Shopify Raises $15 Million in Series B Funding

Today, I'm happy to announce that we have raised $15 million in Series B funding. I'm writing this blog post from my new private yacht cruising the clear blue waters of the... no, just kidding. 

We received the growth investment from Bessemer, FirstMark, Felicis, and Georgian. They're some of the best and most prestigious venture capital firms in the world, and we're pleased to call them partners. If you're the type of person who likes press releases, you can check it out here.

It's probably no surprise that we're growing quickly. We're the fastest growing ecommerce platform in the world. In 2009 we had 20 employees, and by the end of the year we're going to have close to 100. More importantly, we went from only a few million dollars sold to hundreds of millions a year! Seriously, we see every new store that opens up on Shopify and they are without a doubt the best designed, most stylish, and most amazing stores on the web. Not to mention they're selling some of the coolest products, and a lot of them!

Within the coming weeks and months we have some really exciting announcements to make that will shed some light on how we will use the capital. New product features, new apps, themes, partnerships, and even a few surprises. So keep an eye on our blogs, Twitter, and Facebook to keep up to date. I’m especially excited about the $1M Shopify Fund that we are announcing alongside this funding event.

Every day I feel lucky to be a part of this incredible company with such an amazing team of store owners and employees. It’s an exhilarating feeling that I was there to write the first line of code in Shopify and now we are the company that has the best shot at being the first ever market leader in our humble little industry. Thanks so much for supporting Shopify, and you have my word that we'll remain committed to delivering the best ecommerce solution available.



  • Scott Mackenzie
    Scott Mackenzie
    October 17 2011, 08:56AM

    Congrats guys! Keep on keeping on.

  • Sebastian Gräßl
    Sebastian Gräßl
    October 17 2011, 09:21AM

    Awesome! I especially love the $1M fund!
    I know that there are a lot of ideas floating around in peoples heads that would help Shopify and their users.

  • Stuart MacDonald
    Stuart MacDonald
    October 17 2011, 09:31AM

    Congrats Tobi.

  • Scott Lake
    Scott Lake
    October 17 2011, 09:32AM

    Nicely done Tobi!

  • Jason Kealey
    Jason Kealey
    October 17 2011, 09:41AM


  • Sam Tilston
    Sam Tilston
    October 17 2011, 10:11AM

    Congratulations, you’ve done a great job. Shopfy is by far the easiest and most cost effective ecommerce platform for small to medium sized online retailers.

  • Ernesto Tagwerker
    Ernesto Tagwerker
    October 17 2011, 10:14AM

    Congratulations, guys! Keep rocking!

  • Chris Wise
    Chris Wise
    October 17 2011, 10:16AM

    Congratulations Tobi both on the partnership and in general for building a business in Ottawa that provides an alternative for new grads to a future of servitude to the federal gov’t. As an outside observer, it seems you place a value on hiring people not only for their skills but for their intangibles. I’ve met a number of them and appreciate the kind of value their enthusiasm and loyalty must add to the environment.

  • Aydin Mirzaee
    Aydin Mirzaee
    October 17 2011, 10:31AM

    Brilliant! Love it :)

  • Adam Meghji
    Adam Meghji
    October 17 2011, 10:40AM

    Congrats everyone! Shopify rocks, thanks for a great platform, and your awesome OSS contributions.

  • Aaron M
    Aaron M
    October 17 2011, 11:17AM


  • Pete Forde
    Pete Forde
    October 17 2011, 11:36AM

    Congratulations to all involved! I’ve never seen a more deserving group of folks work hard enough to nail a hard problem this well.

    @Disappointed Customer: Your mom left a note on the fridge for you to pick up some cat food on the way home, unless you have some left in the basement beside your mattress.

  • Carly
    October 17 2011, 12:00PM

    Congratulations to Shopify and everyone involved in this successful endeavor and the hard work everyone has put into it.

    I am happy to be here with Shopify and having a front seat view to all the exciting happenings.

  • Rob
    October 17 2011, 12:05PM


  • luglio7
    October 17 2011, 12:10PM

    Congrats. Can’t wait to release my theme :)

  • Evan
    October 17 2011, 12:57PM

    Great news! I’ve been checking out the platform and I’m very impressed to say the least. Make sure the walk throughs of connecting the apps is all current, one I installed wasn’t…thx!

  • Kevin Davis
    Kevin Davis
    October 17 2011, 01:24PM

    Congrats – looking forward to see you guys continue to grow :)

  • Zack C.
    Zack C.
    October 17 2011, 02:28PM

    Great news – congrats!

  • Howard Small
    Howard Small
    October 17 2011, 02:52PM

    Good Job Tobi!!

  • Carrie Afrin
    Carrie Afrin
    October 17 2011, 02:53PM

    Congratulations guys! I just love shopify – I have two stores so far and I’m working on my third. Keep up the good work and can’t wait to hear your announcements…

  • Mark MacLeod
    Mark MacLeod
    October 17 2011, 03:49PM

    Huge news! Congrats to the Shopify team

  • Peter Childs
    Peter Childs
    October 17 2011, 03:51PM

    Congrats Tobi – another recognition of the great work you’re doing!

  • Gotek7
    October 17 2011, 11:26PM

    Great news. Looking forward to having many languages in one shopify account. Keep up the good work.

  • Kamal Hassin
    Kamal Hassin
    October 18 2011, 09:12AM

    Congrats to Tobi and the entire Shopify team!

  • Mike McNulty
    Mike McNulty
    October 18 2011, 09:04PM

    Keep it up Shopify team! Don’t be surprised to find me outside your new office one morning soon holding a 1980’s boombox over my head playing a Peter Gabriel song.

  • Justin Winter
    Justin Winter
    October 19 2011, 10:21AM

    Congratulations for you guys! Definitely an exciting time for you all. I can say selfishly that more rapid development of features and apps is very exciting for us and Diamond Candles!

  • Constantin S. Manta
    Constantin S. Manta
    October 21 2011, 12:01PM

    Congrats! Love the service. Please invest in a zip code based sales tax system :)

  • Mike Potter
    Mike Potter
    October 25 2011, 11:40AM

    Congrats to the team at Shopify. Looking forward to seeing a great Ottawa company grow to a world class market leader.


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