Open source e-commerce platform Spree Commerce has raised $5 million in Series A funding led by Thrive Capital. Vegas Tech Fund (led by Tony Hsieh, CEO of Zappos.com), Red Swan Ventures, and existing investors True Ventures and AOL Ventures also participated in the investment.

Littlebits has raised a $11 million Series B round of funding. The investment was led by True Ventures and Foundry Group. Other participants in...