Shopify

Shopify in its $100 million strategic investment in Klaviyo

Client

Shopify

Value

$100 million

Service

Emerging and High Growth Companies

Date Closed

August 2022

Industry

Retail & Consumer Products

Lead Office

Toronto

 

On August 2, 2022, Shopify announced it has made a $100 million strategic investment in Klaviyo, an e-commerce marketing automation platform. With this investment, Klaviyo and Shopify will strengthen their existing partnership by making Klaviyo the recommended email product for Shopify’s premium merchant plan while granting Klaviyo early access to in-development Shopify features.

Shopify is an Ottawa-based multinational e-commerce platform.

Osler, Hoskin & Harcourt LLP advised Shopify with a team consisting of Gary Marshall and Sahil Chopra (Emerging and High Growth Companies).