Ecwid Revenue and Growth Statistics (2023)
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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 | — | 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 |
|---|---|
| 91,254 stores | |
| 89,760 stores | |
| 24,300 stores | |
| YouTube | 23,460 stores |
| 9,073 stores | |
| 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.
