Christine Hall / TechCrunch:
OpenStore, an e-commerce roll-up company for Shopify merchants, raised $32M led by Lux at a $970M valuation, up 25% from November 2021 when it raised $75M — Many of the e-commerce roll-up companies, also known as aggregators, slowed down this year after a record 2021.
Annie Palmer / CNBC:
Research firm says Shopify is warning its merchants not to use Amazon’s checkout service Buy with Prime, saying it is a security risk and violates Shopify ToS — – Shopify is warning merchants that Amazon’s one-click checkout service violates its terms of service, according to Marketplace Pulse.
Stefanie Marotta / Bloomberg:
Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022 — Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity …
Blake Brittain / Reuters:
Shopify settles a lawsuit with major educational publishers that claimed the platform ignored notices of users selling pirated textbooks and other materials — Shopify Inc has settled allegations by a group of major educational publishers that the Canadian e-commerce company enables piracy on its platform …
Blake Brittain / Reuters:
A Delaware jury says Shopify owes $40M to patent holder Express Mobile for infringing three patents related to software for providing content to mobile devices — E-commerce platform Shopify Inc owes patent holder Express Mobile Inc $40 million for infringing three patents related …
FinSMEs:
oVice, which offers collaboration and talent management software for hybrid and remote workplaces, raised a $32M Series B, bringing its total raised to $45M — oVice, a Nanao, Japan-based provider of a virtual office platform, raised $32M in Series B funding. — The backers were not disclosed.
Christine Hall / TechCrunch:
MarginEdge, which provides software for restaurant management and bill payment, raised a $45M Series C led by Ten Coves, bringing its total funding to $71M+ — The global pandemic was tough on the restaurant industry, one that was already slow to adopt technology but then also had to quickly learn …
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