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Ecwid Revenue and Growth Statistics (2023)

Some Amazing Facts About Ecwid

  • Ecwid was founded by Ruslan Fazlyev in 2009.
  • Ecwid is an e-commerce platform that supports websites, social media, and mobile apps.
  • Ecwid has its headquarters in San Diego, California, United States.
  • Ecwid is owned by Lightspeed.
  • Ruslan Fazlyev is the CEO of Ecwid.
  • Ecwid has over 50,000 active stores worldwide.
  • Ecwid has approximately 200 employees.
  • The top countries with the highest Ecwid market share are Italy (23%) and Germany (22%).
  • Ecwid's revenue has been growing, reaching $20 million in 2021.
  • As of 2023, there are 174,114 Ecwid stores.
  • The Arts & Entertainment industry has the most stores on Ecwid.
  • The United States has the highest number of Ecwid stores, followed by the United Kingdom.
  • Ecwid has raised $48.5 million in funding over 3 rounds.
  • Ecwid is funded by investors including Morgan Stanley Expansion Capital and PeakSpan Capital.

Ecwid Overview

Key Stat Info
Founder(s) Ruslan Fazlyev
Founded 2009
Owner Lightspeed
CEO (current) Ruslan Fazlyev
Headquarters San Diego, California, United States
Industry E-commerce
Service Area Worldwide
Website https://www.ecwid.com/
Active Stores 50,000+
Employees Approximately 200 employees
Supported Platforms Websites, social media, mobile apps

Ecwid Market Share

Ecwid's market share is highest in Italy (23%) and Germany (22%), followed by France (18%) and Portugal (13%). The United Kingdom, United States, and Canada have lower market shares ranging from 10% to 4%.

Country Ecwid Market Share
Italy 23%
Germany 22%
France 18%
Portugal 13%
United Kingdom 10%
United States 4%
Canada 4%

Source: Statista

Ecwid Revenue

Ecwid's revenue has been on an upward trend, reaching $20 million in 2021, $5.4 million in 2022, and projected to be $11 million in 2023.

Year Ecwid Revenue
2023 $11 million
2022 $5.4 million
2021 $20 million

Source: Zippia, Getlatka, San Diego Union-Tribune

How Many Businesses Use Ecwid?

The number of businesses using Ecwid has fluctuated over the years. As of 2023, there are 174,114 Ecwid stores, down from 181,104 in 2022. In 2021, there were 187,382 stores, a significant increase compared to 2020's 76,087 stores.

Year Ecwid Stores
2023 (to date) 174,114 stores
2022 181,104 stores
2021 187,382 stores
2020 76,087 stores

Source: Store Leads

Top Businesses Using Ecwid

Here are some top businesses on Ecwid: MCG with a revenue range of 10M-50M, Tumblr with a revenue range of 200M-1000M, Taos with a revenue range of 100M-200M, Meta Platforms, Inc with a revenue greater than 1000M, and H&R Block, Inc. with a revenue greater than 1000M.

Company Website Country Revenue Company Size
MCG http://mcg.com/ United States 10M-50M 500-1000
Tumblr http://tumblr.com/ United States 200M-1000M 1000-5000
Taos http://taos.com/ United States 100M-200M 500-1000
Meta Platforms, Inc http://facebook.com/ United States >1000M >10000
H&R Block, Inc. http://hrblock.com/ United States >1000M >10000

Source: Enlyft

Ecwid Acquisition and Funding

Ecwid has raised $48.5M in funding over 3 rounds. Their latest funding round on May 21, 2020, raised $42M from investors including Morgan Stanley Expansion Capital and PeakSpan Capital.

Announced Date Transaction Name Investors Money Raised Lead Investors
May 21, 2020 Venture Round - Ecwid 3 $42M Morgan Stanley Expansion Capital, PeakSpan Capital
May 28, 2014 Series B - Ecwid 2 $5M iTech Capital
Dec 15, 2011 Series A - Ecwid 1 $1.5M Runa Capital

Source: Crunchbase

Ecwid Investors

Ecwid is funded by 5 investors, including Morgan Stanley Expansion Capital and PeakSpan Capital, the most recent ones. Funding rounds include a Venture Round and Series B, with investments from Trestle Partners, Runa Capital, and iTech Capital.

