Shopify Raises $100 Million to Tackle Offline Commerce

 

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Shopify, an ecommerce platform that helps small merchants set up stores online, announced Thursday that it has raised $100 million in a Series C round of funding to expand into the world of offline retail

Seven years after launching, Shopify now serves as a platform for 80,000 active online stores, which collectively have processed more than $1.5 billion in payments in the year to date. Revenues and customers have doubled year-over-year for the past four years, according to the company. But it's another statistic that is driving the company's direction now: Shopify has found that 30% of its merchants sell items offline as well through pop-up shops, farmers markets and other options. Read more...

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