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Alternative Assets  + Latest News  + Private Equity  | 
E-Commerce Startup Spreetail Nails $208M in Funding – One of the Largest in Nebraska History

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.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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