Shopify raises $100 million in Series C financing

Ottawa-based Shopify has raised $100 million in Series C venture capital to expand its offline ecommerce software that allows retailers to develop online sales capability. The financing is led by OMERS Ventures, Toronto and New York City-based Insight Venture Partners. Also participating are Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures. Founded in 2006, Shopify raised $22 million of Series A and B funding in 2010 and 2011. The firm has recently seen an acceleration in product sales, racking up more than $100 million in sales in the week leading up to the Black Friday and Cyber Monday shopping frenzies. The firm has recently launched an offline retail product....