Fundraising Fox
SPS Commerce
NASDAQ: SPSCMinneapolis, US · Delaware corporation · 3,277 employees on LinkedIn · 5 known investors
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SPS Commerce is a supply chain and retail network software company that enables retailers, suppliers, and logistics partners to manage inventory, orders, and supply chain operations. The company serves retailers and their trading partners globally with technology solutions to optimize product distribution and fulfillment.
Founders & leadership
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Chad CollinsChief Executive OfficerChad Collins has held executive leadership roles in supply chain software companies, including CEO of HighJump (acquired by Körber in 2017) and Global CEO at Körber, and previously worked as a supply chain consultant at Cap Gemini Ernst & Young. He is now CEO of SPS Commerce, a retail cloud services company.
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Jim FromePresident & Chief Operating Officer2022–2024Jim Frome served as Chief Operating Officer and President of SPS Commerce, a supply chain and retail software company. He held executive leadership roles at the company from 2001 onward and has since served on boards in retail, supply chain, and related technology sectors.
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Kim NelsonCFO2007–2026Kim Nelson holds a Bachelor of Science in Finance from Babson College and an MBA from the University of St. Thomas. Before joining SPS Commerce in 2007, she led investor relations at Amazon.com and held financial management roles at Pillsbury and Nestlé's beverage division; she became CFO of SPS Commerce and helped prepare the company for its 2010 initial public offering.
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Erica KoenigSenior Vice President & Chief Human Resources OfficerErica Koenig is Senior Vice President and Chief Human Resources Officer at SPS Commerce, a supply chain and retail network software company. She brings over 25 years of experience in human capital management, including compensation, talent acquisition, organizational design, and diversity and inclusion initiatives.
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Mike SvatekSenior Vice President & Chief Product Officer
Board
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Michael B. GormanBoard directorManaging Director at Split Rock Partners
Investors · 5
Seyen Capitallisted by Seyen CapitalChicago
How we know: Seyen Capital's portfolio page · Not right? Tell us
BVCFreportedShanghai · $5M
How we know: the S-1 prospectus · Not right? Tell us
CID CapitalreportedCarmel · $10M
How we know: the S-1 prospectus · Not right? Tell us
Split Rock PartnersreportedEden Prairie · $2M – $40M
How we know: the S-1 prospectus · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$92.7M disclosed across 3 rounds · 2014–2024
▶$87MraisedAug 2024 · 16 investors · RetailingRule 506(b)
▶$87MraisedAug 2024 · 16 investors · Retailing
Rule 506(b)Officers, directors & promoters on the filing
- Marty M. ReaumeDirector
- Chad CollinsExecutive Officer, Director
- James B. RamseyDirector
- Jim FromeExecutive Officer
- Philip E. SoranDirector
- Kim NelsonExecutive Officer
- Tammi RellerDirector
- Dan JuckniessExecutive Officer
- Jamie ThingelstadExecutive Officer
- Sven A. WehrweinDirector
- Anne Sempowski WardDirector
- Offering amount
- $87M
- Amount sold
- $87M
- First sale
- Jul 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.4MraisedJan 2016 · 4 investors · Other TechnologyRule 506(b)
▶$3.4MraisedJan 2016 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- James B. RamseyDirector
- Michael A. SmerkloDirector
- Michael B. GormanDirector
- Martin J. LeestmaDirector
- Philip E. SoranDirector
- James J. FromeExecutive Officer
- Archie C. BlackExecutive Officer, Director
- Kimberly K. NelsonExecutive Officer
- Sven A. WehrweinDirector
- Offering amount
- $3.4M
- Amount sold
- $3.4M
- First sale
- Jan 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$2.3MraisedOct 2014 · 1 investors · Other TechnologyRule 506(b)
▶$2.3MraisedOct 2014 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Philip E. SoranDirector
- Sven A. WehrweinDirector
- Martin J. LeestmaDirector
- Michael A. SmerkloDirector
- James J. FromeExecutive Officer
- James B. RamseyDirector
- Michael B. GormanDirector
- Archie C. BlackExecutive Officer, Director
- Kimberly K. NelsonExecutive Officer
- Offering amount
- $2.3M
- Amount sold
- $2.3M
- First sale
- Oct 2014
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed events$143.7Mvaluation at IPODec 2010 · $12.25/share · 424B4
filing ↗Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Founder mafia
4 people who came through SPS Commerce went on to found or lead other companies.
Related companies · 4
WazeWorld's largest community-based traffic and navigation app.
TrueCommerceTrueCommerce provides EDI, API, and integration solutions for supply chain automation and B2B/B2G e-commerce connectivity. The platform helps businesses connect with trading partners, manage orders and invoicing, and integrate with ERP systems to streamline supply chain operations.
OracleOracle sells enterprise database software, applications and cloud infrastructure, and has grown through large acquisitions including PeopleSoft, Siebel and Sun Microsystems.
OrderfulOrderful provides technology for instant electronic data interchange (EDI) connectivity between trading partners, replacing traditional one-by-one connection setups with immediate, always-current integrations for any transaction type.
Companies working in the same space as SPS Commerce.
Acquisitions · 1
Early investors' stakes continue via these dealsTIE Kinetix
Supply chain digitization software platform facilitating electronic exchange of business documents (acquired by SPS Commerce in 2023).
Frequently asked questions
- What does SPS Commerce do?
- SPS Commerce is a supply chain and retail network software company that enables retailers, suppliers, and logistics partners to manage inventory, orders, and supply chain operations. The company serves retailers and their trading partners globally with technology solutions to optimize product distribution and fulfillment.
- Who are SPS Commerce's investors?
- SPS Commerce's investors include Partinc Capital, Seyen Capital, BVCF, CID Capital, Split Rock Partners.
- How much funding has SPS Commerce raised?
- SPS Commerce has disclosed $92.7M raised across 3 rounds.
- Where is SPS Commerce headquartered?
- SPS Commerce is headquartered in Minneapolis, US.