Shopify delivers $2.1 billion USD Deliverr deal to expand fulfillment network
Deliverr marks Shopify’s largest acquisition to date.
Ottawa
Shopify’s growth continues to slow in Q1 2022 as it reaches deal to buy Deliverr for $2.1 billion USD
Shopify misses analyst estimates, sees shares drop to a two-year low.
Amid rising competition with Amazon, Shopify reports 45 percent increase in economic activity fuelled by its merchants
Report comes as Shopify pursues Deliverr, Amazon encroaches on Shopify’s territory.
Shopify makes strategic investment in US AI recommendation startup Crossing Minds
Crossing Minds plots Canadian expansion with new Toronto office.
Ontario utility agencies back BluWave-ai project to manage increased EV power grid use
“We know EVs are coming … so we want to be prepared.”
Shopify proposes governance changes to protect CEO Tobi Lütke’s voting power
Shopify also acquired influencer marketing startup Dovetale.
Payments Canada announces global firm Tata Consultancy Services will lead the integration of the Real-Time Rail system
Real-Time Rail system is meant to modernize Canada’s payments infrastructure when completed.
Canadian Armed Forces veteran, Shopify co-founder team up for $50 million military tech fund
Kensington Capital Partners has committed $10 million as the anchor investor.
Ottawa-based Fullscript acquires Emerson Ecologics to bring integrative medicine into the mainstream
The acquisition nearly doubles Fullscript’s annual revenue and users.
Canadian government launches $4 billion Canada Digital Adoption Program
Program to help some 160,000 small and medium businesses adopt digital technology.
Former Bench CEO Ian Crosby joins Shopify Balance as product director
The Bench co-founder described Shopify Balance as “a phenomenal product.”
Shopify shares drop following decelerated revenue growth, lowered guidance in Q4 2021
Shopify’s share price has dropped 18 percent following market open.
Ottawa entrepreneur Brad Rollo remembered for his passion and enthusiasm
“This is not just a loss for the Ottawa tech sector; it’s a loss for Canada.”
Shopify strikes partnership with JD.com to help US merchants sell to Chinese consumers
The deal gives US Shopify sellers access to the world’s largest e-commerce market.
Unreserved closes $33 million seed round to build property auction platform
E Inc founder aims to apply car auction model to homes.