Shopify lands $100 million in third round of venture funding, joins the $1B valuation “Unicorn Club”

There’s some big news from Shopify today: they’ve closed their third round of funding led by OMERS Ventures and Insight Venture Partners, securing $100 million in funding, The funding will be used to continue their trajectory towards becoming the way that retail sales are done, whether online, offline, or a mix of the two.

valued at one billion dollars

According to the Wall Street Journal:

People familiar with the deal said the company’s Series C valuation was “near $1 billion.” The company declined to comment on revenue but a representative said it had 80,000 active merchants using its software today.

The Globe and Mail reports:

Reaching the $1-billion level is extremely rare. Website TechCrunch recently determined that only 39 tech firms born since 2003 in the U.S., including Facebook and Twitter, have reached the $1-billion level, as valued by public or private markets, making them members of the so-called “Unicorn Club.”

Here are more reports about the deal:

Congratulations to Tobi, Daniel, Cody, Harley, et. al. on a job well done!