When was Shopify founded?

Shopify was founded in 2004 Learn more about Shopify

Who is Shopify's CEO?

Shopify's CEO is Tobias Lutke View the CEO's ratings

How much revenue does Shopify generate?

Shopify generates $2.9B in revenue View quarterly and annual revenue performance

How much funding does Shopify have?

Shopify has historically raised $323M in funding More about funding for Shopify

Where is Shopify's headquarters?

Shopify's headquarters is in Ottawa Ontario, CA See the address and contact information for Shopify

How many employees does Shopify have?

Shopify has 1,200 employees Learn more about Shopify

What sector does Shopify operate in?

Shopify is in Application Software, E-commerce, Internet Software Learn more about Shopify competitors in Application Software

Who are Shopify's competitors?

Shopify's top competitors are Magento, BigCommerce, WooCommerce View the full list of Shopify competitors

Who has Shopify invested in?

Shopify's has invested in companies such as Swyft, Pipe More about Shopify investments

Overview Competitors Acquisitions Funding News & Insights

Shopify

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

6,883 Followers on Owler

Shopify

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

Co-Founder & CEO

Tobias Lutke

CEO Approval Rating

82/100

Founded:

2004

Status:

PublicIndependent CompanyNYSESHOP

SIC Code:

7372 NAICS listing »

Website:

https://www.shopify.com/

Annual Revenue

Employees

Sector

E-commerce

Headquarters

SHOPIFY TOP COMPETITORS OR ALTERNATIVES

Missing a competitor? Contribute!

The top 10 competitors in Shopify's competitive set are Magento, BigCommerce, WooCommerce, Squarespace, Wix, Weebly, Volusion, PrestaShop, 3dcart, Big Cartel. Together they have raised over 1.7B between their estimated 23.1K employees. Shopify has 1,200 employees and is ranked 3rd among it's top 10 competitors. The top 10 competitors average 1,271.

Magento is perceived as one of Shopify's biggest rivals. Magento was founded in 2008, and is headquartered in Los Angeles, California. Like Shopify, Magento also competes in the Application Software space. Magento generates $2.1B less revenue vs. Shopify.

BigCommerce is a top competitor of Shopify. BigCommerce is a Public company that was founded in 2009 in Austin, Texas. Like Shopify, BigCommerce also works within the Application Software sector. Compared to Shopify, BigCommerce has 387 fewer employees.

WooCommerce is Shopify's #3 rival. WooCommerce is headquartered in San Francisco, California, and was founded in 2008. WooCommerce operates in the Internet Software industry. WooCommerce generates 1.02% the revenue of Shopify.

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Competitor - 1/1

Is Wix a competitor of Shopify?

I don't know

Shopify Quarterly and Annual Revenue

Coming soon for Shopify!

Annual Revenue

$2.9B

Shopify's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 740.7M.

Shopify 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.

+ See more acquisitions

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 $323.0M. Shopify's last funding round was on May 2015 for a total of $131.0M

IPO

May 2015

$131M

Series C

Dec 2013

$100M

Equity

Oct 2013

$70M

Series B

Oct 2011

$15M

Series A

Dec 2010

$7M

Since Shopify was founded in 2004, it has participated in 5 rounds of funding. In total Shopify has raised $323.0M. Shopify's last funding round was on May 2015 for a total of $131.0M

Shopify Investments

Swyft is a Canada-based digital logistics platform that provides same-day delivery and supply chain management solutions for retailers and brands.

$17.5M

Apr 06, 2021

Series A

Pipe is a subscription-based financial platform that provides monthly and annual recurring revenue management solutions for businesses.

