Shopify

Reviewed ipo Updated Mar 19, 2026

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Location Ottawa, Ontario, Canada
Founded 2006
Latest Stage IPO
Total Raised $122M
Website https://www.shopify.com
Sector
e-commerce saas developer-tools

Investors

Trevor Oelschig Growth (2012)
Mala Gaonkar Technology/E-commerce (2025)
Brad Gerstner 2025 (2025)
Ram Parameswaran 2025 (2025)
Jeremy Levine Early (2013)
Alex Ferrara Series A (2010)
Aydin Senkut 2013 (2013)
Y Combinator Series A (2010)
General Catalyst Growth (2012)
surgocap-partners Technology/E-commerce (2025)
Altimeter Capital 2025 (2025)
Octahedron Capital 2025 (2025)
Bessemer Venture Partners Early (2013)
felicis 2013 (2013)

Founders

Tobias Lutke CEO & Co-Founder
Daniel Weinand Co-Founder
Scott Lake Co-Founder

About

Shopify is an e-commerce platform that enables merchants to set up online stores. The company was founded in 2006 by Tobias Lutke, Daniel Weinand, and Scott Lake in Ottawa, Canada, after Lutke and Lake experienced frustration with existing e-commerce platforms while running their online snowboard store, Snowdevil 12. Shopify went public on the New York Stock Exchange and Toronto Stock Exchange in May 2015 at $17 per share, closing above $28 on its first day of trading 1. The company raised a total of $122 million across its private funding rounds 3.

Funding History

Round Date Amount Lead Investor(s) Key Co-Investors Valuation
Series A 2010-12-13 $7M Bessemer Venture Partners FirstMark Capital, Felicis Ventures $20M pre-money 47
Series B 2011-10-17 $15M Bessemer Venture Partners FirstMark Capital, Felicis Ventures, Georgian Partners $75M pre-money 5
Series C 2013-12-12 $100M OMERS Ventures, Insight Venture Partners Bessemer Venture Partners, FirstMark Capital, Georgian Partners, Felicis Ventures ~$1B 68
IPO 2015-05-21 $131M — NYSE: SHOP, TSX: SH $1.27B 910

Sources: 12345678910

What Investors Say

Alex Ferrara (Bessemer Venture Partners): “Shopify has developed a breakthrough SaaS platform that makes it incredibly simple for retailers to create truly standout, easy-to-launch businesses online” 4.

What Founders Say

Tobias Lutke (CEO): “While we are already profitable, the support gives us additional resources to improve our products and add value for our users” 4.

Sources

  1. HulkApps, “Shopify Venture Capital History,” accessed March 2026. https://www.hulkapps.com/blogs/shopify-hub/shopify-venture-capital-history↩↩↩

  2. Shopify Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Shopify↩↩

  3. Tracxn, “Shopify - 2026 Company Profile, Funding & Investors,” accessed March 2026. https://tracxn.com/d/companies/shopify/__NNWgXlWtRBr7FVe-BI1BiwMHs246IPF8HlqlcE5kZno↩↩

  4. Shopify News, “Shopify Announces $7 Million Series A Funding,” December 13, 2010. https://www.shopify.com/news/shopify-announces-7-million-series-a-funding↩↩↩↩

  5. Shopify News, “Shopify Announces $15 Million Series B Funding,” October 17, 2011. https://shopifyinvestors.com/media-center/news-details/2011/Shopify-Announces-15-Million-Series-B-Funding/default.aspx↩↩

  6. Shopify News, “Shopify Announces $100 Million Funding,” December 12, 2013. https://www.shopify.com/news/shopify-announces-100-million-funding↩↩

  7. Bessemer Venture Partners, “Shopify Investment Memo” (Series A, $5M at $20M pre-money), accessed April 2026. https://www.bvp.com/memos/shopify↩↩

  8. TechCrunch, “Shopify Raises $100M To Drop The ‘E’ And Become The Commerce Company That Spans On- And Offline,” December 11, 2013. https://techcrunch.com/2013/12/11/shopify-100-million-series-c/↩↩

  9. Fortune, “Shopify prices IPO at $17, valuing the company at $1.27 billion,” May 20, 2015. https://fortune.com/2015/05/20/shopify-ipo-pricing/↩↩

  10. Bloomberg, “Shopify Surges in Debut After Larger Than Expected IPO,” May 20, 2015. https://www.bloomberg.com/news/articles/2015-05-20/shopify-raises-131-million-pricing-ipo-above-increased-range↩↩