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 5,600M USD for 2022 and 4,612M USD for 2021.

How many employees does Shopify have?

Shopify has 7,000 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.

150 Elgin Street 8th 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 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 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

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

7,000

Established

2004

Public

NYSE: SHOP

Former Name

Jaded Pixel Technologies Inc.

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