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Shopify's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Shopify provides a cloud-based, multi-channel e-commerce solutions for small and medium-sized businesses.

Shopify is head... Read more

Annual Revenue

Employees

Tobias Lutke's photo - Co-Founder & CEO of Shopify

Co-Founder & CEO

Tobias Lutke

CEO Approval Rating

77/100

OVERVIEW

Founded:

2004

Headquarters:

OttawaOntario

Status:

PublicNYSESHOP

Industry Sector:

Application Software

SIC Code:

7372NAICS listing »

Top Competitors or Alternatives

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Trending News for Shopify and Shopify's Competitors

February 21, 2020

CNET

Shopify joins Facebook's controversial Libra cryptocurrency project - CNET

Good news for the Libra Association after several founding members withdrew last year.... See more »

February 21, 2020

3dCart Blog

5 Most Popular Social Media Platforms Explained

Anyone who has worked in digital marketing knows how important social networks are in thi... See more »

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Magento Blog

Learn How to Hold Your Own Speaker Diversity Workshop on Saturday, May 2, 2020

The Magento Community team is often asked how to increase the number of diverse speakers at Magento e... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Magento is perceived as one of Shopify's biggest rivals. Magento was founded in 2008, and is headquartered in Los Angeles, California. Magento is in the Internet Software industry. Magento generates $1.2B less revenue vs. Shopify.

BigCommerce is a top competitor of Shopify. BigCommerce is a Private company that was founded in 2009 in Austin, Texas. Like Shopify, BigCommerce also operates in the Application Software space. Compared to Shopify, BigCommerce has 494 fewer employees.

WooCommerce is Shopify's #3 rival. WooCommerce is headquartered in Cape Town, Western Cape, and was founded in 2008. WooCommerce operates in the Internet Software industry. WooCommerce generates 0.85% the revenue of Shopify.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Tobias Lutke

Co-Founder & CEO

- -
1,200
$322.9M
$1.4B
1

CEO

- -
812
$272.5M
$186.4M
2

Brent Bellm

CEO

73/100
706
$233.7M
$125M
3

CEO

- -
95
- -
$12M
4

Bardia Dejban

CEO

69/100
250
$90M
$40M
5

Alexandre Eruimy

CEO

71/100
220
$13.6M
$19M
6

Anthony Casalena

Founder & CEO

77/100
1,000
$278.5M
$400M
7

Avishai Abrahami

Co-Founder & CEO

79/100
1,067
$127M
$679.5M
8

Gonzalo Gil

Founder & CEO

76/100
100
- -
$20M
9

Matt Wigham

Co-Founder & CEO

80/100
74
- -
$6M
10

Dan Veltri

Co-Founder

82/100
350
$39.8M
$32M
The top 10 competitors in Shopify's competitive set are Magento, BigCommerce, WooCommerce, Volusion, PrestaShop, Squarespace, Wix, 3dcart, Big Cartel and Weebly. Together they have raised over 1.1B between their estimated 6.1K employees. Shopify has 1,200 employees and is ranked 1st among it's top 10 competitors. The top 10 competitors average 534.

Quarterly and Annual Revenue

Coming soon for Shopify!

Annual Revenue

$1.4B

Shopify's revenue is the ranked 1st among it's top 10 competitors. The top 10 competitors average 267M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
6 River Systems, Inc.

Sep 2019

Source »
$450M
6 River Systems is a warehouse automation company that designs and develops mobile robotic systems for logistics and retailer sectors.
Handshake Corp.

May 2019

Source »
undisclosed
Handshake is a B2B eCommerce platform that offers mobile order entry and inventory management solutions for manufacturers and retailers.
Tictail AB

Nov 2018

Source »
undisclosed
Tictail is a social e-commerce platform that helps retailers to discover and engage with brands.
Solutions Alveo, Inc.

Jun 2018

Source »
undisclosed
Return Magic develops a return management software that allows retailers to manage returns, auto-generating labels, refunds and emails.
Tiny Hearts

Dec 2016

Source »
undisclosed
Tiny Hearts develop mobile applications and games for businesses such as next keyboard, wak and quick fit.

These are all the companies that Shopify has acquired. Shopify has acquired 8 companies and its latest acquisition was 6 River Systems, Inc. in Sep 2019. 6 River Systems is a warehouse automation company that designs and develops mobile robotic systems for logistics and retailer sectors.

Shopify Funding History

Since Shopify was founded in 2004, it has participated in 5 rounds of funding. In total Shopify has raised $322.9M. Shopify's last funding round was on May 2015 for a total of $130.9M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
May 2015
$130.9M
-
Series C
Dec 2013
$100M
Equity
Oct 2013
$70M
-
Series B
Oct 2011
$15M
Series A
Dec 2010
$7M

Bessemer Venture Partners

Total Funding: $322.9M

Since Shopify was founded in 2004, it has participated in 5 rounds of funding. In total Shopify has raised $322.9M. Shopify's last funding round was on May 2015 for a total of $130.9M

Investments

No recent investments found related to Shopify

Shopify News

February 19, 2020Tamebay

Shopify launches monthly guidance series, The Founder's Zodiac

Shopify have just announced the launch of a monthly series called The Founder's Zodiac but it's nothi... See more »
February 18, 2020Seeking Alpha

Growth Rate Slows Down, No Upside Left, Avoid Now

See more »
February 18, 2020The Business of Fashion

Data-Driven Insights from Shopify's One Million Retailers

Equipped with a data set informed by over 1 million retail partners, Shopify Plus identifies the grea... See more »
February 14, 2020Investor’s Business Daily

Weekly Review

The stock market continued to hit fresh highs this past week, with Nvidia, Dexcom, Applied Materials ... See more »
February 14, 2020Seeking Alpha

When Will It End?

