M&A Deal Summary

Shopify Acquires Tictail AB

On November 21, 2018, Shopify acquired e-commerce company Tictail AB

Acquisition Highlights
  • This is Shopify’s 1st transaction in the E-Commerce sector.
  • This is Shopify’s 1st transaction in Sweden.

M&A Deal Summary

Date 2018-11-21
Target Tictail AB
Sector E-Commerce
Buyer(s) Shopify
Deal Type Add-on Acquisition

Target

Tictail AB

Stockholm, Sweden
Tictail AB is an e-commerce platform. Tictail lets users shop for various goods such as clothing or art from small business owners all around the world. Tictail AB was founded in 2012 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Shopify

Ottawa, Ontario, Canada

Category Company
Founded 2004
Sector Internet Software and Services
Employees8,100
Revenue 8.9B USD (2024)
DESCRIPTION

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, Ontario.


DEAL STATS #
Overall 7 of 11
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 10
Country: Sweden M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Tiny Hearts

Toronto, Ontario, Canada

Tiny Hearts Ltd. is a mobile product development studio. Tiny Hearts Ltd. was established in 2010 and is headquartered in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Klaviyo

Boston, Massachusetts, United States

Klaviyo is a SaaS-based data and marketing platform that accelerates growth for companies by enabling them to leverage their owned marketing channels. Serving more than 265,000 companies worldwide, Klaviyo makes it easy to access, store, analyze, and use transactional and behavioral data to power highly targeted email and advertising campaigns. Klaviyo was founded in 2012 and is based in Boston, Massachusetts.

Buy -