United States · Growth startup

Who invested in SPS Commerce

3 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Funding summaryUpdated 26 Oct 2026

$39Mraised across 3 rounds since 2001, from 3 sources

$10MVenture$18MSeries B$11MGrowth
Latest round
Growth, $11MAug 2012
Biggest round
$18MSeries B · May 2003
Investors
7
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

200120032005200720092011
$10MVenture$18MSeries B$11MGrowth
First round
Venture, $10M
Jun 2001
Biggest round
$18M
Series B · May 2003
Usual gap between rounds
9.3 years
the median of 2

The rounds

  1. Aug 2012
    Growth$11M

    No investor was named in the report.

    Reported by sec.govSEC filing: $11M sold, first sale Aug 2012

  2. May 2003
    Series B$18M2 new2 returning

    From a historical funding record

  3. Jun 2001

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Exits

ExitBuyerPriceWhen
AcquiredGE Intelligent PlatformsundisclosedJan 2011
IPONASDAQ:SPSCundisclosedApr 2010

From historical deal records. Wrong? Tell us.

Everyone who backed them

Adams Street PartnersVC firm2rounds
St. Paul Venture CapitalGrowth equity2rounds
Granite VenturesVC firm1round
River Cities Capital FundsInvestment firm1round
Axiom VenturesGrowth equity1round
CID Equity CapitalGrowth equity1round
CID Equity PartnersVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists SPS Commerce as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

PartincVC firmPer its own site

Quick answers about SPS Commerce

Who invested in SPS Commerce?

SPS Commerce's investors include Adams Street Partners, St. Paul Venture Capital, Granite Ventures, River Cities Capital Funds and Axiom Ventures, and 2 more on record.

How much has SPS Commerce raised?

SPS Commerce has raised $39M across 3 rounds since 2001.

When did SPS Commerce last raise?

SPS Commerce's most recent round was a Growth of $11M in Aug 2012.

What was SPS Commerce's biggest round?

SPS Commerce's largest round on record is $18M (Series B), in May 2003.

Who backed SPS Commerce first?

SPS Commerce's first round on record, in Jun 2001, was backed by Adams Street Partners, Granite Ventures and St. Paul Venture Capital and 2 others.

What stage is SPS Commerce at?

SPS Commerce's latest named round is a Growth, in Aug 2012.

Where is SPS Commerce based?

SPS Commerce is based in the United States.

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