Tiny Ltd (WeCommerce) Acquires Clean Canvas Limited

September 7, 2023

WeCommerce Holdings LP, a subsidiary wholly owned by Tiny Ltd., has acquired all issued and outstanding shares of Clean Canvas Limited for an upfront US$11.5 million plus up to US$1.2 million of contingent earn-out consideration. Clean Canvas, a UK-based Shopify theme designer and developer, will continue to operate as an independent brand and its results will be consolidated into Tiny's financials; the purchase includes a US$750,000 holdback and the earn-out may be paid in cash, Tiny common shares, or a combination.

Buyers
Tiny Ltd., WeCommerce Holdings Limited Partnership
Targets
Clean Canvas Limited
Sellers
Shareholders of Clean Canvas Limited
Platforms
WeCommerce Holdings Limited Partnership
Industry
E-Commerce
Location
United Kingdom
Transaction Type
Addon

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