Bold Commerce raises $35 million CAD Series B backed by OMERS
Once known only as Shopify’s largest app developer, Winnipeg-based Bold Commerce is hoping a $35 million CAD ($27 million USD) Series B round will help it become the platform to power commerce anywhere and everywhere.
OMERS Ventures led the all-equity round, which saw participation from past investors Whitecap Venture Partners and Round 13 Capital (history does rhyme: OMERS once led Shopify’s Series C round). Bold’s last round, a $22 million Series A in 2019, was also its first – the company had chosen to bootstrap its development since its founding in 2012.
In a recent interview with BetaKit, Bold Commerce CEO and co-founder Yvan Boisjoli claimed Whitecap and Round 13’s decision to follow-on showed “a lot of trust and faith” in the startup.