Investor Name Lead Investor Funding Round
Morgan Stanley Expansion Capital Yes Venture Round - Ecwid
PeakSpan Capital Yes Venture Round - Ecwid
Trestle Partners โ€” Venture Round - Ecwid
Runa Capital No Series B - Ecwid
iTech Capital Yes Series B - Ecwid
Runa Capital Yes Series A - Ecwid

Source: Crunchbase

Which industry dominates the number of stores on Ecwid?

The Arts & Entertainment industry has the most stores on Ecwid, with a total of 13,167 stores. It is followed by Apparel, which has 11,190 stores, and Food & Drink, with 10,931 stores.

Industry Ecwid Stores
Arts & Entertainment 13,167 stores
Apparel 11,190 stores
Food & Drink 10,931 stores
People & Society 10,755 stores
Beauty & Fitness 9,793 stores
Home & Garden 9,430 stores
Sports 6,130 stores
Health 5,140 stores
Business & Industrial 4,648 stores
Jobs & Education 4,627 stores
Autos & Vehicles 2,758 stores
Pets & Animals 2,504 stores
Toys & Hobbies 2,494 stores
Gifts & Special Events 2,165 stores
Books & Literature 2,068 stores
Computers 2,052 stores
Travel 1,993 stores
Photo & Video Services 1,855 stores
Internet 1,412 stores

Source: Store Leads

Sales Volume of Ecwid Stores

The majority of Ecwid stores (61.4%) sell between 1 and 9 different products. Additionally, 8.3% of stores sell between 10 and 24 products, and 5.2% sell between 25 and 49 products.

Products Sold Ecwid Stores
1 - 9 106,911 stores
10 - 24 14,396 stores
25 - 49 9,054 stores
50 - 99 2,250 stores
100 - 249 5,582 stores
250 - 999 2,493 stores
1000 - 4999 522 stores
5000 - 9999 232 stores
10000 - 24999 208 stores
25000 - 99999 300 stores

Source: Store Leads

Which country has the highest number of Ecwid stores?

The United States has the most Ecwid stores with 53,578 stores, followed by the United Kingdom with 11,619 stores, Canada with 6,579 stores, and Australia with 5,269 stores.

Country Ecwid Stores
United States 53,578 stores
United Kingdom 11,619 stores
Canada 6,579 stores
Australia 5,269 stores
France 5,009 stores
Germany 4,778 stores
Brazil 4,673 stores
Italy 2,977 stores
Switzerland 2,942 stores

Source: Store Leads

Popular Technologies Utilized by Ecwid Stores

The top technologies used by Ecwid stores are Cloudfront CDN, Vimeo, and YouTube Player. Cloudfront CDN is used by 19.3% of Ecwid stores, followed by Vimeo at 16.1% and YouTube Player at 10.3%. These technologies collectively have a total of 190,624 installs across Ecwid stores.

Technology Ecwid Stores
Cloudfront CDN 33,586
Vimeo 27,950
YouTube Player 17,887
Google Adsense 17,527
Google Tag Manager 15,382
Google Analytics 10,361
Facebook Pixel 6,707
Yoast 6,620
Fastly CDN 5,896
Google Analytics 4 5,415

Source: Store Leads

Popular Social Media Platforms Used by Ecwid Stores

Instagram and Facebook are the most popular social media platforms for Ecwid stores, used by 52.4% and 51.6% of stores respectively. Twitter is also used by 14.0% of stores.

Social Media Platforms Ecwid Stores
Instagram 91,254 stores
Facebook 89,760 stores
Twitter 24,300 stores
YouTube 23,460 stores
Pinterest 9,073 stores
LinkedIn 7,037 stores
Tiktok 6,224 stores
Facebook Group 3,509 stores
Yelp 1,512 stores
Snapchat 313 stores

Source: Store Leads

The Top Domain Choice for Ecwid Stores

The majority of Ecwid stores (57.0%) use the .com domain, followed by .site (9.5%) and .org (4.1%). In Australia, .com.au is the most common top-level domain.

Top-level Domain Ecwid Stores
.com 99,176 stores
.site 16,473 stores
.org 7,063 stores
.co.uk 6,027 stores
.net 3,974 stores
.de 3,213 stores
.com.au 2,991 stores
.com.br 2,983 stores
.ca 2,081 stores
.ch 2,005 stores

Source: Store Leads

Top Shipping Carriers Preferred by Ecwid Stores

USPS is the most preferred shipping carrier for Ecwid stores, used by 62.4% of them. UPS is a close second, with 62.1% of stores using it. FedEx is used by a smaller percentage of stores, at 0.8%.

