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shop.ca

Founded Year

2011

Stage

Series B | Alive

Total Raised

$31M

Last Raised

$31M | 8 yrs ago

About SHOP.CA

SHOP.CA provides a unique Canadian experience that combines "an authoritative selection of products, unparalleled service and a social loyalty program that rewards members on every purchase."

SHOP.CA Headquarter Location

70 Peter Street Suite 200

Toronto, Ontario, M5V 2G5,

Canada

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Expert Collections containing SHOP.CA

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

SHOP.CA is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

9,599 items

Latest SHOP.CA News

Emerge Commerce purchases UnderPar Group for $12 million in largest acquisition to date...

Nov 20, 2019

Toronto-based e-commerce startup Emerge Commerce has acquired the UnderPar Group , a golf experiences and products company, for $12 million, in addition to a performance-based earnout. Emerge is a digital deals and savings network, operating as a one-stop-shop for last-minute deals on staycations, events, experiences, and family activities. UnderPar, which Emerge said is set to earn $30 million in revenue this year, is Emerge’s fourth acquisition in North America and its largest transaction to date. Under the terms of the acquisition, Emerge intends to retain the company’s headquarters, team, and golf course partnership agreements. “We’re acquiring a tremendously profitable, growing market leader in the lucrative golf deals space.” “We’re thrilled to welcome the entire UnderPar team, business, and brand to the Emerge Family,” said Emerge founder and CEO, Ghassan Halazon. “In UnderPar, we’re acquiring a tremendously profitable, growing market leader in the lucrative golf deals space.” Emerge was founded in 2015 by Halazon, Kia Besharat, Drew Green, Jonson Sun, and Fazal Khaishgi. Recently, Emerge was named one of the fastest growing e-commerce startups in Canada on the 2019 Startup 50 . The company, initially called Transformational Capital, now operates four e-commerce sites: Shop.ca , WagJag , Buytopia, and now, UnderPar. Emerge founder and CEO, Ghassan Halazon (Image courtesy: Emerge) Shop.ca was initially a Canadian e-commerce site launched in 2011. The company raised $72 million CAD in venture capital funding, which it burned through over a six-month period. As a result, the company entered legal restructuring in July 2016 due to a lack of funds to continue operating. Emerge acquired Shop.ca’s assets and relaunched Shop.ca as a content and coupon marketing platform. In 2017, Emerge acquired WagJag, a deal-of-the-day site that runs in nine provinces and is the largest local deals player in Ontario. Prior to being acquired by Emerge Commerce, WagJag was owned by Metroland Media Group, an arm of Torstar Corporation. Emerge later acquired Buytopia, a deal-of-the-day site founded by Clearbac co-founder and venture capitalist Michele Romanow. Buytopia’s team previously sold their grocery cashback app to Groupon in 2014. “That early success has now afforded us the opportunity to start acquiring niche market leaders in the broader digital deals and savings space that come with a proven track record of growth and profitability,” Halazon told BetaKit. “Our vision is to become the preeminent network for all things limited-time deals and savings, and do so profitably.” The venture into golfing products and experiences represents a new avenue for Emerge Commerce. Halazon said the company has focused on the experiences and travel sectors, and has preferred this segment of e-commerce compared to products because it offers “cleaner economics, with no inventory risk, warehousing, logistics, and shipping complexities and costs.” UnderPar, also based in Toronto, operates across Canada and the US with more than 300,000 members and 750 golf course partners. Since its launch, the business has generated cumulative sales of $136 million and sold over 1.5 million golf vouchers.

SHOP.CA Web Traffic

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SHOP.CA Rank

  • When was SHOP.CA founded?

    SHOP.CA was founded in 2011.

  • Where is SHOP.CA's headquarters?

    SHOP.CA's headquarters is located at 70 Peter Street, Toronto.

  • What is SHOP.CA's latest funding round?

    SHOP.CA's latest funding round is Series B.

  • How much did SHOP.CA raise?

    SHOP.CA raised a total of $31M.

  • Who are the investors of SHOP.CA?

    Investors of SHOP.CA include Torstar, Shaw Ventures, Difference Capital Financial and Slaight Communications.

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