Shaw Communications goes to Shop.CA

May 6, 2014 • Robert Lavine

Shaw joined existing backers Torstar and Slaight in supporting a $31m series B round that lifted Shop.CA's overall funding past $50m.

Canada-based e-commerce company Shop.CA has raised $31m in a series B round backed by investors including Shaw Ventures, the corporate venturing affiliate of telecommunications company Shaw Communications.

Shaw participated as a new investor, while returning investors included media companies Torstar and Slaight Communications, and speciality finance provider Difference Capital. Shop.CA previously raised $21m in its 2012 series A round.

The company will use the capital to continue growing its proprietary technology base, develop its merchant network, enhance its merchant network…

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