T
Tictail
Enables indie brands and retailers to start an online store to sell their products online
About Tictail
Tictail operated as a social e-commerce platform and marketplace, targeting emerging independent brands and designers in fashion, home decor, and art. Founded in Stockholm, Sweden, in 2011 by Carl Waldekranz, Kaj Drobin, Siavash Ghorbani, and Birk Nilsson, the company aimed to simplify online selling for small businesses without requiring technical expertise. The founding vision, often dubbed "the Tumblr of e-commerce," was inspired by CEO Carl Waldekranz's observation of his mother's struggles to sell her ceramics online. This personal experience fueled the creation of a platform focused on ease of use, customizable storefronts, and strong community features. Waldekranz and Drobin had previously collaborated on a digital agency, Super Strikers, which worked with notable tech companies like Spotify, and later co-founded Keyflow, a guest list app. Ghorbani brought experience from being the tech lead at Blocket, Sweden's largest classified ads site.
The business model centered on a dual offering. For merchants, Tictail provided a DIY e-commerce tool to create a free, standalone online store, with options to purchase apps for additional functionality like discount codes or to subscribe to a paid tier for premium features. For shoppers, it was a global marketplace to discover and purchase goods from a curated selection of brands from over 140 countries. Revenue was primarily generated through a commission on sales made through the marketplace and fees for premium apps and services for the individual storefronts. The platform's key features included mobile-first store creation, allowing a business to be set up entirely from a phone, and direct messaging between shoppers and brands to foster relationships. A significant milestone was the opening of Tictail Market, a physical retail store in Manhattan's Lower East Side in January 2016, which served as a physical showroom for the online marketplace.
After raising nearly $33 million in funding, Tictail was acquired by Shopify in November 2018. The acquisition was part of Shopify's strategy to enhance its offerings with new talent and technology and expand its international presence. Following the acquisition, the Tictail platform was gradually phased out, and operations ceased on April 1, 2019, with merchants given the option to migrate to the Shopify platform. The deal also led to the closure of the New York brick-and-mortar store.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2012
- Headquarters
- Stockholm, Sweden
- Employees
- 3
- Open positions
- None listed
- Dealroom signal
- 61.9/100
- Industry
- Media, Enterprise Software
- Sub-industry
- Content production
- Sector
- Other B2B Software, Shopping, Merchant Tools
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Nov 2018 | $0 | — | Shopify | ↗ |
| LATE VC✓Equity / VC | Aug 2017 | $3M | $110M | Creandum · Project A · Thrive Capital · Balderton Capital | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Tictail is 320 monthly website visits, down 58.4% over the last three months. Tictail's team declined 25% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Balderton Capital
Fredrik Nylander
Gustaf Alstromer
Gustav Söderström
Project A
Series A4 investors entered at this stage
Series B and later1 investor entered at this stage
Other known investors4 additional known investors
Shopify
Harry Briggs
Lars Fjeldsoe-Nielsen
Vincent Skoglund
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Tictail 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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