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How Much Is Shopify Net Worth?

Last updated on October 1, 2022 @ 5:22 pm

Shopify is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.

Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Shopify launched its platform in 2006. Lütke, Weinand, and Lake spent the next two years working on Shopify’s platform and recruiting merchants to use it.

In 2010, Shopify acquired SelectStart which provides technology for small business. The same year, Shopify launched a free mobile app on the Apple App Store.

In 2012, Shopify acquired Jet Cooper, a design studio in Toronto. Jet Cooper designed the initial version of Shopify’s Android app.

In 2015, Shopify announced that it had raised $100 million in Series C funding led by Bessemer Venture Partners and OMERS Ventures. The same year, Shopify acquiredKit CRM, a small customer relationship management software company.

In 2016, Shopify partnered with Amazon to launch Shopify Shipping, which allowed Shopify merchants to purchase and print shipping labels from within their Shopify admin for USPS, UPS, and FedEx.

In 2018, Shopify announced that it had raised $1 billion in Series D funding led by TIGER Global Management at a valuation of $5 billion. The same year, Shopify launchedShopify Pay: a payment gateway that allows customers to save their credit card information and checkout faster on future purchases from any device.

As of 2019, Shopify has over 1 million active users and is reported to have processed more than $155 billion in gross merchandise volume (GMV) through its platform.”

PRO TIP: Warning: The answer to this question is highly variable and depends on a number of factors. Shopify net worth can range from a few thousand dollars to millions, so it’s important to do your research and understand all the variables before making any decisions.

Shopify is currently worth $9 billion as of July 2020.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.