What is SPS Commerce?
SPS Commerce operates a robust cloud-based supply chain management software platform designed to assist retailers, brands, manufacturers, distributors, grocers, and logistics firms in navigating complex omnichannel and supply chain requirements. The company's core offerings include Fulfillment for automating EDI processes such as order processing, shipping, and invoicing; Analytics for aggregating and normalizing sell-through and retail POS data; and complementary products like Assortment for item data management and Community for supplier onboarding and collaboration. By digitizing and integrating trading partner relationships, SPS Commerce enhances operational efficiency, data accuracy, and visibility across the entire retail supply chain. Originally founded as St. Paul Software, the company has been known as SPS Commerce since 2001 and is headquartered in Minneapolis.
How much funding has SPS Commerce raised?
SPS Commerce has raised a total of $183.3M across 8 funding rounds:
Series C
$15M
Series D
$10M
Series A
$1.2M
Series B
$17.7M
Stock Offering
$33M
Stock Offering
$1M
Stock Offering
$57.9M
Stock Offering
$47.5M
Series C (2000): $15M with participation from Axiom Venture Partners, Granite Private Equity, Damac Al Baraka Investment Co., Brinson Partners, and St. Paul Venture Capital
Series D (2001): $10M led by Adams Street Partners, CID Equity Partners, Granite Private Equity, St. Paul Venture Capital, and Axiom Venture Partners
Series A (2002): $1.2M supported by Damac Investors, ABN AMRO Capital, St. Paul Venture Capital, Brinson Partners, CID Equity Capital, and Granite Private Equity
Series B (2003): $17.7M featuring River Cities Capital, ABN AMRO Capital, Damac Investors, Granite Private Equity, Brinson Partners, CID Equity Capital, and St. Paul Venture Capital
Stock Issuance/Offering (2010): $33M backed by JMP Group, Thomas Weisel Partners, Needham & Company, and William Blair & Company
Stock Issuance/Offering (2010): $1M with participation from Undisclosed
Stock Issuance/Offering (2012): $57.9M led by Undisclosed
Stock Issuance/Offering (2013): $47.5M supported by Undisclosed
Key Investors in SPS Commerce
River Cities Capital
River Cities Capital is a growth equity firm that focuses on building high-potential healthcare companies by leveraging the interplay of medical devices, healthcare services, and healthcare IT. They invest in companies that enhance patient outcomes and improve care delivery.
CID Equity Capital
CID Capital is a private equity group based in Indianapolis, Indiana, specializing in control investments in lower middle market companies with a proven track record of success that require capital for expansion.
St. Paul Venture Capital
St. Paul Venture Capital is an investment firm that supports companies in their growth phases. Their involvement with SPS Commerce highlights a commitment to scaling technology-driven businesses.
What's next for SPS Commerce?
With a substantial history of capital raises, including its most recent strategic investment, SPS Commerce is well-positioned for continued expansion and market leadership. The company's focus on digitizing and integrating supply chain operations suggests a strategic direction towards deepening its platform capabilities and broadening its ecosystem of trading partners. Future initiatives are likely to involve enhancing its SaaS offerings, potentially through further product development or strategic acquisitions, to address evolving omnichannel demands and provide deeper supply chain insights. The company's established presence and ongoing investment indicate a trajectory aimed at solidifying its role as a critical infrastructure provider for the retail supply chain.
See full SPS Commerce company page
