Ottawa · Seed–Growth · 7 people tracked
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Investment thesis
Shopify is an all-in-one commerce platform that enables businesses to build online stores, sell across multiple channels including in-person, social, and AI-powered channels, and manage payments, shipping, and operations. It is not a venture capital or investment firm.
Source: firm website, verified Sep 26, 2026.
Team · 7 people
from curated & public directoriesFounder mafia
The Shopify mafia →67 people who came through Shopify went on to found or lead other companies.
What they invest in
from 27 of 32 portfolio companiesSaaS ×13AI & Machine Learning ×12Data & Infrastructure ×8Developer Tools ×8Enterprise Software ×8Fintech ×6Crypto & Web3 ×4E-commerce ×4
HQs:United States×15France×1South Korea×1Nigeria×1
Investments · 32 tracked
founders shown can be your intro pathBy year:2026 · 52025 · 42024 · 22023 · 22022 · 102021 · 326 dated
Klaviyo is an AI-powered CRM platform for B2C brands that integrates customer data, marketing automation, customer service, and analytics in a unified solution.
AI & Machine LearningDirect to ConsumerMarketing TechSaaSBoston, US
Andrew Bialecki(Founder)inEd Hallen(Founder)inBenjamin Cook(Executive Officer)inLandon Edmond(Executive Officer)inChano Fernandez(Co-CEO)in
BoardMichael Medici(Director)in
Co-investors515 VenturesAccelAvenir Growth CapitalCross Creek AdvisorsGlynn Capital ManagementHarmony Partners+10 more
Gorgias offers a voice/phone support product that centralizes calls, emails, and SMS into one helpdesk, with features like interactive voice response, call routing, and transfers.
AI & Machine LearningE-commerceMarketing TechSaaS
Romain Lapeyre(Founder)in
Co-investorsKima VenturesAlvenCRV (Charles River Ventures)GreycroftSaaStr FundSapphire Ventures+1 more
Triple Whale is an intelligence platform for ecommerce brands that unifies marketing attribution, marketing mix modeling, and incrementality measurement, with an AI assistant that analyzes real-time data and takes media-buying actions.
AI & Machine LearningData & InfrastructureE-commerceMarketing TechColumbus, US
Cherniv Ivan(Chief Technology Officer)Orbach Avraham(Secretary & CEO)Maxx Blank(Founder)inAJ OrbachinIvan Chernykhin
Co-investorsGround Up VenturesNFXElephant Partners
Travel planning app with bingeable and actionable travel content.
Co-investorsSandalphon CapitalCorazon Capital
Alan provides health insurance, provident insurance (prévoyance) and prevention services for self-employed individuals, companies of all sizes, retirees, and public-sector workers, combining coverage with a digital app for reimbursements, telehealth consultations (Clinique Alan), and wellness features.
Digital HealthHealthtechHR TechInsurTechParis, FR
Charles Gorintin(Founder)inJean-Charles Samuelian-Werve(Founder)inJean-Charles Samuelian(Founder)
Co-investorsAgoranovCoatue ManagementCreative Destruction Lab (CDL)Index VenturesKima VenturesOrigins+13 more
Codat provides APIs and data products that connect to accounting, banking, ERP, and commerce platforms, turning that data into standardized integrations and forward-looking insights.
Data & InfrastructureDeveloper ToolsFintech
Peter Lord(Founder)inDavid Hoare(Founder)
Co-investorsAcequia Capital (AceCap)Canapi VenturesIndex VenturesJude GomilaAmerican Express Ventures (Amex)JP Morgan Chase+1 more
Crstl provides an API and application platform that integrates EDI (Electronic Data Interchange) standards into warehouse management systems, helping logistics and fulfillment software vendors eliminate compliance complexity and chargebacks.
AI & Machine LearningB2B MarketplacesEnterprise SoftwareLogistics & Supply ChainRetail TechSaaS
Dipti Desai(Founder)in
Co-investorsAlumni VenturesCohen CircleMastryMensch Capital PartnersMosaic General Partnership, LLC
Disco, formerly Co-op Commerce, runs a shared network that lets direct-to-consumer brands cut customer acquisition costs together.
Conner Sherline(Founder)inCandice Faktor(Founder)Chris Sukornyk(Founder)
Co-investorsFelicis VenturesGround Up VenturesSuperangelSuperAngel.FundBessemer Venture PartnersFusion VC+9 more
Disco is a platform for building branded learning academies that combine AI tools, course creation, and community features into one experience.
