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How Much Is Shopify Company Worth?

Last updated on January 9, 2023 @ 6:23 pm

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.

Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke used the open source web application Framework to build Snowdevil’s online store, and then launched Shopify in 2006.

Weinand and Lake eventually left Snowdevil, and focused on Shopify instead.

Shopify raised $100 million in May 2015 at a valuation of $1.0 billion. In December 2015, Shopify acquired Boltmade.

In March 2016, Shopify acquired Kit CRM Inc. In April 2016, Shopify signed a lease for office space in the MaRS Discovery District in Toronto.

In August 2019, The Wall Street Journal reported that Shopify was valued at $15 billion after its latest funding round.

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Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.