Shopify, which was founded in 2006 and has 60,000 SME users of its entry level ecommerce store platform, has announced the closing of a $100 million Series C invsetment round. This new round of funding led by OMERS Ventures and Insight Venture Partners, with participation from Bessemer Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures, will enable the business to expand its new EPOS offering.
“Shopify began as an easy way to sell products online. We used our previous funding rounds to expand into new areas that enriched our product and helped our merchants., like payments and mobile, ” said Tobias Lutke, founder & CEO, Shopify. “This new round of funding will help us further expand into physical retail with Shopify POS, so our merchants can easily sell their products anywhere at any time.”
The Shopify platform is used in 100 countries, including the UK.
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