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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Point of Sale
shopkeep.com

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Founded Year

2008

Stage

Acquired | Acquired

Total Raised

$162.2M

Valuation

$0000 

About ShopKeep

ShopKeep provides a cloud-based iPad point of sale system.On November 5, 2020 ShopKeep was acquired by Lightspeed POS at a valuation of $440M.

ShopKeep Headquarter Location

460 Park Avenue South 7th Floor

New York, New York, 1001,

United States

800-820-9814

Latest ShopKeep News

Lightspeed to acquire NuOrder and Ecwid

Jun 8, 2021

Lightspeed to acquire NuOrder and Ecwid By Jun 8, 2021 Canadian cloud-based e-commerce technology company Lightspeed announced on Monday the acquisition of both NuOrder, a digital wholesale platform connecting businesses and suppliers, and Ecwid, a U.S.-based global e-commerce platform, for a combined $925 million. Lightspeed to acquire NuOrder and Ecwid. - Facebook: Lightspeed "By joining forces with Ecwid and NuOrder, Lightspeed becomes the common thread uniting merchants, suppliers and consumers, a transformation we believe will enable innovative retailers to adapt to the new world of commerce," said Dax Dasilva, founder and CEO of Lightspeed. "As economies reopen and business creation accelerates, we hope to embolden entrepreneurs with the tools they need to simplify their operations and scale their ambitions.” Lightspeed will acquire NuOrder for a consideration of about $425 million, with plans to create an industry-leading bridge between the merchant and supplier experience. NuOrder currently serves over 3,000 brands and saw more than 100,000 retailers make more than $11.5 billion in orders through its platform in the trailing twelve month period ended March 31, 2021. The acquisition follows the strong initial reception and success of the Lightspeed Supplier Network. The deal is expected to close during the quarter ended September 30, 2021. "At NuOrder, we have been on a journey to revolutionize retail by building a global network for brands and retailers. The coming together of Lightspeed and NuOrder accelerates that vision exponentially. The power of connected commerce comes to life now," said NuOrder co-founders and co-CEOs, Olivia Skuza and Heath Wells. Likewise, Lightspeed will acquire Ecwid for a consideration of about $500 million. Once integrated, the combination of Lightspeed and Ecwid will help merchants to reach shoppers where they are, whether on social media or digital marketplaces, ushering in newfound selling flexibility and omnichannel experiences. It currently serves over 130,000 paying customers in over 100 countries around the world. In the period ended March 31, 2021, Ecwid generated revenue of over $20 million, growing at a rate of more than 50 percent year-over-year. The deal is also expected to close during the quarter ended September 30. "The distinction between online and brick-and-mortar retail has disappeared. Lightspeed and Ecwid, two best-in-class platforms, will unite to truly empower businesses. By eliminating the barriers merchants face when selling online, we will only more rapidly achieve our common vision of democratizing retail for independent businesses worldwide and enrich the communities they serve," added Ecwid CEO, Ruslan Fazlyev. Lightspeed, which went public on the Toronto Stock Exchange in 2019 and most recently debuted on the New York Stock Exchange, has been on what feels like an acquisition spree. Most recently, it also acquired fellow Canadian cloud commerce platform provider ShopKeep Inc for $440 million in cash and shares. Others include Montreal-based Chronogolf, Sydney-based Kounta and Berlin-based Gastrofix. Copyright © 2021 FashionNetwork.com All rights reserved. Tags :

Predict your next investment

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Research containing ShopKeep

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ShopKeep in 1 CB Insights research brief, most recently on Jun 9, 2021.

Expert Collections containing ShopKeep

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

ShopKeep is included in 6 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

756 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

I

In-Store Retail Tech

1,330 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

G

Grocery Retail Tech

300 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

S

SMB Fintech

995 items

P

Payments

1,483 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

T

Tech IPO Pipeline 2019

286 items

ShopKeep Patents

ShopKeep has filed 14 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Retail POS systems
  • Banking technology
patents chart

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6/23/2015

6/8/2021

Payment systems, Retail POS systems, Banking technology, Retailing, Mobile payments

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Payment systems, Retail POS systems, Banking technology, Retailing, Mobile payments

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ShopKeep Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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ShopKeep Rank

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