What is Spree?
Spree Commerce is a versatile open-source eCommerce platform engineered for both Business-to-Consumer (B2C) and Business-to-Business (B2B) markets. It distinguishes itself with advanced features such as multi-vendor marketplace capabilities and multi-tenant eCommerce solutions. The platform's headless API architecture provides extensive customizability, enabling seamless integration with existing enterprise systems. With a user base exceeding 5,000 businesses, Spree supports a wide array of applications, including wholesale operations, digital product sales, and omnichannel strategies. It is particularly well-suited for enterprises aiming to transition from legacy systems or launch new, sophisticated eCommerce initiatives.
How much funding has Spree raised?
Spree has raised a total of $6.5M across 2 funding rounds:
Angel/Seed
$1.5M
Series A
$5M
Angel/Seed (2011): $1.5M with participation from True Ventures and Aol Ventures
Series A (2014): $5M led by Vegas Tech Fund, AOL Ventures, Thrive Capital, Red Swan Ventures, and True Ventures
Key Investors in Spree
True Ventures
True Ventures is a venture capital firm that focuses on early-stage technology and artificial intelligence companies, providing capital and guidance to help founders build enduring businesses.
Vegas Tech Fund
Vegas Tech Fund is a seed-stage investment fund that supports founders and startups aiming to solve significant problems, with a focus on building a connected tech community in downtown Las Vegas.
Thrive Capital
Thrive Capital is an investment venture capital firm based in New York, specializing in internet and software sector investments.
What's next for Spree?
The substantial enterprise-level capital infusion signifies Spree's strategic positioning for accelerated growth and market leadership. This backing is anticipated to enhance its technological infrastructure, expand its global reach, and bolster its competitive edge against established players. The focus on strategic investment suggests a commitment to refining its open-source model and further developing its headless commerce capabilities to meet the evolving demands of large-scale B2C and B2B operations. Spree is poised to solidify its role as a key enabler for businesses seeking agile and scalable eCommerce solutions.
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