Kite arrived with an accomplished chief executive, an elegant theory of commerce and $200 million in committed equity. It closed after drawing about one dollar in eight - a neat lesson in how quickly a clever platform becomes useless when the deals that feed it disappear.
The Toronto software company started with email. Three acquisitions and a rebuilt commerce platform later, it is betting that mid-market retailers would rather run one coordinated system than referee a crowded stack of apps.
It started as a phone number taped to a flyer on a Palo Alto campus. A decade later, DoorDash carries more than $100 billion in orders a year and is quietly rebuilding itself into the plumbing for local commerce.
Shopify is a Canadian commerce company that provides a unified software platform for businesses to start, run, and grow retail operations across online stores, physical locations, social channels, and marketplaces. Launched in 2006 by snowboard-shop founders frustrated with existing store software, it now powers millions of merchants in more than 175 countries and handled roughly $378 billion in gross merchandise volume in 2025. Beyond the storefront builder, Shopify sells payments, capital, shipping, point-of-sale hardware, and a growing set of AI tools, positioning itself as the commerce infrastructure behind a large share of independent and enterprise brands.