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shoeme.ca

Stage

Dead | Dead

Total Raised

$36.55M

About Shoes.com Technologies

Shoes.com Technologies, dba ShoeMe.ca, brings the best selection and customer service to every Canadian, from quality brands to free express shipping anywhere in Canada. This includes no duties, free returns, and easy exchanges with every order.

Shoes.com Technologies Headquarter Location

Suite 206 1715 Cook Street

Vancouver, British Columbia, V5Y 3J6,

Canada

866-440-7948

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Expert Collections containing Shoes.com Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Shoes.com Technologies is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

9,317 items

Latest Shoes.com Technologies News

Canadian start-up Shoes.com eyes fall IPO after funding round: Reuters

May 26, 2015

May 25, 2015     0 Comments (Reuters) — Canadian e-commerce start-up Shoes.com Technologies plans to go public this fall following a private funding round that tapped high-net-worth individuals and private institutional capital, Chairman Roger Hardy said on Monday. The company raised C$45 million ($36.55 million) earlier this month, valuing it at C$320 million. The offering was oversubscribed by two to three times, Hardy said, adding that it was the largest unbrokered private placement for a Canadian e-commerce company. “This gets us cashed up right through to the IPO. It keeps us well capitalized to continue funding growth,” Hardy, an entrepreneur and venture capitalist, said in an interview. The news comes as another Canadian e-commerce company, Shopify (SH.TO), went public in a soaring U.S. and Canadian market debut last week. A slew of Canadian technology companies have been tapped as potential IPO candidates, including Hootsuite, BuildDirect, Vision Critical, Wattpad and Shop.ca. “It’s validation that there are great companies here,” Hardy said of the Shopify IPO. “What it truly says is that innovative Canadian companies that succeed can get global attention.” The e-commerce industry, dominated by giants such as Amazon.com Inc (AMZN.O) and eBay Inc (EBAY.O), is highly sought by venture capitalists and investors as more consumers do their shopping online. Shoes.com expects to generate more than C$300 million in revenue in 2015. In the first quarter, sales grew 88 percent from same period last year, Hardy said. The company’s revenue was over $200 million in 2014. Shoes.com recently named Greg Kerfoot, owner of the Vancouver Whitecaps FC soccer team, and Jeffrey Mason, a former chief financial officer at Hunter Dickinson, to its board. The company could list on a stock exchange in Toronto or New York, or both, Hardy said. Hardy made a name for himself last year when he sold Coastal Contacts Inc, a digital retailer of eyeglasses and contact lenses, to Essilor International for about C$430 million. Coastal was listed on both the Toronto Stock Exchange and Nasdaq. Leave a Reply

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