AI & Machine LearningEdTechSaaS
Candice Faktor(Co-founder)Chris Sukornyk(Co-founder)in
Co-investorsGarage CapitalGolden VenturesGSV VenturesInovia CapitalMantella Venture PartnersBessemer Venture Partners+6 more
Disco is a US company that makes a real-time employee recognition tool.
HR Tech
Justin Vandehey
Co-investors500 GlobalInventus Capital PartnersBessemer Venture PartnersFelicis VenturesIndicator VenturesLiveOak Ventures+3 more
DISCO offers a file management platform designed specifically for music and media teams to organize, catalog, and distribute music files across digital streaming platforms.
Creator EconomyEnterprise SoftwareMarketing TechMedia & EntertainmentSaaS
Co-investorsBridford Investments (Bridford Group)Bessemer Venture PartnersFelicis VenturesIndicator VenturesLiveOak VenturesRiverPark Ventures+2 more
Exa is an AI-powered search API that retrieves high-quality information from the web in real-time, designed for AI agents, developers, and applications that require precise natural-language search capabilities.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
William Bryk(CEO)inJeffrey Wang(Founder)inWalden Yan(Co-Founder)Marcus Holm(Chief Revenue Officer)inDan McArdle(Founder)Jeff Wang(Founder)
Co-investors137 Ventures49 Palms VenturesAndreessen HorowitzFelicis VenturesHaystackHelium-3 Ventures+29 more
Flexport provides an AI-driven platform for global supply chain management, offering logistics visibility, customs brokerage, and freight optimization for companies shipping goods internationally.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Ryan Petersen(CEO)inRyan Peterson(Executive Officer, Director)Sanne Manders(Executive Officer)inChristopher Ferro(Executive Officer)Sudhanshu Priyadarshi(Executive Officer)inDavid C. Petersen(Founder)in
Co-investors137 Ventures1435 Capital3Spoke Capital8VCAcequia Capital (AceCap)Adit Ventures Management, Llc+70 more
Foxglove builds observability tooling and open-source software for robotics engineers to accelerate development and deployment.
Data & InfrastructureDeveloper ToolsRoboticsSan Francisco, US
Adrian Macneil(Founder)inRoman Shtylman(Founder)in
BoardSeth Winterroth(Director)inAlexandra Sukin(Director)in
Co-investorsAmplify PartnersBessemer Venture PartnersPathbreaker VenturesEclipseEclipse Ventures
Gorgias provides a helpdesk platform for customer support agents, serving e-commerce merchants and brands.
AI & Machine LearningData & InfrastructureE-commerceRetail TechSaaSSan Francisco, US
BoardAlex Plugaru(Founder)inRomain Lapeyre(Founder)in
Co-investorsAlvenAmplify PartnersConvergeCRV (Charles River Ventures)FJ LabsForerunner Ventures+11 more
Hivemapper is a decentralized mapping network built on Solana that enables contributors to map the world in real time using cameras and apps while earning rewards through a token-based incentive system.
Crypto & Web3Data & Infrastructure
Ariel Seidman(Founder)in
Co-investorsAccelerator VenturesBorderless VentureFounder CollectiveHemisphere Ventures LLCHomebrewLDA Capital+9 more
Kinter provides AI-powered accounting automation that handles expense management, payroll, accruals, and account reconciliation by directly integrating with NetSuite and QuickBooks to accelerate financial close processes.
AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US
Gregg Mojica(CEO)inSara DuinDanny An(Head of People)Heley Babrak(Senior Talent Partner)
Co-investorsAndreessen HorowitzBlackbird VenturesHummingbird VenturesSaaStr FundY CombinatorZmc+12 more
Melio develops a rapid bloodborne pathogen testing platform that identifies common pathogens from blood samples within hours, replacing traditional multi-day culture-based diagnostics.
AI & Machine LearningBiotechDeep TechHealthtechMedical Devices
Mridu Sinha, PhD(Co-Founder and CEO)Stephanie Fraley, PhD(Co-Founder)
Co-investorsAccelCove FundGeneral CatalystLexi VenturesLongeVCSOSV+6 more
Nomba offers banking and payment processing services to businesses across Africa, with a focus on Nigeria and the Democratic Republic of Congo.
FintechLagos, NG
Yinka Adewale(CEO)inPelumi Aboluwarin(CTO)inAdeyinka Adewale(Founder)inAyodeji Adewuyi(Founder)Dorian Peake(Head of Engineering)Joy Odion(Talent Acquisition \u0026 Retention Associate)
Co-investors4DX VenturesHelios Digital VenturesNecessary VenturesPartech VenturesVentures PlatformY Combinator+5 more
Pipe provides working capital and financial tools to small and medium-sized businesses through integrations with software platforms they use daily.