See more »
February 14, 2020Seeking Alpha

You Buy Shopify; I'll Buy Methanex

See more »
February 14, 2020Digital Agency Network

Best Shopify Agencies to Boost Your ROI

Shopify agencies help you to create your website on Shopify for your online store. While doing that, ... See more »

Shopify Blogs

February 7, 2020Shopify Blog

Home Business Ideas: 8 Ways to Start a Work-From-Home Business

When you think of owning and operating a business, you might think about renting commercial real est... See more »
February 6, 2020Shopify Blog

Make Money from Music: 6 Ways for Artists to Monetize Online

Making money from music isn’t easy, but it's possible. Today, forward-thinking musicians are setting... See more »
February 5, 2020Shopify Blog

Partners: Their Love Migrated from the Dance Floor to a Fair-Trade Foods Business

In this heartfelt and candid series, Partners—in Business and Bed, couples discuss the good, the ba... See more »
February 4, 2020Shopify Blog

From Class Project to Kickstarter to Shark Tank

Friends Logan LaMance, Ryan Frazier, Teddy Giard, Austin Maxwell, and Kyle Self got the inspiration... See more »
January 29, 2020Shopify Blog

How Tokyobike Synced Their Storefronts and Doubled Sales

After 12 years of being a strictly brick-and-mortar operation, tokyobike found that moving online wa... See more »
January 29, 2020Shopify Blog

Unified Commerce: An Introduction to the Next Generation of Retail

With a unified commerce platform, businesses can effectively sync their online store and in-person s... See more »
January 28, 2020Shopify Blog

The Business of Planners: How to Create Products and Return Customers

Jessica Yasuda loved using planners but she wasn't able to find ideal refills for her notebooks, so ... See more »

Shopify Press Releases

January 22, 2020Business Wire

Shopify to Announce Fourth-Quarter 2019 Financial Results February 12, 2020

OTTAWA, Ontario--(BUSINESS WIRE)--Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce compa... See more »
January 2, 2020StreetInsider

9 Shopify Tips to Learn Before You Start Selling

...... See more »
December 12, 2019University Chronicle

New App on Shopify App Store Ignites More Return Visits and Higher Spending from High-Value Customers

Retail and e-commerce merchants using the Shopify POS now have a powerful new app to quickly increase... See more »
November 12, 2019PRWIRE

Digivizer Joins Shopify Partner Program To Help On-line Retail Businesses Grow

Sydney, 12 November 2019: Digivizer has joined the global online platform Shopify, as part of the Sho... See more »
October 31, 2019Korea Newswire

Now Powering Over 1 Million Merchants, Shopify Debuts Global Economic Impact Report

Shopify Inc. (NYSE:SHOP) (TSX:SHOP), the leading global commerce company, today released its first gl... See more »
October 29, 2019Business Wire

Shopify Announces Third-Quarter 2019 Financial Results

OTTAWA, Ontario--(BUSINESS WIRE)--Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce compa... See more »
August 27, 2019University Chronicle

SavvyCube brings multi-store ecommerce analytics and reporting to Shopify merchants

SavvyCube adds support for Shopify and releases official SavvyCube connector app on the Shopify app s... See more »

Shopify Videos

March 29, 2019Shopify Youtube Channel

"From Natural Hair Braiding to a Civil Rights Movement in Mississippi" on YOUTUBE

See more »
March 5, 2019Shopify Youtube Channel

"This Company Is Driving Plastic Straws to Extinction" on YOUTUBE

See more »
February 1, 2019Shopify Youtube Channel

"Find Out How Kyoto Is Keeping Japanese Tradition Alive" on YOUTUBE

See more »
January 16, 2019Shopify Youtube Channel

"This Couple Packed Up Their Life in Toronto to Start a Winery" on YOUTUBE

See more »
July 26, 2017Shopify Youtube Channel

"Marie Forleo - Build a BIGGER Business - Mentor Series" on YOUTUBE

See more »
October 13, 2016Shopify Vimeo Channel

"Black Friday / Cyber Monday : Email Marketing Tips & Strategies w/ Corey Ferreira" on VIMEO

Don't neglect email marketing this Black Friday! You'll learn how build a massive list in time for yo... See more »
September 22, 2016Shopify Vimeo Channel

"Kit for Shopify" on VIMEO

Made by Shopify Studio.Cast: Shopify, Stuart Langfield, Marco Patricio, jennifer mackie, Alexandra Mi... See more »

Social Statistics

Headquarters

150 Elgin Street 8th Floor

Ottawa, OntarioK2P 1L4

613-241-2828

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Shopify, Inc. (NYSE: SHOP) develops eCommerce website solutions. It was founded by Daniel Weinand and Tobias Lütke in 2004 and headquartered in Ottawa, Ontario, Canada with 780 employees working in four offices across the counts. It was formerly known...

CEO

Shopify's Co-Founder & CEO, Tobias Lutke, currently has an approval rating of 77%. Shopify's primary competitors are Magento, BigCommerce & WooCommerce.

Website

shopify.com

Frequently Asked Questions about Shopify

  1. When was Shopify founded?

    Shopify was founded in 2004

  2. Who is Shopify's CEO?

    Shopify's CEO is Tobias Lutke

  3. How much revenue does Shopify generate?

    Shopify generates $1.4B in revenue

  4. How much funding does Shopify have?

    Shopify has historically raised $322.9M in funding

  1. Where is Shopify's headquarters?

    Shopify's headquarters is in Ottawa Ontario, CA

  2. How many employees does Shopify have?

    Shopify has 1,200 employees

  3. What sector does Shopify operate in?

    Shopify is in Application Software

  4. Who are Shopify's competitors?

    Shopify's top competitors are Magento, BigCommerce, WooCommerce
Stay up-to-date with the latest news on Shopify