Shopify
Commerce software that powers millions of online stores and shops.
Public · NASDAQ:SHOP- Sector
- Software
- Based in
- Ottawa, Canada
- Founded
- 2006
- Invested
- Mar 2023
Shopify gives businesses the software to sell online and in person: a storefront, checkout, point-of-sale hardware, payments (Shopify Payments and Shop Pay), shipping and marketing tools. It is used by everyone from first-time sellers to large brands.
The Shop app lets shoppers track orders and buy from Shopify stores, and Shopify is building tools so AI assistants can find and buy products from its merchants.
Tobias Lütke and Scott Lake started Shopify in Ottawa in 2006, after building their own online store to sell snowboards. It listed in New York and Toronto in 2015.
As of 29 Sep 2026
Why I own it
Shopify is the operating system for millions of merchants, from a first sale to large brands. It handles the store, payments, shipping and the records behind them.
As shopping moves to AI assistants and agents, merchants still need one reliable place for products, orders and payments. Shopify is building the rails for agentic commerce.
From the notebook
All notesTheme
Shopify defaults to AI-agent checkout, Amazon keeps the gate shut
From 21 September, Shopify started enabling Shop Pay checkout for AI shopping agents by default across eligible US merchants, letting tools like Google's AI Mode buy without a manual integration. Amazon is going the other way: it has blocked OpenAI's shopping crawlers from indexing its listings and sued Perplexity's shopping agent over unauthorised purchases. Two of the biggest commerce platforms in the portfolio are now running opposite bets on how much buying power to hand to AI agents.
Since this note:Shopify +15.7%Amazon +1.8%(S&P 500 +0.3%)
AmazonWritten by AI from share prices, the companies' posts and the news. Can be wrong; not financial advice.
