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How a millennial s $57,700 charity lunch with Bill Ackman turned into a $46.5 million IPO Julia La Roche
In 2018, entrepreneur-turned-investor Andrew Wilkinson, who runs Victoria, Canada-based tech holding company Tiny, shelled out $57,700 for a charity auction lunch with Bill Ackman, the well-known billionaire activist investor and CEO of Pershing Square Capital Management.
The $57,700 lunch turned out to be an excellent investment that led to a friendship and, ultimately, a business partnership. Ackman s family office invested in one of Wilkinson s portfolio companies, WeCommerce, marking the young investor s first time accepting outside capital.
This month, WeCommerce, a holding company of software and digital service brands in the Shopify (SHOP) ecosystem such as Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash and Foursixty made its public debut on the TSX Venture Exchange, raising CAD$60 million in the process.
WeCommerce to Commence Trading on the TSX Venture Exchange WeCommerce Holdings Ltd. (the
Company) (TSXV: WE) announces that its shares will begin trading on the TSX Venture Exchange on December 14, 2020 under the symbol WE. This is an exciting moment for the WeCommerce team and our portfolio of companies, said Chris Sparling, CEO of WeCommerce. We believe that with this listing we can continue to position ourselves as the acquirer of choice in the Shopify partner ecosystem.
About WeCommerce Holdings Ltd. WeCommerce is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash and Foursixty. The Companys primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that su
WeCommerce going public to further strategy of buying Shopify ecosystem companies
WeCommerce, the holding company controlled by Andrew Wilkinson’s Tiny Capital, is set to go public on the TSX Venture Exchange (TSXV) via a reverse takeover of Brachium Capital Corp.
The Victoria-based WeCommerce announced this week it has closed a qualifying transaction that will see it takeover Brachium Capital Corp. and list on the TSXV under the symbol ‘WE.V.’
“We will continue to position ourselves as the acquirer of choice for software companies within Shopify’s partner ecosystem.”
WeCommerce is a company that was created by Tiny Capital in October 2019 to focus on acquiring businesses within the Shopify partner ecosystem. Tiny Capital allocated $25 million to achieve that goal. To date, WeCommerce has acquired six such companies, including Toronto-based Foursixty, which has developed software that helps brands and bloggers monetize on Instragram and Shopify.