Direct Commerce
Palo Alto, US · Founded 2023 · Delaware corporation · 1 known investors
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 SoftwareFintechSaaS
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
Reported raises · per SEC filings
Form D private placements$7.5M disclosed across 2 rounds · 2021–2023
▶$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.
Competitors · 4
by search overlap
BigCommerce (NASDAQ:CMRC)19 shared keywordsBigCommerce 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.
EverCommerce17 shared keywordsEverCommerce provides end-to-end SaaS solutions for businesses in the service economy, organized around home and field services (EverPro), health services (EverHealth), and wellness (EverWell). It operates a service commerce platform serving small and mid-sized service businesses globally.
Truecommerce12 shared keywordsTrueCommerce provides cloud-based EDI (electronic data interchange) and supply chain integration software that connects businesses with trading partners, retailers, and ERP systems such as Acumatica, NetSuite, and Microsoft Dynamics 365. It serves suppliers, distributors, and retailers looking to automate order, invoice, and inventory processes.
Commercetools11 shared keywordscommercetools 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 competing with Direct Commerce for the same Google search keywords, organic and paid, via search-intersection analysis.
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 rounds.
- Where is Direct Commerce headquartered?
- Direct Commerce is headquartered in Palo Alto, US.