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Modern Dropship

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Multi-channel B2B ecommerce platform for high-growth suppliers

Toronto, CanadaFounded 2017Other B2B Software
Valuation $100–250M Last recorded · 2022
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Modern Dropship and the history behind them.

About Modern Dropship

Convictional operates as a B2B commerce platform designed to help retailers and brands automate and streamline their dropshipping, marketplace, and wholesale operations. The company was founded in 2017 by Chris Grouchy and Roger Kirkness. Grouchy's background includes experience at Shopify, where he identified the inefficiencies and manual processes retailers faced when onboarding new vendors, which directly inspired the creation of Convictional. Kirkness, serving as the CTO, brings the technical expertise to build out the platform's infrastructure.

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The core of Convictional's offering is a supplier enablement platform that facilitates seamless integration between retailers and their third-party brands. Instead of relying on manual methods like emails and spreadsheets or complex EDI connections, the platform allows vendors to be onboarded in minutes. Retailers can invite suppliers to connect, and once connected, the system automates the exchange of product information, inventory levels, pricing, and order fulfillment. This two-way synchronization ensures that data is consistent across both the retailer's e-commerce site and the supplier's systems.

Convictional's business model is primarily subscription-based, targeting enterprise retailers and brands. The platform generates revenue through this SaaS model, offering different tiers of service based on the volume of transactions and the number of integrated partners. The service is particularly beneficial for retailers looking to expand their product assortment without taking on the inventory risk, effectively enabling them to launch their own curated marketplaces. For brands, it provides an efficient channel to partner with multiple retailers and distribute their products more widely.

The platform integrates with major e-commerce systems such as Shopify, BigCommerce, and Salesforce Commerce Cloud, as well as ERPs and other backend systems. A key feature is its ability to handle various B2B trade relationships, including dropshipping, wholesale, and multi-vendor marketplace models, all within a single network. By automating processes like vendor onboarding, inventory syncing, and order processing, Convictional helps businesses reduce operational overhead, prevent stockouts, and accelerate their go-to-market strategy for new products. This focus on modernizing B2B trade by abstracting away the complexities of supplier integration positions the company as a critical infrastructure layer for modern commerce.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2017
Headquarters
Toronto, Canada
Employees
19
Open positions
None listed
Dealroom signal
80.0/100
Industry
Enterprise Software
Sector
Other B2B Software, Wholesale, Trading Platform, Automated Process, Platform, B2B Commerce API, EDI Platform, B2B Integrations, YC W19
Business model
SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Apr 2026 $0 — Carro ↗
SERIES BOther financing Feb 2022 $40M $160M Y Combinator ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Modern Dropship website traffic

Latest recorded traffic for Modern Dropship is 3.7K monthly website visits, down 15.9% over the last three months. Modern Dropship's team grew 11.8% over the past year.

Latest monthly visits3.7K 3-month web change-15.9% 1-year team growth+11.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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CompanyHeadquartersStatusEmployeesTotal fundingValuation
NabisLicensed cannabis wholesaling platform, supplying licensed dispensaries with the largest portfolio of cannabis brands in the world Oakland, United States Operational 215 $37M $92M
Tradebyte SoftwareEnables the seamless interconnection of manufacturers, traders and retailers in the digital supply chain Ansbach, Germany Acquired
TrumpiaTrumpia is the leading web-based multi-channel marketing platform, dedicated to helping businesses grow and stay well-connected with their customer base Anaheim, United States Operational
TradeGeckoPowerful inventory management software for eCommerce and wholesale with Shopify, Xero, QuickBooks, Amazon, a B2B ordering platform, payments and mobile to take complete control of your business Singapore, Singapore Acquired
portatourPortatour is the future of automatic sales-route planning for field sales reps, consultants, and service team members Vienna, Austria Operational
Peoples' FinTechTrading system design and management tools Rehovot, Israel Operational
Cogito SystemsCogito Systems is developing an automated trading platform and statistical prediction models that integrate data-mining and machine-learning approaches to generate long-term, high-yield profits Tel Aviv-Yafo, Israel Operational
Fluent Trade TechnologiesFluent Trade Technologies offers a comprehensive, turn-key solution for automated trading systems and brokers Luxembourg Closed
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A6 investors entered at this stage

Other known investors1 additional known investor

  • Carro
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States57.1%
🇨🇦 Canada42.9%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Modern Dropship on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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