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.���
Search less. Close more.
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.
Founded in 2006, the fresh round is the company���s 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 state���s 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
Stay up to date with recent funding rounds, acquisitions, and more with the 蹤獲弝け Daily.


67.1K Followers