Shopify responsible for $220 Million in sales in past 18 months

by Rob Lewis

Last week Ottawa's Shopify announced they were donating $100,000 to the Acumen Fund to mark they're 5th anniversary.

The Acumen Fund is a nonprofit venture fund that invests in social enterprises, emerging leaders, and breakthrough ideas and will use the donation to support pioneering entrepreneurs who are focused on providing critical services such water, health, housing, and energy in their native countries.

While the generous donation is great news, Techvibes was a little more interested in some of the business milestones that Shopify included in their press release.

Did you know that Shopify's e-commerce platform was responsible for $124 Million in Gross Merchandise Volume in 2010 and rung up $95 Million in the first half of 2011?

And that there are 16,000 stores powered by Shopify in 79 countries around the world that have conducted tens of millions of transactions to date.

Shopify was founded in 2006 and has over 60 employees. In December Shopify announced that they had raised $7 million in Series A funding from Bessemer Venture Partners, FirstMark Capital, and Felicis Ventures. Cha-ching.

Ottawa, Ontario, Canada

Shopify is a leading cloud-based, multichannel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides a merchant with a powerful back-office and a single... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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