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Shopify

North America, Ontario, Canada, Ottawa

Description

Shopify Ventures serves as the strategic investment arm of Shopify, the leading cloud-based, multi-channel commerce platform. Established to foster innovation and growth within the broader commerce ecosystem, Shopify Ventures primarily invests in early-stage companies that are building products, services, and infrastructure to empower merchants and enhance the future of online and offline retail. Their investment thesis is deeply aligned with Shopify's mission, seeking out startups that can either integrate with the Shopify platform, offer complementary solutions to its vast merchant base, or develop foundational technologies for the next generation of commerce.

The fund's focus spans a wide range of categories, including merchant tools, marketing and sales solutions, logistics and fulfillment, financial technology, and developer tools. Shopify Ventures typically participates in rounds from Seed to Series B, often co-investing alongside traditional venture capital firms. Their approach is not solely financial; they aim to provide strategic value, offering portfolio companies access to Shopify's extensive network, platform insights, and mentorship from industry experts.

Since its inception, Shopify Ventures has demonstrated significant activity in the startup landscape. By 2022, the fund had invested in over 100 companies, showcasing its commitment to nurturing a robust ecosystem around its core platform. Furthermore, by the same year, Shopify Ventures had deployed over $100 million in capital, underscoring its substantial financial commitment to its portfolio. This strategic investment model helps Shopify identify emerging trends, support promising technologies, and ultimately strengthen its position as a central player in the global commerce industry.

Investor Profile

Shopify has backed more than 20 startups, with 1 new investments in the last 12 months alone. The firm has led 3 rounds, about 15% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on E-Commerce, Software, Brand Marketing.
  • Typical check size: $250K – $7.5M.

Stage Focus

  • Series B (30%)
  • Series C (20%)
  • Series A (20%)
  • Seed (15%)
  • Series Unknown (5%)
  • Series E (5%)
  • Undisclosed (5%)

Country Focus

  • United States (65%)
  • Canada (10%)
  • United Kingdom (10%)
  • Nigeria (5%)
  • Israel (5%)
  • Hong Kong (5%)

Industry Focus

  • E-commerce
  • Software
  • Brand Marketing
  • Fintech
  • Financial Services
  • Cryptocurrency
  • Internet
  • Saas
  • Finance
  • Blockchain
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Shopify frequently co-invest with?

CRV
North America, California, United States, Palo Alto
Co-Investments: 3
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 2
Indicator Ventures
North America, New York, United States, New York
Co-Investments: 2
RiverPark Ventures
North America, New York, United States, New York
Co-Investments: 2
DST Global
Europe, England, United Kingdom, London
Co-Investments: 2
Alven
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Transpose Platform Management
North America, California, United States, San Francisco
Co-Investments: 2
Polygon
Asia, Karnataka, India, Bengaluru
Co-Investments: 2
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 2
Sugar Capital
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does Shopify often collaborate with?

AO
North America, New York, United States, New York
Shared Deals: 1
Shared Deals: 1
BJ
North America, Massachusetts, United States, Boston
Shared Deals: 1
NC
North America, Connecticut, United States, Stamford
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 2
AO
North America, California, United States, San Francisco
Shared Deals: 1
SN
North America, Florida, United States, Miami
Shared Deals: 1
CP
North America, California, United States
Shared Deals: 1
AD
North America, New York, United States, New York
Shared Deals: 1
JJ
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Shopify?

Whalar

London, England, United Kingdom

Whalar is a creator commerce company, helping creators, brands, and social platforms drive growth together.

AdvertisingBrand MarketingContent Creators
UndisclosedMay 16, 2025
Gorgias

San Francisco, California, United States

Gorgias is a multi-channel helpdesk integrated for online and e-commerce merchants.

ComputerCustomer ServiceE-CommerceSoftware
Series CMay 14, 2024
Amount Raised: $29,000,000
Spooler™ est 2016

Laguna Beach, California, United States

Spooler provides technology and digital products to improve the virtual shopping experience for online fashion consumers.

AppsConsultingE-CommerceSoftware
SeedMay 21, 2023
Amount Raised: $288,300
Nomba

Lagos, Lagos, Nigeria

Nomba is a tech company that offers financial software solutions.

BankingElectronicsPaymentsRetail
Series BMay 2, 2023
Amount Raised: $30,000,000
Bonumbit

San Jose, California, United States

Bonumbit integrates blockchain with e-commerce to enhance digital marketplaces.

BlockchainCryptocurrencyFinTech
SeedMar 9, 2023
Amount Raised: $2,000,000
Triple Whale

Jerusalem, Yerushalayim, Israel

Triple Whale is the eCommerce operating system for Shopify brands.

AppsData IntegrationData VisualizationE-CommerceInternet
Series BFeb 2, 2023
Amount Raised: $25,000,000
WalletConnect

Newark, Delaware, United States

WalletConnect is an open source standard for connecting desktop Dapps to mobile wallets using end-to-end encryption by scanning a QR code.

CryptocurrencyEthereumInternet
Series ANov 3, 2022
Amount Raised: $12,500,000
WATI - WhatsApp Team Inbox

Hong Kong, Hong Kong Island, Hong Kong

Shared Team Inbox and Chatbot Builder using WhatsApp Business API

ChatbotMessagingSaaSSoftware
Series BOct 26, 2022
Amount Raised: $23,000,000
thirdweb

San Francisco, California, United States

thirdweb is an end to end developer tool accelerating teams building web3 apps, games, tokens, NFTs, marketplaces, DAOs and more.

BlockchainCryptocurrencyDeveloper PlatformDeveloper ToolsMarketplaceSoftwareWeb AppsWeb DevelopmentWeb3
Series AAug 25, 2022
Amount Raised: $24,000,000
Gorgias

San Francisco, California, United States

Gorgias is a multi-channel helpdesk integrated for online and e-commerce merchants.

ComputerCustomer ServiceE-CommerceSoftware
Series CAug 15, 2022
Amount Raised: $30,000,000