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Tech Industry

SPS scoops up $18 million

SPS Commerce announced Monday that it raised $18 million in a second round of funding. River Cities Capital Funds and existing investors St. Paul Venture Capital, CID Equity Partners, Adams Street Partners, Granite Private Equity, Svoboda Collins & Co., Pacific Capital Ventures and Axiom Venture Partners all contributed to the round. The St. Paul, Minn.-based company has raised a total of $61 million. SPS Commerce is a provider of supply-chain-integration services to small and medium-sized businesses.