Shopify - M&A Summary and Business Overview

Internet Software And ServicesCompany

Shopify M&A Summary

Shopify has acquired 11 companies, including 4 in the last 5 years. It has also divested 2 assets.

Shopify’s largest acquisition to date was in 2022, when it acquired Deliverr for $2.1B. Shopify has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include software (46%) and internet software and services (37%).

Shopify Business Overview

Where is Shopify headquartered?

Shopify is headquartered in Ottawa, Ontario.

What is Shopify’s revenue?

Shopify disclosed revenue of 7,060M USD for 2023 and 5,600M USD for 2022.

How many employees does Shopify have?

Shopify has 8,300 employees.

What sector is Shopify in?

Shopify is an internet software and services company.

When was Shopify founded?

Shopify was founded in 2004.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity11
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2

Shopify

Shopify, Inc.

151 O'Connor Street Ground floor,
Ottawa, Ontario K2P 1L4
Canada,
(613) 241-2828
www.shopify.com

Shopify is a provider of e-commerce software tools and solutions for small to large sized companies globally. Shopify was founded in 2004 and is based in Ottawa, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 10 - - 1 - - 11
vol $450M $2.1B $2.6B
Sell (0.4/yr) # - - - - 2 - 2
  13

Most Recent M&A

Company Date Value Type
Klaviyo, Inc. 2023-09-20 - IPO
Boston, Massachusetts · www.klaviyo.com
Shopify Logistics 2023-05-04 - Divestiture
Ottawa, Ontario
Deliverr, Inc. 2022-05-05 2.1B USD Add-on Acquisition
San Francisco, California · www.deliverr.com
6 River Systems, Inc. 2019-09-09 450M USD Add-on Acquisition
Waltham, Massachusetts · www.6river.com
Handshake Corp. 2019-05-24 - Add-on Acquisition
New York, New York · www.handshake.com
Klaviyo, Inc. 2019-04-08 - Growth Capital
Boston, Massachusetts · www.klaviyo.com
Tictail AB 2018-11-21 - Add-on Acquisition
Stockholm, Sweden · www.tictail.com
Tiny Hearts Ltd. 2016-12-05 - Add-on Acquisition
Toronto, Ontario · www.tinyhearts.com
Boltmade, Inc. 2016-10-03 - Add-on Acquisition
Waterloo, Ontario · www.boltmade.com
Kit CRM, Inc. 2016-04-13 - Add-on Acquisition
San Francisco, California · www.kitcrm.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 5 (45%) - - -
Internet Software and Services 4 (36%) 2.1B (82%) 1 (50%) -
E-Commerce 1 (9%) - - -
Manufacturing 1 (9%) 450M (18%) - -
Transportation - - 1 (50%) -
Total 11 $2.6B 2 -

By Geo

State/Country Buy Value Sell Value
United States 6 2.6B 1 -
  Massachusetts 2 450M 1 -
  California 2 2.1B - -
  Tennessee 1 - - -
  New York 1 - - -
Canada 4 - 1 -
  Ontario 4 - 1 -
Sweden 1 - - -
Domestic 4 (36%) - 1 (50%) -
Cross-border 7 (64%) 2.6B (100%) 1 (50%) -
Total 11 $2.6B 2 -

Deal Values

buy # Total
> $1B 1 $2.1B
$100M to $1B 1 $450M
TOTAL $2.6B
Largest Deliverr, Inc.
$2.1B (2022-05-05)

M&A Connections

Deals
Divested to
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Internet Software and Services

Revenue

7,060   27% 2023
5,600   22% 2022
4,612   58% 2021
2,929   86% 2020
1,578   48% 2019
1,073   60% 2018
673   74% 2017
389   90% 2016
205   96% 2015
105   2014
(millions of USD) Show More Show Less

Employees

8,300

Established

2004

Public

NYSE: SHOP

Former Name

Jaded Pixel Technologies Inc.

 Subscribe to unlock this and 209,180
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 202K M&A Transactions
  • 205K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Shopify

Ontario Companies , Internet Software and Services Companies , Canada Companies , Ontario Internet Software and Services Companies , Ontario Internet Software and Services with Acquisitions , Ontario Internet Software and Services with Divestitures

Related Lists for Ontario Companies

Largest Ontario Companies , Acquisitive Ontario Companies , Recently Acquired Ontario Companies , Recently Sold Ontario Companies , Private Ontario Companies , Public Ontario Companies , Acquired Ontario Companies , PE Backed Ontario Companies

Related Lists for Internet Software and Services Companies

Largest Internet Software and Services Companies , Acquisitive Internet Software and Services Companies , Recently Acquired Internet Software and Services Companies , Recently Sold Internet Software and Services Companies , Private Internet Software and Services Companies , Public Internet Software and Services Companies , Acquired Internet Software and Services Companies , PE Backed Internet Software and Services Companies

Related Lists for Canada Companies

Largest Canada Companies , Acquisitive Canada Companies , Recently Acquired Canada Companies , Recently Sold Canada Companies , Private Canada Companies , Public Canada Companies , Acquired Canada Companies , PE Backed Canada Companies
Mergr

Product

Company

Legal