- Recent Funding
- Investors
- Shopify Ventures
Shopify Ventures portfolio
Shopify Ventures has 12 portfolio companies on record at Recent Funding.
About this page
Its most recent investment on record is Fal's $125M Series B+ round in July 2025, alongside Meritech Capital, Google AI Futures Fund and Salesforce Ventures. By category, its portfolio leans toward Developer tools and cloud (5) and Sales and marketing (4). It has co-invested with Salesforce Ventures, Meritech Capital and Google AI Futures Fund.
What Shopify Ventures invests in
- Developer tools and cloud · 5 · 42%
- Sales and marketing · 4 · 33%
- AI agents · 3 · 25%
- Commerce and retail · 3 · 25%
- Data and analytics · 2 · 17%
- Fintech · 2 · 17%
- AI infrastructure and compute · 1 · 8%
- HR and recruiting · 1 · 8%
Shopify Ventures recent investments
| Company | Round | Date | Alongside |
|---|---|---|---|
| Series B+ · $125M | Meritech Capital (lead), Google AI Futures Fund, Salesforce Ventures | ||
| Series A | Cohen Circle (lead), Mosaic General Partnership (lead) | ||
| Series B+ · $13M | WAGMI Ventures, Kiln, Crypto.com Capital +6 | ||
| Series B+ · $23M | Surge, Tiger Global Management (lead), Sequoia +1 | ||
| Series B+ · $100M | J.P. Morgan Growth Equity Partners (lead), Canapi Ventures, PayPal Ventures +2 | ||
| Series B+ · $65M | Diverse Angels, Greycroft, Left Lane Capital (lead) +4 |
How Shopify Ventures invests
| Stage | Deals | Capital in rounds |
|---|---|---|
| Series B+ | 5 83% | $326M |
| Series A | 1 17% | undisclosed |
Shopify Ventures portfolio companies
FFal$125MSeries B+ · Jul 2025
CCrstlSeries A · Mar 2025
RReown$13MSeries B+ · Jan 2025
WWati$23MSeries B+ · Nov 2022
CCodat$100MSeries B+ · Jun 2022
TTapcart$65MSeries B+ · Jun 2021
LLightdashbacker
AAugmentbacker
SSanitybacker
GGumloopbacker
WWhopbacker
LLoop (Returns)backer
| Company | Round with Shopify Ventures | Total raised | Latest raise |
|---|---|---|---|
AI infrastructure and compute |
Series B+ · $125M | $337M | Dec 10, 2025 Series B+ |
AI agents |
Series A | $4.4M | Mar 25, 2025 Series A |
| Series B+ · $13M | $13M | Jan 15, 2025 Series B+ | |
AI agents |
Series B+ · $23M | $31.3M | Jan 29, 2025 Series B+ |
AI coding and devtools |
Series B+ · $100M | $150M | Jun 10, 2022 Series B+ |
Sales and marketing |
Series B+ · $65M | $79.85M | Mar 25, 2026 Series B+ |
Data and analytics |
backer · source | $11M | Oct 8, 2024 Series A |
AI agents |
backer · source | $110M | Jul 13, 2026 Series A |
Developer tools and cloud |
backer · source | $172.3M | Jan 11, 2026 Series B+ |
| backer | $70.6M | Mar 12, 2026 Series B+ | |
Sales and marketing |
backer | $273M | Oct 21, 2026 Series B+ |
Sales and marketing |
backer | undisclosed | — |
Most frequent co-investors
SSalesforce Ventures1 shared round · last Jul 31, 2025
MMeritech Capital1 shared round · last Jul 31, 2025
GGoogle AI Futures Fund1 shared round · last Jul 31, 2025
CCohen Circle1 shared round · last Mar 25, 2025
MMosaic General Partnership1 shared round · last Mar 25, 2025
UUnion Square Ventures1 shared round · last Jan 15, 2025
FFenbushi Capital1 shared round · last Jan 15, 2025
WWAGMI Ventures1 shared round · last Jan 15, 2025
CCrypto.com Capital1 shared round · last Jan 15, 2025
KKiln1 shared round · last Jan 15, 2025
FFigment Capital1 shared round · last Jan 15, 2025
- GGlobal Digital Asset Holdings1 shared round · last Jan 15, 2025
Similar investors
XXora Innovation12 companies · 6 deals in 12 mo
AArchetype12 companies · 5 deals in 12 mo
SSozo Ventures12 companies · 3 deals in 12 mo
SSingtel Innov813 companies · 3 deals in 12 mo
CChemistry11 companies · 6 deals in 12 mo
BBlossom Capital11 companies · 3 deals in 12 mo
Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).
How this is counted
Share is of the 6 rounds on Recent Funding that name Shopify Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.
Portfolio companies are the companies on Recent Funding with a round that lists Shopify Ventures, which is a subset of its real portfolio. API: /api/v1/investors/shopify-ventures (get a free API key). More: the most active VC firms and new venture capital funds.