Who are Direct Commerce's investors?

Direct Commerce's investors include SaaS Capital.

How much funding has Direct Commerce raised?

Direct Commerce has disclosed $7.5M raised across 2 of its 3 known rounds.

Where is Direct Commerce headquartered?

Direct Commerce is headquartered in Palo Alto, US.

Direct Commerce

Palo Alto, US · Founded 2023 · Delaware corporation · 1 known investors

Find your way into Direct Commerce

Your email: who you already know at Direct Commerce, and who your contacts know
2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Direct Commerce team
Your LinkedIn: the connections who can make the intro for you

We rank every route by how warm it is, so you raise on warm intros instead of cold emails.

Direct Commerce provides accounts payable and spend management software that connects enterprise buyers with their suppliers, including a Supplier-First model launched in 2023. It serves large enterprises and Fortune 500 companies across industries such as aerospace, manufacturing, and healthcare.

Enterprise Software Fintech SaaS

Founders & leadership

Bruce HanavanNamed on SEC filing

Robert WadsworthNamed on SEC filing

Kent JohnsonNamed on SEC filing

Richard GarvinNamed on SEC filing

Investors · 1

SaaS Capitallisted by SaaS CapitalSeattle

How we know: funding news · press coverage · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$7.5M disclosed across 2 of 3 rounds · 2019–2023

▶$2.5MraisedAug 2023 · 1 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Steve WadsworthDirector
Kent JohnsonExecutive Officer, Director
Robert WadsworthDirector
John MecklenburgExecutive Officer, Director
Bruce HanavanExecutive Officer, Director

Offering amount: $2.5M
Amount sold: $2.5M
Minimum investment: $2.5M
First sale: Jul 2023
Incorporated: Corporation, Delaware, 2023
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$5MraisedSep 2021 · 1 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Bruce HanavanExecutive Officer, Director
Robert WadsworthDirector
Kent JohnsonExecutive Officer, Director
Richard GarvinDirector

Offering amount: $10M
Amount sold: $5M
Sales commissions: $216K
Placement agents: Seabrook Partners LLC
First sale: Aug 2021
Incorporated: Corporation, California
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 4

BigCommerce (NASDAQ:CMRC)BigCommerce is a cloud-based ecommerce platform that enables merchants and retailers to build and manage online stores. The company serves retailers of all sizes across 150+ countries.

JoistEverCommerce provides integrated SaaS solutions for service-based small and medium businesses, including business management, payment acceptance, and customer engagement software. The company serves more than 745,000 global service SMBs across industries in the service economy, including home and field services.

TrueCommerceTrueCommerce provides EDI, API, and integration solutions for supply chain automation and B2B/B2G e-commerce connectivity. The platform helps businesses connect with trading partners, manage orders and invoicing, and integrate with ERP systems to streamline supply chain operations.

commercetoolscommercetools provides a headless, composable commerce platform for enterprises to run B2C, B2B, B2B2C and D2C models from a unified system, handling catalog, checkout, pricing and storefront. It also offers AI-driven tools for automating commerce workflows and governing AI agents, serving large enterprises across retail, CPG, manufacturing and healthcare globally.

Companies working in the same space as Direct Commerce.

In the news

20 Year P2P Automation Leader Direct Commerce Secures Funding from W3 Capital for the Next Generation of Enterprise Automationprnewswire.com · Dec 2021

Frequently asked questions

What does Direct Commerce do?: Direct Commerce provides accounts payable and spend management software that connects enterprise buyers with their suppliers, including a Supplier-First model launched in 2023. It serves large enterprises and Fortune 500 companies across industries such as aerospace, manufacturing, and healthcare.
Who are Direct Commerce's investors?: Direct Commerce's investors include SaaS Capital.
How much funding has Direct Commerce raised?: Direct Commerce has disclosed $7.5M raised across 2 of its 3 known rounds.
Where is Direct Commerce headquartered?: Direct Commerce is headquartered in Palo Alto, US.