Canada’s Leading Ecommerce Platform ShopperPlus Announces Cdn $ 17 Million Series A Funding To Boost Ambitious Growth Plans
After more than a decade of innovation in e-commerce, the company’s product portfolio has expanded to include office supplies, electronics, lifestyle, kitchenware and other categories. household items. ShopperPlus’ platform personalizes and makes targeted product recommendations based on individual purchasing patterns and seasonality, with over 30 percent of merchandise produced in Canada. Since 2007, the Company has been able to provide its customers with consistent, cost-effective and reliable everyday products. The Company is also successfully developing a business-to-business flow through which it helps businesses purchase office supplies efficiently and economically.
“ShopperPlus aims to provide Canadians with carefully selected goods and services to make their lives easier and better while helping businesses become more efficient.” noted Jack Zhan, founder and CEO of ShopperPlus. “I am grateful for the support of Celtic House Asia Partners, CBGF and our other investors. Besides financial investments, Celtic House Asia Partners also assists ShopperPlus in supply chain and ecosystem integration. The funds raised in this round will lead to the future expansion of the platform to include more vertical product offerings as well as expanding the coverage of internal distribution centers.
In Canada, ShopperPlus has two warehouses which together store more than 60,000 products. The Company also established a new product development center and a technology research center in Canada and China. Leveraging a global workforce combined with a local experience, ShopperPlus continues to differentiate itself as an international brand.
Jack Zhan noted that e-commerce has had a profound impact on retailing, with young people, especially Canadians, becoming increasingly receptive to online shopping. ShopperPlus’ own logistics infrastructure increases order fulfillment speeds, making it much faster than typical delivery times in Canada. “We are proud to support Jack and his team as they expand into new markets and continue to develop their private label offerings,” said George rossolatos, CEO of CBGF.
“ShopperPlus has a stellar business model,” said Jie chen, Managing Partner at Celtic House Asia Partners. “Its data-driven product suggestions and stand-alone distribution centers provide competitive advantages. With the support of this funding, ShopperPlus will continue to expand its service through Canada and major American cities. “
www.shopperplus.ca was created with one simple goal in mind – to provide quality ink and toner cartridges, printers and office supplies, cables and adapters, cell phone and camera accessories, and more at the lowest possible price for our Canadian customers. The Shopperplus.ca family is now made up of 3 websites including www.123ink.ca; www.primecables.ca and www.vivre.ca. The company’s head office and main warehouse are located at Montreal with a distribution center in Vancouver and another branch at Canton, China.
About the Canadian Business Growth Fund
Launched in 2018, the Canadian Business Growth Fund (CBGF) provides minority, patient and long-term capital to ambitious entrepreneurs to finance the growth and expansion of mid-sized businesses in Canada with typical investments between 3 and 20 millions of dollars. A permanent investment fund with capital commitments of $ 545 million from Canadian financial institutions, the CBGF has entered into long-term partnerships with the companies in which it invests. For more information visit www.cbgf.com
About Celtic House Asia Partners
Celtic House is a seasoned Canadian venture capital firm with nearly 30 years of B2B SaaS experience. In recent years, she has developed a new investment fund in Asia. The Asia Arm specializes in consumer platforms and digital health, with disrupted portfolios including Applyboard, GrubMarket, Cerebral, Fantuan and others.