Shopify Inc.
Acquisitions
7
Major Deals Covered
$2.5B
Disclosed Deal Value
Shopify's largest disclosed acquisition here is Deliverr for $2.1B in 2022. This page covers 7 major deals from 2013 to 2022, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Jet Cooper | 2013 | Undisclosed | Shopify acquired Jet Cooper in 2013. |
| Boltmade | 2016 | Undisclosed | Shopify acquired Boltmade in 2016. |
| Kit CRM | 2016 | Undisclosed | Shopify acquired Kit CRM in 2016. |
| Tiny Hearts | 2016 | Undisclosed | Shopify acquired Tiny Hearts in 2016. |
| Handshake | 2019 | Undisclosed | Shopify acquired Handshake in 2019. |
| 6 River Systems | 2019 | $450.0M | Warehouse robotics for the Shopify Fulfillment Network; sold to Ocado in 2023. |
| Deliverr | 2022 | $2.1B | Shopify bought fulfillment startup Deliverr for about $2.1 billion in 2022 to build a two-day delivery network for merchants. |
2022
$2.1B
Shopify bought fulfillment startup Deliverr for about $2.1 billion in 2022 to build a two-day delivery network for merchants.
The deal deepened Shopify's investment in physical logistics, which weighed on margins.
In May 2023 Shopify sold its logistics business, including Deliverr, to Flexport in exchange for equity in Flexport.
2019
Shopify acquired Handshake in 2019.
2019
$450M
Warehouse robotics for the Shopify Fulfillment Network; sold to Ocado in 2023.
2016
Shopify acquired Boltmade in 2016.
2016
Shopify acquired Kit CRM in 2016.
2016
Shopify acquired Tiny Hearts in 2016.
2013
Shopify acquired Jet Cooper in 2013.
Shopify is growing beyond small online stores. It is winning enterprise brands on Shopify Plus and Commerce Components, building B2B wholesale (B2B GMV rose 84% in Q4 2025), expanding Shopify POS for physical retail (offline GMV up 29% in Q4 2025) and pushing internationally (international GMV up 50% in Q4 2025). It is also investing in AI tools for merchants and in making Shopify catalogs and checkout available inside AI assistants.
Shopify earns money in two ways. Subscription Solutions (about $2.75 billion in 2025) covers monthly plans from Basic to Shopify Plus, POS Pro, apps and themes. Merchant Solutions (about $8.8 billion in 2025, roughly three-quarters of revenue) is tied to merchant sales: Shopify Payments and Shop Pay processing fees, Shopify Capital, shipping labels, currency conversion, POS hardware and partner revenue shares. Because Merchant Solutions scales with GMV, Shopify grows when its merchants sell more; Shopify Payments processed 65.6% of GMV in 2025.
Shopify's largest acquisition was the purchase of fulfillment technology provider Deliverr in May 2022 for approximately $2.1 billion (paid in cash and stock), aimed at building an end-to-end logistics fulfillment network.
In May 2023, CEO Tobi Lütke recognized that running physical warehouses and delivery trucks was capital-intensive, low-margin, and distracted from core software engineering. Shopify sold Deliverr and the Shopify Fulfillment Network to global freight leader Flexport for a 13% equity stake.
In September 2019, Shopify acquired warehouse robotics pioneer 6 River Systems (founded by former Kiva Systems executives) for $450 million to automate warehouse packing. Following the logistics exit in 2023, Shopify sold 6 River Systems to British grocery tech firm Ocado Group.
In 2013, Shopify acquired premier Toronto user-experience design agency Jet Cooper, absorbing its talented designers and engineers to build Shopify's major Toronto product development office.
In 2016, Shopify acquired Waterloo-based software engineering consultancy Boltmade, immediately accelerating product development for Shopify Plus and establishing a major presence in the Waterloo tech corridor.
In 2016, Shopify acquired Kit CRM, a pioneering conversational artificial intelligence marketing assistant that helped small merchants automate social media advertising on Facebook and Instagram via simple text messages.
In 2018, Shopify acquired Swedish social marketplace Tictail, bringing talented European e-commerce product designers to Shopify and expanding its footprint in Stockholm.
In 2019, Shopify acquired B2B wholesale platform Handshake, integrating wholesale ordering, catalog pricing, and bulk sales workflows directly into Shopify Plus.
Following the logistics divestment, Shopify focuses strictly on high-margin software tuck-ins: acquiring artificial intelligence tools, developer workflow enhancements, checkout optimization software, and international payment gateways.
Yes, through Shopify Ventures, the company invests strategically in ecosystem partners, developer startups building on the Shopify App Store, and key commerce infrastructure allies like Stripe, Flexport, and Klaviyo.
In 2022, Shopify made a major strategic equity investment in marketing automation leader Klaviyo, designating Klaviyo as the recommended email and SMS solution for Shopify Plus merchants ahead of Klaviyo's successful 2023 IPO.
Shopify emphasizes rapid cultural integration: acquired engineering and product leaders are integrated directly into core teams working on Shop Pay, AI (Shopify Magic), and enterprise Commerce Components.
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