Shopify Partner Bold Commerce Grows, with Hopes to Expand Beyond Ottawa’s Giant Platform
Winnipeg-based Bold Commerce, once known as Shopify’s largest app developer, recently closed its $35 million CAD Series B funding round. The Series B financing was lead by OMERS Ventures, with participation from investors Whitecap Venture Partners and Round 13 Capital. All three companies are Canadian-based funds. It is the largest financing of a Canadian tech company led by OMERS Venture since 2018, who notably led Shopify’s Series C financing in 2013.
Bold Commerce currently works with more than 90,000 brands in over 170 countries. The company provides a modular suite of products including checkout, subscriptions and price rules to help e-commerce retailers extend their platform capabilities. Their dynamic pricing model allows it to maximize profit from every customer regardless of size, which separates Bold Commerce from most software developers. Their platforms include Shopify rivals BigCommerce and WooCommerce and larger merchants who typically don’t use Shopify (who primarily targets small-and medium-sized sellers).
Following a year of accelerated growth for e-commerce retailers during the pandemic, Bold Commerce plans to expand operations and advance their network of tools and integrations for e-commerce stores worldwide.
Author: Shannon Skillings
Authors
Expertise
Insights
-
Technology
IFS to Acquire Copperleaf Technologies Inc. – A Strategic Move in Enterprise Decision Analytics
Copperleaf Technologies Inc. is a software company that delivers enterprise decision analytics solutions tailored for organizations managing critical infrastructure. On June 11th, 2024, Copperleaf… -
Technology
BC CICE: Non-Dilutive Investment Opportunity for Wildfire Technologies
What is the British Columbia Centre for Innovation and Clean Energy (BC CICE)?The BC CICE is an independent, not-for-profit corporation with the goal of moving towards a net-zero carbon future… -
Technology
Sword Health – Making Moves in Virtual Care
On June 4, 2024, AI-powered virtual and digital physical therapy startup Sword Health closed a $130 million USD round of financing. This brings Sword Health's total funding to $340 million and raises… -
Technology
How Apple and OpenAI are Revolutionizing the iPhone Experience
On June 10, 2024, Apple and OpenAI announced a partnership – allowing for the formal integration of OpenAI’s groundbreaking technology into Apple’s forthcoming iOS software.While this partnership is… -
Technology
Tumblr Communities Feature
Last month, blogging platform Tumblr announced the launch of its new Communities feature in open beta and is testing the feature among select web users. The announcement comes six months after the… -
Technology
Google I/O Conference Unveils Newest Offerings
Two weeks ago, Google hosted its annual developer conference “Google I/O”, announcing its new wave of inventions and software capabilities.While the conference was geared towards developers, it…