Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Ecommerce site Shopa ceases trading

London-based ecommerce solutions business Shopa has ceased trading just six months after raising $11m (£7m) in funding.

The social media site allowed users to ‘like’ and follow brands including Paul Smith, Marni and Stella McCartney and specific product categories, which were then compiled into a personalised, shoppable feed.

Shopa was founded in 2012 as a business-to-business platform, which retailers could add to their ecommerce site. In February 2015, it raised $11m (£7m) in a Series A funding round from Octopus Investments and Notion Capital, allowing it to launch a consumer-facing platform.

However, today (August 26), the firm sent an email to brands and customers saying it had “closed its doors” for good.

The statement read: “We are unable to continue to operate and it is with much regret and personal sadness that we have now closed our doors. Any purchases that you are still waiting for will be sent to you directly from the brand and you can still return any unwanted purchases as normal.”

Shopa, based on London’s Farringdon Road, had 32 staff members. Chief executive Peter Janes has reportedly already left the business.

 

Readers' comments (1)

  • Red faced VCs? What do they have to say?

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.