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Direct Commerce
Palo Alto, US · Founded 2023 · Delaware corporation · 1 known investors
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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.
Founders & leadership
BH
Bruce HanavanNamed on SEC filing
RW
Robert WadsworthNamed on SEC filing
KJ
Kent JohnsonNamed on SEC filing
RG
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 TechnologyRule 506(b)
▶$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
▶$5MraisedSep 2021 · 1 investors · Other TechnologyRule 506(b)
▶$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
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
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.