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How Much of Shopify Does Tobias Own?

Last updated on October 1, 2022 @ 4:36 pm

Tobias Lütke is the co-founder and CEO of Shopify, an e-commerce platform that allows businesses of all sizes to create an online store. He is also a major shareholder in the company, owning approximately 35% of the shares outstanding.

Lütke was born in Germany in 1978 and moved to Canada with his family when he was 16. He dropped out of college after one semester and taught himself how to code.

In 2004, he co-founded Snowdevil, an online snowboard equipment retailer. The company was sold in 2008.

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In 2006, Lütke and his business partner Scott Lake launched Shopify, inspired by their frustrations with existing e-commerce platforms. Shopify was initially self-funded, but raised $5 million in seed funding from Bessemer Venture Partners in 2010. The company has since raised over $1 billion from investors including Sequoia Capital, Khosla Ventures, and Goldman Sachs.

Today, Shopify powers over 1 million businesses in 175 countries and is one of the most popular e-commerce platforms on the market. Lütke remains CEO of the company and is its largest shareholder, with approximately 35% of the shares outstanding.

How Much of Shopify Does Tobias Own?

Tobias Lütke is the co-founder and CEO of Shopify, an e-commerce platform that allows businesses of all sizes to create an online store.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.