Ottawa e-commerce giant says it will use the cash influx to beef up its balance sheet and provide “flexibility to fund its growth strategies.”
Ottawa-based e-commerce firm's revenue totalled US$977.7 million, up from US$505.2 million in the last quarter of 2019.
Company will use the fresh equity to fuel its continued expansion as it builds out its subscription-based platform that backs up customers’ sales and financial data in the cloud.
Ottawa-based e-commerce company said it terminated stores affiliated with the U.S. president because his actions contravened Shopify's policies.
Firm launched in 2019, which uses renewable electricity to split ocean water molecules into hydrogen and oxygen, recently signed Shopify as its first customer.
According to the Ottawa-based firm, more than half of the shoppers in the 11 countries it surveyed have shifted more of their spending online since the pandemic began.
E-commerce giant said the more than one million global users of its platform sold a combined $2.4 billion worth of goods on Nov. 27, a 75 per cent increase over last year.
Avison Young is forecasting the local vacancy rate at around seven per cent, the second-lowest among major Canadian cities behind Vancouver.
Shopify vice-president of growth Luc Levesque and Invest Ottawa vice-president of human resources Heidi Hauver are two of the 11 recipients being recognized for their contributions to the community.
Ottawa-based e-commerce firm said this week it’s now allowing merchants in the U.S. to accept payments through Alipay.