WASHINGTON (Reuters) - E-commerce firm Shopify said on Tuesday it would become the first customer to buy contract carbon removal units from Canada-based direct air capture company Carbon Engineering to slash its greenhouse gas emissions and called on others to follow suit.
Shopify bought 10,000 units, or one metric tonne of carbon dioxide captured and permanently removed from the atmosphere, from the firm's future direct air capture (DAC) projects.
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Shopify execs launch angel fund aimed at women, non-binary founders | Ottawa Business Journal
As rising tech executives who help entrepreneurs build online storefronts, Atlee Clark and Konval Matin know that taking a business from a concept to a viable entity can be a lonely and frustrating journey – especially for women.
The numbers tell a stark tale: women founders are much less likely to receive capital than men – according to business data platform Crunchbase, women-led businesses brought in just 2.3 per cent of all global VC funding in 2020, down from 2.9 per cent in 2019 – and when they do, the cheques are typically smaller.
Pipe Raises Strategic Financing Round from Shopify, Slack, HubSpot, Okta, Chamath Palihapitiya,
"Having spent my career working in the capital markets, I instantly saw how impactful Pipe's platform would be as a new mechanism for helping companies to grow," said Jim Pallotta , Founder and CEO of Raptor Group. "Pipe represents a significant innovation in the alternative financing space and is transforming how companies access growth capital."
"Pipe is revolutionizing how companies access capital by empowering them to trade their most valuable asset: their underlying contracts," said Matthew Cowan , General Partner at Next47. "As an active investor in the recurring revenue space, we are incredibly impressed with how the Pipe platform changes the game for growing businesses by giving them dynamic access to lower cost of capital."
The 'Nasdaq' for trading recurring revenue gets backed by Benioff, Palihapitiya, Shopify
MIAMI, Fla. — Pipe Technologies, the one-year-old platform for companies to trade monthly recurring revenue for upfront annual revenue from yield-seeking buy-side investors, announced a strategic financing round on Tuesday consisting of a who's who of individuals and companies to fuel the company's global expansion.
While many press releases often tout the number raised in a financing round, this one intentionally excluded that figure in the headline. The round also excludes traditional venture capital investors and instead features a handful of publicly-traded companies and individuals.
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Shopify app consolidator WeCommerce snaps up Singapore startup for US$110-million - The Globe and
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A Victoria holding company looking to cash in on Shopify Inc.'s surging growth by acquiring firms that provide applications to clients of the e-commerce giant has made its largest purchase yet.
WeCommerce is paying US$85-million upfront, including US$75-million in cash and US$10-million in stock. It will pay US$25-million more next year in either cash or stock, at the buyer's discretion, if Stamped.io generates US$10-million in revenue this year. It is funding the acquisition with cash on hand and a US$77-million credit facility led by JP Morgan Chase Bank.
Rebuy Helps E-Commerce Brands on Shopify Supercharge Sales With Omnichannel Personalization
The global pandemic has fundamentally changed the way businesses operate. Global retail e-commerce sales grew 27% as more Americans embraced online shopping to maintain social distancing. Retail sales surpassed $4 trillion in 2020 and are expected to eclipse $5 trillion this year. As a result, shoppers expect more from e-commerce stores.
Rebuy's personalization engine for Shopify (NYSE: SHOP), designed to enable store owners to meet consumers' rising expectations and drive sales, leverages AI (Artificial Intelligence) and ML (Machine Learning) to offer personalized online shopping experiences, thus increasing order values, conversion rates, and repeat business.
Royal Bank replaces Shopify as Canada's most valuable company as TSX hits intraday high |
A Royal Bank of Canada sign is pictured in downtown Toronto on Dec. 2, 2011. (The Canadian Press/Nathan Denette)
TORONTO - The Royal Bank of Canada has replaced Shopify Inc. as the country's most valuable company as the technology sector faded Monday despite a run-up of the S&P/TSX composite index.
Canada's main stock index closed up 76.82 points to 18,457.78 after setting an intraday record high of 18,595.72.
Shopify Stock Went Up By Over 6% So Far On Tuesday | Via News
Shares of Shopify jumped 6.14% to $1,138.29 at 13:37 EST on Tuesday, after five consecutive sessions in a row of losses. NYSE Composite is jumping 1.18% to $15,468.30, after two sequential sessions in a row of gains. This seems, at the moment, an all-around positive trend trading session today.
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The company’s growth estimates for the ongoing quarter is 278.9% and a drop 19% for the next.
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Royal Bank replaces Shopify as Canada's most valuable company as TSX hits intraday high https://t.co/Y0FDgOOZtU https://t.co/yRL5aH6cSl CP24 (from Toronto) Mon Mar 08 22:33:14 +0000 2021
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