$50M

Mar 08, 2021

Growth

These are all the companies that Shopify has invested in. Shopify has invested 8 companies and its latest investment 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 News

See all articles »

May 4, 2021Retail Times

Shopify merchants created more than 112,000 UK jobs in 2020

Global ecommerce firm Shopify has today released new figures from its international Economic Impact R... See more »

May 3, 2021Tamebay

Shopify Capital funded $2 billion for merchants

Since its launch, Shopify Capital has provided $2 billion in funding to thousands of entrepreneurs in... See more »

April 29, 2021LearnBonds

Shopify stock surges as pandemic tailwind keeps lifting revenue

Shopify stock climbed more than 11% in yesterday's stock trading session after the company beat analy... See more »

April 29, 2021Benzinga

'Look For A More Attractive Entry Point'

Shopify Inc (NYSE: SHOP) shares dropped 4.41% Thursday as investors took profits following the compan... See more »

April 29, 2021Seeking Alpha

Don't Throw Caution To The Winds

April 29, 2021Seeking Alpha

More Sustainable Growth Ahead

April 29, 2021Retail Dive

Shopify revenue rises with increased online sales, e-commerce boom

The company expects online sales to subside as the economy opens up, but anticipates business will co... See more »

Shopify Blogs

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December 12, 2020Shopify Blog

The Cost of Being the Boss: What Business Owners Spend in Their First Year

In October, we surveyed over 150 aspirational entrepreneurs in the US and asked them to answer a dec... See more »

December 11, 2020Shopify Blog

Get More Followers and Likes With These 20 Instagram Post Ideas

For many small business owners, there’s no question that they should be building a presence on Insta... See more »

December 9, 2020Shopify Blog

The Founder’s Zodiac: Building Community in Isolation—Advice for Every Sign

How do you make connections in a pandemic? How do you find your people when you can’t physically be n... See more »

December 8, 2020Shopify Blog

The Formula for Building a Cult-Favorite Skincare Line

Julie Clarke wanted to find a natural solution for her eczema, so she invested time into learning ab... See more »

December 4, 2020Shopify Blog

Use These 27 Free Shopify Apps to Manage, Market, and Grow Your Shopify Store

With thousands of apps in the Shopify App Store, you have a lot of options when it comes to extendin... See more »

December 3, 2020Shopify Blog

Last Minute Holiday Shipping and Fulfillment Tips

Stressing over holiday order fulfillment and shipping? You got this. Here are 4 things you can still... See more »

December 3, 2020Shopify Blog

Pajamas with Purpose: This Fashion Brand Creates Opportunities for Those with Disabilities

Jovana Mullins launched her social impact brand in a pandemic, selling dresses to a market that wante... See more »

Shopify Press Releases

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November 15, 2020WebProNews

Shopify Evolving Into World's First Retail Operating System

WebProNews Shopify Evolving Into World's First Retail Operating System Harley Finkelstein, COO of Sho... See more »

November 3, 2020PR Fire

Shopify Plus Partner Selects BPA Platform for eCommerce Integration and Automation Projects

Codeless Platforms today announced that Underwaterpistol, a full-service digital design agency and Sh... See more »

November 3, 2020PR Fire

the new all-in-one solution for your Shopify Store

Dropshipping is a business model that is growing and becoming more and more popular globally, because... See more »

November 2, 2020EIN Presswire

Claymind partners with Shopify to deliver App Development Solutions

Claymind, a software company based in Los Angeles, CA has partnered with Shopify to become a certifie... See more »

August 27, 2020GlobalNewswire

Listrak Joins Shopify Plus Certified App Program

Company Listed Among Elite Group of Partners With Best-In-Class Marketing Cloud Technology Company Li... See more »

July 8, 2020Business Wire

Shopify to Announce Second-Quarter 2020 Financial Results July 29, 2020

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

March 28, 2020freePRnow

Hotlizz Shopify Store Announces New Inventory At Discount Prices

The Distinctive, Inovative Shopify Store, Hotlizz.com... See more »

Shopify Videos

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April 28, 2020Shopify Vimeo Channel

"Email Marketing 101_ April 7, 2020 Compass Workshop" on VIMEO

April 28, 2020Shopify Vimeo Channel