E-Commerce Startup Spreetail Nails $208M in Funding – One of the Largest in Cornhusker History

Spreetail, the Lincoln, NE-based e-commerce logistics and channel management company, announced one of the largest capital raises in Nebraska history with a massive $208 million funding round led by Omaha-based private equity firm McCarthy Capital, internal management, and “other investors,” according to the firm.

The investment ranks as the second largest ever for a Lincoln-based company, trailing only the $300 million Monolith raised last year.

The startup serves more than 500 brands, helping them push their e-commerce sales, through analytics, insights and logistics, on large platforms such as Amazon, Walmart.com and other sites.

While projections of ecommerce growth appear to be slowing, Spreetail believes it is “strategically poised” to weather what some are calling the ecommerce winter.

“We 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,” said Spreetail Global CEO, Brett Thome.

The company’s business boomed during COVID, as people stuck at home and flush with federal aid money spent record amounts online. Its sales spiked 90% in 2020.

US e-commerce sales grew 50% in 2021, hitting $870 billion, and Spreetail took advantage, posting $1 billion in revenue for the first time in the company’s history.