M&A Deal Summary

WeCommerce Acquires Clean Canvas

On September 7, 2023, WeCommerce acquired internet software and services company Clean Canvas for 13M USD

Acquisition Highlights
  • This is WeCommerce’s 3rd transaction in the Internet Software and Services sector.
  • This is WeCommerce’s 3rd largest (disclosed) transaction.
  • This is WeCommerce’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-09-07
Target Clean Canvas
Sector Internet Software and Services
Buyer(s) WeCommerce
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Clean Canvas

Surrey, United Kingdom
Clean Canvas is a designer and developer of premium themes which have been leveraged by over 80k Shopify merchants, and will continue to operate as an independent brand following closing. Clean Canvas is based in Surrey, England.

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Buyer(S) 1

Buyer

WeCommerce

Vancouver, British Columbia, Canada

Category Company
Sector Software
Employees93
Revenue 21M CAD (2020)
DESCRIPTION

WeCommerce is a Canadian ecommerce technology holding company that owns a family of companies and brands in the Shopify partner ecosystem, including, Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash and Foursixty. The Company’s primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of SaaS, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants.


DEAL STATS #
Overall 6 of 7
Sector: Internet Software and Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 7
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 KnoCommerce

Salt Lake City, Utah, United States

KnoCommerce is an e-commerce survey and insights platform provider that enables merchants to capture and act on zero-party data collected directly from customers. The company partners with leading brands to help them understand their customers through advanced zero-party data collection and segmentation. Through embeddable surveys and response-driven actions coupled with deep integrations, it helps merchants build up owned customer data and attribute customers to any channel, ensuring each customer can be nurtured throughout the discovery, conversion, and retention lifecycle. KnoCommerce is based in Salt Lake City, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Repeat

Venice, California, United States

Repeat is a retention AI marketing software application serving primarily enterprise e-commerce merchants. Repeat monitors key lifecycle moments to help merchants create personalized campaigns and simplified workflows to improve customer retention. Repeat was formed in 2018 and is based in Venice, California.

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