Merchant platform Shopify raises $100 million in Series C funding


Shopify is a Canadian startup company that has raised $100 million in funding. Shopify is a merchant software and services company that helps merchants sell goods online. OMERS Ventures and Insight Venture Partners led this round of funding along with prior investors Bessemer Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures.

Shopify was founded by Tobias Lütke with Daniel Weinand, and Scott Lake. Shopify now has 350 employees and is based in Ottawa. Some of their companies include small startups and ranges all the way up to large public companies like Tesla Motors.

Shopify has plans to go public in the next couple of years. The Series C round will be used on updating their corporate infrastructure for an IPO.

[Source: WSJ]

 

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