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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

76/100

OVERVIEW

Founded:

2004

Headquarters:

Ottawa, Ontario

Status:

PublicNYSESHOP

Industry Sector:

Application Software

SIC Code:

7372NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is Volusion a competitor of Shopify?

I don't know

Trending News for Shopify and Shopify's Competitors

April 2, 2020

Reuters

Shopify suspends 2020 outlook on coronavirus worries

Canadian e-commerce company Shopify Inc on Wednesday suspended its forecast for 2020, blaming uncerta... See more »

April 1, 2020

PrestaShop Blog

Quick-Guide: Regulations for ecommerce and legislation in the EU

If you are running a cross-border web shop in Europe, it is important that you be aware of the regula... See more »

April 1, 2020

3dCart Blog

Why Every Blog Needs a Conclusion & How to Write One Yourself

Coming up with fresh content ideas and finally putting those concepts to paper via a blog... 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

- -
150
- -
$12M
4

Bardia Dejban

CEO

70/100
250
$90M
$40M
5

Alexandre Eruimy

CEO

69/100
220
$13.6M
$19M
6

Anthony Casalena

Founder & CEO

70/100
1,143
$278.5M
$400M
7

Avishai Abrahami

Co-Founder & CEO

73/100
1,067
$127M
$727.8M
8

Gonzalo Gil

Founder & CEO

69/100
100
- -
$20M
9

Matt Wigham

Co-Founder & CEO

79/100
74
- -
$6M
10

Dan Veltri

Co-Founder

84/100
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 6.3K employees. Shopify has 1,200 employees and is ranked 1st among it's top 10 competitors. The top 10 competitors average 552.

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 271.4M.

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

April 2, 2020CNBC

Shopify shares fall as much as 13% after it suspends 2020 guidance due to coronavirus disruptions

Shopify suspended its full year 2020 guidance due to growing disruptions from the coronavirus pandemi... See more »
April 2, 2020RTTNews

Shopify Falls 8% After Suspending FY20 Outlook

Shares of Shopify Inc. (SHOP) are losing more than 8 percent in Thursday's trading at $353.58. The sh... See more »
April 2, 2020Seeking Alpha

The Risks Far Outweigh The Benefits Of COVID-19

See more »
April 2, 2020Ecommerce News

Ebay cooperates with Shopify

From now on, Shopify retailers in Germany can now set up and sell their products directly on eBay fro... See more »
April 2, 202024/7 Wall St.

Shopify Down But Not Abandoned by Its Analysts

See more »
April 1, 2020USA Science News

Shopify suspends guidance, indicates it banned thousands of users for COVID-19 profiteering

Throughout the month of March, Shopify has been making moves to help support the million merchants wh... See more »
April 1, 2020MarketScreener

Provides Business Update Relating to COVID-19

(marketscreener.com) First-Quarter 2020 Financial Results to be Issued on May 6, 2020 Ottawa, Canada ... See more »

Shopify Blogs

March 27, 2020Shopify Blog

Meet 6 Independent Businesses Responding to Crisis with Compassion

Now shouldering the burdens of closed storefronts and unpaid bills, independent businesses, a group ... See more »
March 24, 2020Shopify Blog

Stay Home, Shop Small: Get Handpicked Product Recommendations from Independent Businesses

There are ways that we, as a global community, can secure the futures of our local small businesses ... See more »
March 18, 2020Shopify Blog

Gift Card Support Is Now Available on All Plans to Help Small Businesses

Shopify is steadfast in our support of small businesses during these challenging times, and we're a... See more »
March 17, 2020Shopify Blog

Short-Term Revenue Strategies for Brick-and-Mortar Retailers Navigating COVID-19

As retailers are forced to close their doors to combat further COVID-19 outbreak, one of the biggest... See more »
March 17, 2020Shopify Blog

12 Ways We Can All Support Small Businesses (Even While Social Distancing)

While the need to help the independent business community is most immediately obvious, the benefits ... See more »
March 16, 2020Shopify Blog

Bring Product Pages to Life with Built-In Support for 3D Models and Video

Now you can upload a 3D model or video directly to your product pages on Shopify as easily as an ima... See more »
March 15, 2020Shopify Blog

Quickstart Guide: How to Start Selling Online With Local Delivery

If you've had to close up shop, there are ways you can sell your products and stay in touch with cus... See more »

Shopify Press Releases

February 12, 2020Business Wire

Shopify Announces Fourth-Quarter and Full-Year 2019 Financial Results

OTTAWA, Ontario--(BUSINESS WIRE)--Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a leading global commerce compa... See more »
February 4, 2020ReleaseWire

Shopify's Newest Sales Channel, BON2tv Features Interactive Video Experiences and Is Just $33 Per Year for Vendors

Miami, FL -- (ReleaseWire) -- 02/04/2020 -- Shopify has yet another surprise for those that are an eC... See more »
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 »

Shopify Videos

October 22, 2019Shopify Youtube Channel

"Is She A Travel Agent or Fashion Designer? | Guess My Hustle Ep.2" on YOUTUBE

See more »
August 15, 2019Shopify Youtube Channel

"Alan Learns How to Taxidermy A Rat" on YOUTUBE

See more »
July 11, 2019Shopify Vimeo Channel

"Benvenuto su Shopify" on VIMEO

Cast: Shopify Webinars... See more »
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 »

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 76%. 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