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Fintech & e-commerce Retail and Direct To Consumer

E-Commerce Logistics Firm Spreetail Lands Large $208M Raise

Illustration of man handing a key with a shopping cart to a woman. [Dom Guzman]

Nebraska is not known for large funding announcements, but that did not hinder from securing some serious funding.

The Lincoln-based e-commerce logistics and channel management company closed a $208 million funding round, which the company said was supported by , internal management, and other investors.

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Founded in 2006, the fresh round is the companys first outside investment, per 蹤獲弝け data.

Spreetail serves more than 500 brands, helping them push their e-commerce sales through analytics, insights and logistics on large platforms such as , and other sites.

Funding to so-called Amazon aggregator startups has dropped since the highs of 2020-21, when online retail was hitting new all-time levels due to pandemic lockdowns and consumers relying more on delivered goods.

Many brands, aggregators, and agencies are heavily leveraged moving into 2023, said CEO, in a . We have read the writing on the wall around post-pandemic shifts in consumer behavior combined with inflationary concerns and have repositioned Spreetail to increase our investment into our brand partnerships, our technology, and our organization this year.

Spreetail said it reached $1 billion in revenue in 2021.

However, in October it was the company had laid off a substantial number of what was believed to be an 800-person workforce.

Cornhusker cash

While Nebraska may not be a funding hot bed, the Spreetail round is not the states largest in the last 12 months.

Last July, Lincoln-based which produces clean hydrogen, carbon black and ammonia closed a $300 million round led by and , a partnership between and .

Thanks to that round, VC-backed startups in the state saw $465 million in funding last year more than the previous two years combined, per 蹤獲弝け data.

Illustration: Dom Guzman

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