{"id":24937,"date":"2010-12-13T08:12:00","date_gmt":"2010-12-13T04:12:00","guid":{"rendered":"http:\/\/localhost\/?p=24937"},"modified":"2010-12-13T08:12:34","modified_gmt":"2010-12-13T04:12:34","slug":"ottawas-shopify-raises-7-million-series-a-funding-from-bessemer-firstmark-and-felicis","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/ottawas-shopify-raises-7-million-series-a-funding-from-bessemer-firstmark-and-felicis","title":{"rendered":"Ottawa&#8217;s Shopify raises $7 Million Series A Funding from Bessemer, FirstMark, and Felicis"},"content":{"rendered":"<p>Ottawa-based online-retail SaaS platform <a href=\"http:\/\/www.shopify.com\">Shopify<\/a> announced today it has secured $7 Million in Series A funding from Bessemer Venture Partners, FirstMark Capital and Felicis Ventures.<\/p>\n<blockquote>\n<p>&#8220;Shopify has developed a breakthrough SaaS platform that makes it  incredibly simple for retailers to create truly standout, easy-to-launch  businesses online,&rdquo; said Alex Ferrara, a Bessemer partner who will be  joining Shopify&rsquo;s board. &ldquo;Shopify&#8217;s app store and its open APIs  exemplify the continuing &#8216;consumer-ization&#8217; of enterprise software, and  the ease with which even small and mid-sized businesses can now offer a  sophisticated online retail experience.&#8221;<\/p>\n<\/blockquote>\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/public\/cache\/company\/250x125\/6277_shopify_255255255.png\" alt=\"\" \/>Shopify makes it simple for smaller sellers with little or no  programming skills to set up an online shop in just a few minutes. Each  Shopify storefront is customizable and gives the user control over a  shop&#8217;s look and feel, in addition to setting up a streamlined checkout  and the ability to easily integrate PayPal or a credit-card processor  for payments.<\/p>\n<p>Shopify employs a dedicated team of security experts to  ensure each storefront meets the highest possible security requirements.  The Shopify App Store is a collection of Shopify apps that can extend  the functionality of the online store, and has brand name apps such as  Quickify, Chimpified, Hubspot, and Vurve.<\/p>\n<p>Shopify currently processes over <a href=\"http:\/\/www.techvibes.com\/blog\/shopify-hits-100-million-in-sales-on-e-commerce-platform\">$100M in revenue<\/a> for customers as diverse as  General Electric, Tesla Motors, Amnesty International and the Foo  Fighters.<\/p>\n<p>Shopify will use the proceeds to invest in the growth of the  company, including product development and international expansion. The company also plans to invest in its technology, infrastructure and developer tools. Shopify is committed to attracting the best app developers to its platform, giving them access to thousands of retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ottawa-based online-retail SaaS platform Shopify announced today it has secured $7 Million in Series A funding from Bessemer Venture Partners, FirstMark Capital and Felicis Ventures. &#8220;Shopify has developed a breakthrough SaaS platform that makes it incredibly simple for retailers to create truly standout, easy-to-launch businesses online,&rdquo; said Alex Ferrara, a Bessemer partner who will be [&hellip;]<\/p>\n","protected":false},"author":1358,"featured_media":24939,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-24937","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/24937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/1358"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/24937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/24939"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=24937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=24937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=24937"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=24937"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=24937"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=24937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}