 | $0 - $1M (As on Dec 31, 2022) | 4 (As on May 23, 2023) | - |
Aloha Puddin LLC CIN: 0001947605 , United States, Active | Jul 21, 2022 | - | 1 (As on Oct 14, 2022) | - |
Partners work agency s.r.o. CIN: 19172338 , Czech Republic, Active | Mar 22, 2023 | - | - | |
PEPERIE GARDEN DA CIN: 931051180 , Norway, Active | Feb 27, 2023 | - | - | |
NEW PLATFORM MARCOM PRIVATE LIMITED CIN: U72900UP2020PTC132510 , India, Active | Aug 11, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
SHOPIFY COMMERCE INDIA PRIVATE LIMITED CIN: U74999KA2017FTC102908 , India, Active | May 15, 2017 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 26 (As on Aug 01, 2025) | |
SHOPIFY COMMERCE SINGAPORE PTE. LTD. UEN: 201736986Z , Singapore, Active | Dec 27, 2017 | - | - | |
Shopify Inc. CIN: 98-0486686 , Vanuatu, Active | Apr 07, 2016 | - | 11600 (As on Dec 31, 2022) | - |
Shopify's IPO details
Shopify got listed on Mar 31, 2014.
Click here to take a look at Shopify's IPO in detail
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Shopify's funding and investors
Shopify has raised a total funding of $122M over 6 rounds. Its latest funding round was a Series C round on Dec 11, 2013 for $100M. 6 investors participated in its latest round. Shopify has 22 institutional investors.
Here is the list of recent funding rounds of Shopify:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 11, 2013 | $100M | Series C | - | - | ||
Oct 17, 2011 | $15M | Series B | - | - | ||
Dec 13, 2010 | $7M | Series A | - | - | - |
View details of Shopify's funding rounds and investors
Shopify's founders and board of directors
Founder? Claim ProfileThe founders of Shopify are Tobias Albin Lutke, Jean-Michel Lemieux, Scott Lake and Daniel Weinand. Tobias Albin Lutke is the CEO of Shopify.
Here are the details of Shopify's key team members:
- Tobias Albin Lutke: Co-Founder & Principal of Shopify and founder of 4 other companies, including Poultry Life, http://shopify.ca and Shopify. They are also an angel investor in 17 startups.Contact Info: 2 email addresses
- Jean-Michel Lemieux: Founder - DevDegree of Shopify. They are also an angel investor in 3 startups.
- Scott Lake: Former Co-Founder of Shopify and founder of 2 other companies, Too Symphony and Source Metrics. They are also an angel investor in 3 startups.Contact Info: 1 email address
- Daniel Weinand: Former Co-Founder of Shopify and founder of 2 other companies, Too Symphony and Shopify. They are also an angel investor in 3 startups.
View details of Shopify's Founder profiles and Board Members
Shopify's employee count trend
Shopify has 30,125 employees as of Sep 26. Here is Shopify's employee count trend over the years:
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Shopify's Competitors and alternates
Top competitors of Shopify include aCommerce, AnyMind Group and Cart.com. Here is the list of Top 10 competitors of Shopify, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of an all-in-one commerce platform for businesses of all sizes | $122M | 87/100 | ||
2nd | Provider of end-to-end e-commerce solutions, encompassing management and business insights | $119M | 74/100 | ||
3rd | AnyMind Group 2016, Minato (Japan), Public | Provider of e-commerce, marketing, and manufacturing platforms | $91.7M | 74/100 | |
4th | Cart.com 2020, Houston (United States), Series D | Provider of unified commerce and logistics solutions for business growth | $735M | 71/100 | |
5th | BigCommerce 2009, Austin (United States), Public | Provider of ecommerce platform and related services for online businesses | $233M | 71/100 | |
6th | etaily 2020, Metro Manila (Philippines), Series A | Provider of software suite solutions for e-commerce businesses | $24M | 70/100 | |
7th | ShopUp 2017, Dhaka (Bangladesh), Series B | Retailer of neighborhood shops and clothing | $198M | 70/100 | |
8th | Provider of suite solution for businesses | $4.2M | 70/100 | ||
9th | WooCommerce 2008, Cape Town (South Africa), Acquired | Developer of an open-source platform for customizable ecommerce solutions | - | 69/100 | |
10th | SPS Commerce 1998, Minneapolis (United States), Public | Provider of cloud-based platform for retail supply chain management solutions | $50.5M | 68/100 |
Looking for more details on Shopify's competitors? Click here to see the top ones
Shopify's Investments and acquisitions
Shopify has made 26 investments in companies including Tetradg and Tetra. Shopify has also acquired 21 companies including Tailwind CSS and Ritual.Here is the list of investments & acquisitions:
Filter this list
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 09, 2026 | Acquisition | 2017 | ||
Sep 08, 2025 | Investments | 2013 | - | |
Sep 04, 2025 | Investments | 2019 | Calgary (Canada) |
See all investments and acquisitions by Shopify
Reports related to Shopify
Here is the latest report on Shopify's sector:
News related to Shopify
Media has covered Shopify for a total of 192 events in the last 1 year, 119 of them have been about company updates and 22 about partnerships.
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Cathie Wood's ARK Invest Buys $12.5 Million of Shopify Stock Amidst Price DropWall St.•Nov 04, 2026•Shopify
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Shopify CEO: AI-driven 'delegated purchasing' is the future of e-commerceOttawa Business Journal•Nov 03, 2026•Shopify
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CookieYes Receives 'Built for Shopify' Badge for its Cookie Consent AppEuropa Press•Oct 28, 2026•CookieYes, Shopify
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Lululemon Integrates Shopify's Shop Pay for Enhanced E-commerce Checkout in US and CanadaRetail Technology Innovation Hub•Oct 26, 2026•Lululemon, Shopify
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Shopify Stock Surges 35% in a Month Amid Strong Q2 Revenue Growth and Rising EstimatesWall St.•Oct 21, 2026•Shopify
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AlleyWatch Daily Funding Report: Whop, Qualitate, Asymptote Labs, and Ritually Raise FundsAlleyWatch•Oct 21, 2026•Ritually AI, Shopify, Sequoia Capital
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