The Spree project began four years ago with a blog post and then received contributions from more than 100 people.

Spree Commerce, a US-based developer of an open-source electronic commerce platform based on Ruby on Rails software code, has raised $1.5m in its seed round from a consortium including corporate venturing unit AOL Ventures. 

Venture capital firm True Ventures led the seed round, and was joined by angel investor Sean Glass.

The Spree project began four years ago with a blog post and then received contributions from more than 100 people.

Sean Schofield, chief executive of Spree Commerce, said: "Spree…