Shopify Raises $7 Million From Bessemer, FirstMark, and Felicis

Shopify is a software company that helps retailers create online stores. The Ottawa, Canada based company has raised $7 million in funding from Bessemer Venture Partners, FirstMark Capital, and Felicis Ventures. “While we are already profitable, the support gives us additional resources to improve our products and add value for our users,” stated the Shopify CEO and co-founder Tobias Lutke. “Our mission continues to be to make it as easy as possible for retailers of all sizes to start and run a business online.” The Shopify “app store” processes over $100 million per year from clients that include GE, Tesla, and Amnesty International. [Financial Post]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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