We are pleased to announce that Spree Commerce has raised an additional $5M in Series A funding led by Thrive Capital. Also participating were Vegas Tech Fund (led by Zappos CEO Tony Hsieh), Red Swan (led by Bonobos CEO Andy Dunn) as well as existing investors True Ventures and AOL Ventures.
It’s been a little over two years since our first round of funding and Spree Commerce is going stronger than ever. There are now over 45,000 storefronts running on Spree Commerce software and we’re one of the most popular open source projects on Github. Spree Commerce is now in use by major online retailers like Bonobos and Surfdome as well as established public companies such as Chipotle (CMG), Amer Sports (AGDPY) and Nutrisystem (NTRI). This new funding will allow us to continue work on exciting products such as the Spree Commerce hub, which we introduced last year.
Our long history of supporting online sellers has shown us that many of them are struggling with backend integrations. Whether it’s accounting & ERP, shipping & logistics, or omnichannel support, developers are building time consuming ad hoc solutions. The Spree Commerce hub provides an automated platform with built in integrations for these systems so you can skip the drudge work of integration and focus on selling.
The hub is a paid product but the integrations are open source. Our storefront software will also continue to remain 100% free open source. I’m excited to share more this great news with you this week at SpreeConf (which is a total sellout!). For those of you not able to attend the conference now might be a good time to follow @spreecommerce on Twitter :)