When was SPS Commerce founded?

SPS Commerce was founded in 1998 and raised its 1st funding round 2 years after it was founded.

Where is SPS Commerce located?

SPS Commerce is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota.

How many employees does SPS Commerce have?

As of Aug 31, 2026, the latest employee count at SPS Commerce is 3274.

Is SPS Commerce a funded company?

SPS Commerce is a funded company, having raised a total of $50.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 08, 2000.

When was the latest funding round of SPS Commerce?

SPS Commerce's latest funding was a $***** Series B round on Jun 03, 2007, with participation from 0 investor.

What is the annual revenue of SPS Commerce?

Annual revenue of SPS Commerce is between $500M and $1B as on Dec 31, 2025

Where does SPS Commerce rank among its competitors?

SPS Commerce ranks 15th amongst 1985 active competitors, of which 219 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Cart.com, which secured $180M in Mar, 2026.

Who are the top competitors of SPS Commerce?

SPS Commerce's top competitors include Shopify, Squarespace and BigCommerce. Among them, Cart.com secured the most recent funding round in March, 2026.

SPS Commerce - 2026 Company Profile, Funding, Competitors & Financials

SPS Commerce is a public company based in Minneapolis (United States), founded in 1998. It operates as a Provider of cloud-based platform for retail supply chain management solutions. SPS Commerce has raised $50.5M in funding from investors like Axiom Venture Partners, Granite Partners and Adams Street Partners. The company has 1985 active competitors, including 219 funded and 167 that have exited. Its top competitors include companies like Shopify, Squarespace and BigCommerce.

Company Details

Provider of cloud-based platform for retail supply chain management solutions. The company offers electronic data interchange, product information management, and supply chain performance monitoring. It also provides solutions for revenue recovery, order management, and analytics. The platform aims to streamline operations and improve information exchange between businesses and their partners.

Website: www.spscommerce.com/
Social
Email ID: *****@spscommerce.com
Registered Address: Minneapolis, Minnesota

Key Metrics

Founded Year

1998

Location

Minneapolis, United States

Stage

Public

Total Funding

$50.5M in 4 rounds

Latest Funding Round

Series B, Jun 03, 2007, $*****

Investors

Axiom Venture Partners & 7 more

Ranked

15^th among 1985 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2025

Employee Count

3,274 as on Aug 31, 2026

Investment & Acquisitions

Carbon6 & 15 more

Similar Companies

Shopify & 2241 more

Exit Details

Public

View SPS Commerce's full profile

SPS Commerce is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SPS COMMERCE, INC. CIN: 14120151270 , United States, Active	Mar 10, 2020	-	-	-
SPS CIN: 44103064383 , Latvia, Deadpooled	Jan 31, 2011	€0 - €1M (As on Dec 31, 2017)	1 (As on Dec 31, 2016)	-
SPS COMMERCE INC CIN: 1092699 , United States, Active	Apr 16, 2001	$500M - $1B (As on Dec 31, 2025)	-	-
SPS SUPPORT LTD CIN: 14029877 , United Kingdom, Active	Apr 05, 2022	£0 - £1M (As on Apr 30, 2023)	-
SPS COMMERCE, INC. CIN: 412015127 , United States, Active	Dec 26, 999	-	2131 (As on Dec 31, 2024)	-

SPS Commerce got listed on Apr 22, 2010.

Click here to take a look at SPS Commerce's IPO in detail

SPS Commerce has raised a total funding of $50.5M over 4 rounds. Its first funding round was on Feb 08, 2000. SPS Commerce has 8 institutional investors.

Here is the list of recent funding rounds of SPS Commerce:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 03, 2007	1090074	Series B	8837773	6977525	7834321	4163393
May 19, 2003	8846089	Series B	6399246	1427970	5270217	CID Capital & 2 more
Jun 10, 2001	5261721	Series B	5248693	1554493	CID Capital & 3 more	3436780

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View details of SPS Commerce's funding rounds and investors

SPS Commerce's employee count trend

SPS Commerce has 3,274 employees as of Aug 26. Here is SPS Commerce's employee count trend over the years:

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Top competitors of SPS Commerce include Shopify, Squarespace and BigCommerce. Here is the list of Top 10 competitors of SPS Commerce, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shopify 2006, Ottawa (Canada), Public	Provider of an all-in-one commerce platform for businesses of all sizes	$122M	Georgian, OMERS & 19 others	87/100
2nd	Squarespace 2003, United States, Acquired	Provider of tools for website creation, hosting, and online business	$591M	General Atlantic, T. Rowe Price & 20 others	82/100
3rd	BigCommerce 2009, Austin (United States), Public	Provider of ecommerce platform and related services for online businesses	$233M	Goldman Sachs, Floodgate & 13 others	74/100
4th	ShopUp 2017, Dhaka (Bangladesh), Series B	Retailer of neighborhood shops and clothing	$198M	Valar Ventures, Flourish & 12 others	73/100
5th	aCommerce 2013, Bangkok (Thailand), Series C	Provider of end-to-end e-commerce solutions, encompassing management and business insights	$119M	Emerald Media, Sinar Mas & 17 others	73/100
6th	AnyMind Group 2016, Minato (Japan), Public	Provider of e-commerce, marketing, and manufacturing platforms	$91.7M	Nomura, JP Investment & 15 others	72/100
7th	CommerceIQ 2012, Mountain View (United States), Series D	Provider of unified AI platform for retail ecommerce sales and optimization	$196M	SoftBank Vision Fund, Shasta Ventures & 6 others	71/100
8th	WooCommerce 2008, Cape Town (South Africa), Acquired	Developer of an open-source platform for customizable ecommerce solutions	-	TeamX	69/100
9th	Cart.com 2020, Houston (United States), Series D	Provider of unified commerce and logistics solutions for business growth	$735M	Trinity Capital, B. Riley Financial & 48 others	69/100
10th	Bumpa 2020, Lekki (Nigeria), Seed	Provider of suite solution for businesses	$4.2M	Base10 Partners, Whogohost & 19 others	69/100
15th	SPS Commerce 1998, Minneapolis (United States), Public	Provider of cloud-based platform for retail supply chain management solutions	$50.5M	Adams Street Partners, Seyen Capital & 6 others	67/100

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SPS Commerce has not made any investments yet. SPS Commerce has made 16 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 02, 2025	Acquisition	Carbon6	2021	New York City (United States)
Aug 01, 2024	Acquisition	SupplyPike	2016	Fayetteville (United States)
May 09, 2024	Acquisition	Traverse Systems	2000	Sugar Land (United States)