Left Lane Capital led the US$50-million round in the California-based company, which provides the backbone for Shopify merchants to build mobile apps. To date, Tapcart has raised just over US$65 million, according to PitchBook. (The Logic)
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Left Lane Capital led the US$50-million round in the California-based company, which provides the backbone for Shopify merchants to build mobile apps. To date, Tapcart has raised just over US$65 million, according to PitchBook. (The Logic)
Talking point: As my colleague Murad recently noted, Shopify is now big enough to be the prelude to the tech world’s elevator pitches. (“It’s like Shopify, but for exercise trainers/medical professionals/toasters.”) Exactly why Shopify would itself invest in a “Shopify-for” company probably comes down to Tapcart’s growth—a threefold increase in recurring revenue in 2020—and a dramatic increase in mobile commerce.
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