Shipping Carrier Ecwid Stores
USPS 108,610
UPS 108,158
FedEx 1,372
Royal Mail 936
Australia Post 477
Canada Post 354
Correos 146
DHL 102
New Zealean Post 50
Correios 44

Source: Store Leads

The Founder of Ecwid

Ecwid was established in 2009 by Ruslan Fazlyev, a Russian Internet entrepreneur who has successfully launched multiple companies, including X-Cart, a widely-used e-commerce platform.

Ownership of Ecwid: Exploring the Company Behind Ecwid

Ecwid is a company that is owned by Lightspeed. In 2019, Ecwid secured a significant investment of $42 million from Lightspeed Venture Partners and Target Global. This funding round established the value of Ecwid at over $200 million.

Key Figures at Ecwid

Meet the key people at Ecwid:

Name Role
Ruslan Fazlyev Founder & CEO
Dmitry Verbichenko VP, Partner Operations
Erik Suhonen VP, Operations & Product Partnership
Eugene Kaznacheev VP, Product
Scott Varner VP, Business Development
Tom Hebert VP, Customer Success

Source: The Org

Location of Ecwid Headquarters and Offices

Ecwid has headquarters in Encinitas, United States, with an additional office in the same city. They also have offices in Ulyanovsk and Vladivostok, both located in the Russian Federation.

Country City Address
United States Encinitas 687 S Coast Hwy 101 (HQ)
United States Encinitas 144 W D St #103
Russian Federation Ulyanovsk Ulitsa Krasnoarmeyskaya, 111
Russian Federation Vladivostok Ulitsa Verkhneportovaya, 18

Source: Craft.co

Number of Employees at Ecwid

As of 2023, Ecwid currently has around 200 employees, which reflects a 1% increase compared to the previous year.

Year Ecwid Employee
2023 200 employees
2022 198 employees

Source: Growjo

Frequently Asked Questions About Ecwid

Is Ecwid better than Shopify?

Ecwid is a good option for small businesses and entrepreneurs who are looking for an affordable and easy-to-use e-commerce platform. Shopify is a better option for larger businesses and e-commerce merchants who need a more powerful and scalable platform with more features.

Feature Ecwid Shopify
Pricing A free plans is available, and paid plans start at $15 per month Pricing starts at $29 per month
Features Good range of features, but Shopify has more features overall Extensive range of features
Ease of use Very easy to use, even for beginners Easy to use, but has a steeper learning curve than Ecwid
Customer support 24/7 customer support 24/7 customer support

Can I make money on Ecwid?

Yes, you can make money on Ecwid by selling products or services online, or by becoming an Ecwid partner.

What is Ecwid used for?

Ecwid is an e-commerce platform that allows businesses to sell online through their websites, social media, and mobile apps. It is easy to use and offers a variety of features, including product management, payment processing, shipping management, inventory management, taxes and coupons, marketing and SEO tools, and customer support.

Ecwid is used by businesses of all sizes, but it is particularly popular among small businesses and entrepreneurs. It is a good option for businesses that are just starting out with e-commerce, as well as businesses that are looking for a simple and affordable e-commerce platform.

How much does Ecwid charge per sale?

Ecwid does not charge any transaction fees on any of your sales. However, you will need to pay the fees charged by your chosen payment processor. These fees vary depending on the payment processor, but they are typically around 2-3% of the sale amount plus a fixed fee of $0.30-$0.50 per transaction.

How many products can you sell on Ecwid for free?

You can sell up to 10 products on Ecwid for free. This includes both physical and digital products.

What payment system does Ecwid use?

Ecwid supports a wide range of payment systems, including Stripe, PayPal, Square, Amazon Pay, and many more. You can choose the payment system that is most convenient for you and your customers.

Can I build a website with Ecwid?

Yes, you can build a website with Ecwid. Ecwid offers a free website builder that you can use to create a simple website for your online store. The website builder is easy to use and does not require any coding knowledge.

To build a website with Ecwid, you will first need to create an Ecwid account. Once you have created an account, you can choose a template for your website and start adding your products and content.