Shopify Closes $15M Series B Funding

Published On October 17, 2011 |

Shopify, an Ottawa, Canada-based ecommerce platform used to create and power online stores, has closed a $15m Series B funding.

Backers include Bessemer Venture Partners, FirstMark Capital, Felicis Ventures, and Georgian Partners.

The company intends to use the funding, which adds to the $7m Series A round received last year (read here), to hire developers and designers (www.shopify.com/careers), sign strategic partnerships and make acquisitions.
In addition, Shopify has launched a $1m fund to provide seed funding to developers looking to build apps that integrate with its platform.

Launched in 2006 and led by CEO Tobias Lutke, Shopify allows individuals, entrepreneurs, and businesses to setup and power their online stores. It is currently used by over 15,000 active online stores in 80 countries.

Customers include Angry Birds, General Electric, Tata, Tesla Motors, Amnesty International, DODOcase, CrossFit, Evisu, LMFAO, Beastie Boys, and The Foo Fighters.,

The company currently employs 70 people.

FinSMEs

17/10/2011

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One Response to Shopify Closes $15M Series B Funding

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