https://techcrunch.com/2023/02/02/triple-whale-raises-25m-for-its-shopify-data-platform/

Shopify powers a massive number of e-commerce sites, so it’s also no surprise that there is a vast ecosystem of tools around it that help these merchants manage all aspects of running their stores. Triple Whale, a Columbus, Ohio-based startup, focuses on providing Shopify store owners with a single platform that brings together all of their analytics into a single service to help them improve their conversion numbers and get better insights into their marketing campaigns. Using all of this data, the team is now also starting to build smart, AI-based tools on top of it.

The company today announced that it has raised a $25 million Series B round from NFX and Elephant, with strategic participation from Shopify itself. That’s on top of the company’s 2022 $24 million Series A round (led by Elephant) and its $2.7 million seed round (led by NFX). To raise this much these days, startups have to show considerable traction. The team says it saw 1,400 percent year-over-year growth, with over 5,000 brands now using its service. The company notes that these brands generated over $14 billion in sales last year.