About SPS Commerce
SPS Commerce is a company based in Minneapolis (United States) founded in 1998.. SPS Commerce has raised $50.5 million across 4 funding rounds from investors including Granite Partners, CID Capital and Adams Street Partners. The company has 2,780 employees as of December 31, 2024. SPS Commerce has completed 14 acquisitions, including Carbon6, Data Masons and EDIAdmin. SPS Commerce operates in a competitive market with competitors including Zenput, Global-e, Cart.com, AnyMind Group and BigCommerce, among others.
- Headquarter Minneapolis, United States
- Employees 2780 as on 31 Dec, 2024
- Stage Public
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sps Commerce, Inc.
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Annual Revenue
$637.76 M18.78as on Dec 31, 2024
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Net Profit
$77.05 M17.06as on Dec 31, 2024
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EBITDA
$131.11 M17.07as on Dec 31, 2024
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Total Equity Funding
$50.5 M (USD)
in 4 rounds
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Latest Funding Round
$7.5 M (USD), Series B
Jun 03, 2007
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Investors
Granite Partners
& 4 more
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Employee Count
2780
as on Dec 31, 2024
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Investments & Acquisitions
Carbon6
& 13 more
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IPO & Listings of SPS Commerce
SPS Commerce is a publicly listed company on the NASDAQ with ticker symbol SPSC in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
198 people
Sales and Marketing
103 people
Senior Team
65 people
Product Management Team
59 people
Leadership Team
52 people
Data Analysis and Operations Team
28 people
Manager Team
19 people
Human Resources and Administration
14 people
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Funding Insights of SPS Commerce
SPS Commerce has successfully raised a total of $50.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $7.5 million completed in June 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $7.5M
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First Round
First Round
(08 Feb 2000)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Series B - SPS Commerce | Valuation |
investors |
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| May, 2003 | Amount | Series B - SPS Commerce | Valuation | River Cities Capital | |
| Jun, 2001 | Amount | Series B - SPS Commerce | Valuation | CID Capital , Adams Street Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SPS Commerce
SPS Commerce has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Granite Partners, CID Capital and Adams Street Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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CID Capital is engaged in lower-middle-market buyout investments.
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Founded Year | Domain | Location | |
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Private markets investment management with strategies in equity, credit, and secondary investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SPS Commerce
SPS Commerce has strategically engaged in corporate development activities, having acquired 14 companies. Notable acquisitions include Carbon6, Data Masons and EDIAdmin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-enabled software solutions are provided for Amazon sellers.
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2021 | ||||
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SaaS-based supply chain management software solutions are provided.
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2016 | ||||
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Supply chain integration solutions are delivered via iPaaS cloud platform.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SPS Commerce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sps Commerce Comparisons
Competitors of SPS Commerce
SPS Commerce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zenput, Global-e, Cart.com, AnyMind Group and BigCommerce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
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| domain | founded_year | HQ Location |
Software solutions for cross-border e-commerce industries are provided.
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| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| domain | founded_year | HQ Location |
Cleo is recognized for providing supply chain integration solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sps Commerce
Frequently Asked Questions about SPS Commerce
When was SPS Commerce founded?
SPS Commerce was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is SPS Commerce located?
SPS Commerce is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of SPS Commerce?
Chad Collins is the current CEO of SPS Commerce.
Is SPS Commerce a funded company?
SPS Commerce is a funded company, having raised a total of $50.5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Feb 08, 2000.
How many employees does SPS Commerce have?
As of Dec 31, 2024, the latest employee count at SPS Commerce is 2,780.
What is the annual revenue of SPS Commerce?
Annual revenue of SPS Commerce is $637.76M as on Dec 31, 2024.
What does SPS Commerce do?
SPS Commerce was established in 1998 and is based in Minneapolis, United States. Cloud-based software platforms are delivered to retail businesses, covering areas such as electronic data interchange, inventory management, order fulfillment, product assortment planning, analytics, reporting, and API integrations. Additional support includes customer service operations and staffing resources. These tools enable streamlined trading partner connections and operational efficiency across the retail sector.
Who are the top competitors of SPS Commerce?
SPS Commerce's top competitors include CommerceIQ, ShopUp and Global-e.
Is SPS Commerce publicly traded?
Yes, SPS Commerce is publicly traded on NASDAQ under the ticker symbol SPSC.
How many acquisitions has SPS Commerce made?
SPS Commerce has made 14 acquisitions, including Carbon6, Data Masons, and EDIAdmin.
Who are SPS Commerce's investors?
SPS Commerce has 5 investors. Key investors include Granite Partners, CID Capital, Adams Street Partners, River Cities Capital, and Axiom Venture Partners.
What is SPS Commerce's ticker symbol?
The ticker symbol of SPS Commerce is SPSC on NASDAQ.
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