ShopperPlus has successfully raised C$17 million in equity financing to accelerate its growth, supported by renowned institutional and angel investors.

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ShopperPlus is a prominent Canadian e-commerce platform that has recently secured C$17 million in equity financing to propel its growth initiatives. The capital was primarily led by Celtic House Asia Partners and the Canadian Business Growth Fund (CBGF), with additional participation from Celtic House Venture Partners and the National Bank SME Growth Fund L.P. The funding round also attracted interest from notable angel investors such as Danny Zhang, co-founder of the Wish e-commerce app, and Kevin Pan, Managing Director of Sequoia China.

Founded with the aim to provide quality office supplies, electronic goods, and various lifestyle products at competitive prices, ShopperPlus has expanded its product range extensively over the past 14 years. The company's headquarters is located in Montreal, complemented by warehousing in Vancouver and Guangzhou, China. ShopperPlus boasts two warehouses with a combined inventory of over 60,000 products, facilitated by a new product development and technology research center in both Canada and China.

Industry Overview in Canada

The Canadian e-commerce landscape is rapidly evolving, driven by increasing consumer acceptance of online shopping. Particularly among younger demographics, there is a growing tendency to prefer d