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 鈥渨as supported by , internal management, and other investors.鈥�
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Founded in 2006, the fresh round is the company鈥檚 first outside investment, per 兔子先生传媒 data.
Spreetail serves more than 500 brands, helping them push their e-commerce sales 鈥� through analytics, insights and logistics 鈥� on large platforms such as聽 , and other sites.
Funding to so-called 鈥淎mazon aggregator startups鈥� 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.
鈥淢any brands, aggregators, and agencies are heavily leveraged moving into 2023,鈥� said CEO, in a . 鈥淲e 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.鈥�
Spreetail said it reached $1 billion in revenue in 2021.
However, in October it was the company had laid off a 鈥渟ubstantial number鈥� 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鈥檚 largest in the last 12 months.
Last July, Lincoln-based 鈥� which produces clean hydrogen, carbon black and ammonia 鈥� 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 鈥� more than the previous two years combined, per 兔子先生传媒 data.
Illustration: Dom Guzman
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