Enterprise SoftwareFintechSaaSSan Francisco, US
Josh Mangel(Founder)inClaurelle Rakipovic(Chief Executive Officer)inVijay Vachani(Chief Operating Officer)inJin Han(Chief Administrative Officer)inNate Wiger(Chief Product & Technology Officer)inAnna Moghaddam(VP, Head of People)in
Co-investors1/1 Capital515 VenturesAltra VentureAngel Collective Opportunity FundAnthemis VentureBeyond Capital+43 more
Reown provides an SDK for accepting cryptocurrency payments from multiple wallet types, exchanges, and fiat onramps through a single integration.
Crypto & Web3Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaS
Co-investors1k(x)1kxCoinbase VenturesSC VenturesTriton CapitalConsenSys+10 more
Sanity provides a content operations platform built on a structured content database where JSON documents and code-defined schemas power web, mobile, and AI agent applications through a single API.
Data & InfrastructureDeveloper ToolsSaaSSan Francisco, US
Magnus Hillestad(Founder)inSimen Svale Skogsrud(Founder)inEven Westvang(Founder)inRaman Kapur(Executive Officer)inChristian Flaaten(Executive Officer)inOyvind Rostad(Founder)
Co-investorsAlliance VCAlliance VentureCaribbean Export Development AgencyCoinFundHeavybitICONIQ+8 more
Stedi provides APIs and infrastructure for healthcare billing transactions, including eligibility checks, claim submissions, and remittance advice processing.
Enterprise SoftwareHealthtechSaaSBoulder, US
Zack Kanter(Founder)in
Co-investorsAlt CapitalBalaji SrinivasanBloomberg BetaBoxGroupFirst Round CapitalUnion Square Ventures (USV)+6 more
Supergreat operated an online community platform focused on beauty and product reviews; the service has since wound down and directs its community to Whatnot.
ConsumerE-commerceSocial
Co-investorsShrug CapitalTq Ventures LlcArriveBenchmarkGreenoaksK5 Global+2 more
Synthetic runs open-source AI models (any vLLM-supported LLM architecture) for users in private, secure datacenters without training on customer data or storing prompts and completions.
AI & Machine LearningCloud ComputingDeveloper Tools
Co-investorsLegalTechNava VenturesKhosla Ventures
thirdweb provides a developer platform for building web3 applications, offering tools for creating and managing tokens, bridging and swapping across blockchain networks, and wallet infrastructure.
Crypto & Web3Developer Tools
Co-investorsBitDAODraft Ventures LlcFelicis VenturesFoundersHaun VenturesMantle Network+7 more
Triple (트리플) is a mobile travel app that lets users plan and manage trip itineraries, get AI-based itinerary recommendations tailored to their travel preferences, and book flights, accommodations, and tour tickets with discounts.
AI & Machine LearningConsumerTravel & Hospitality
Co-investorsAju IB InvestmentNFX
WalletConnect provides wallet connection infrastructure enabling decentralized applications to interact with blockchain wallets across multiple networks and platforms.
Crypto & Web3Developer ToolsFintechNewark, US
Pedro Gomes(Founder)in
Co-investorsA.Capital VenturesDeepTech VenturesOddiyana VenturesUnion Square Ventures (USV)1kxFigment+1 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Huddle LabsKOHO FinancialWednesday WafflesXariable, Inc.
Exits · 2
1 IPOs · 1 acquisitions · showing 1Klaviyo, Inc.NYSE: KVYO
Portfolio news
latest coverage across their companies
Pipe · thesaasnews.com · Jul 16, 2026
Alan · finsmes.com · Jun 29, 2026
Exa · exa.ai · Jun 26, 2026
Kinter · ycombinator.com · Jun 22, 2026
Stedi · finsmes.com · Mar 30, 2026
Foxglove · finsmes.com · Nov 12, 2025
Sanity · thesaasnews.com · May 12, 2025
Frequently asked questions
- How many investments has Shopify made?
- Shopify has 32 tracked investments, 2 of which have exited, including 10 dated in the last 24 months.
- What stage does Shopify invest at?
- Shopify invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Shopify focus on?
- Shopify focuses on Crypto & Web3, E-commerce, Fintech, SaaS.
- Where is Shopify located?
- Shopify is headquartered in Ottawa, CA.
- Does Shopify lead rounds?
- Shopify has led 6 of the 26 rounds where its role is on record.
- Who does Shopify co-invest with?
- Shopify most often shares deals with Greenoaks, K5 Global, Shrug Capital, among 5 tracked co-investors.
Media · Podcasts & interviews
from their channelTobi Lütke x Ilya Grigorik: Building the Universal Commerce Protocol
Shopify
Images
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