Shopify has had talks to invest in Faire, two people familiar with the matter said. It would be the latest in a string of investments Shopify has made in its ecosystem.
Shopify has held talks to make a strategic investment in Faire, the wholesale marketplace company, according to two people familiar with the matter. The Canadian e-commerce company has discussed taking a stake of about 5% in Faire as part of the deal, one of these people said. It's unclear if talks were ongoing or if an investment would go through, and the total value of the discussed investment was unknown.in a deal where the startup raised a $416 million extension to its Series G.
Faire is an online wholesale marketplace that connects independent brands with retailers that can stock their products in their stores. Shopify and Faire already have an integration in place that allows merchants to sync their product inventory between the two platforms. While Shopify is better known for catering to DTC brands, B2B e-commerce has become a larger focus for the Canadian e-commerce company in recent years.
The deal with Faire would be the latest in a series of investments Shopify has made in companies within its own ecosystem. Its venture arm,
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ted Cruz says 'Barbie' movie is 'Chinese communist propaganda'Ted Cruz is getting really worked up about the 'Barbie' movie and accusing it of feeding young girls 'Chinese communist propaganda'
Source: BusinessInsider - 🏆 729. / 51 Read more »
xAI and OpenAI are racing to create AI smarter than humansInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
First-time property investor built $5.5 million portfolio in 3 yearsI'm a first-time property investor who grew my portfolio to $5.5 million in 3 years. Here's how I did it with minimal savings.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I live in a van full-time — here are the downsides no one talks aboutInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
China's economy falters as latest growth, retail sales data disappointsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jack Dorsey says he snubbed a follow request from Zuck on ThreadsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »