Commerce Ventures
Venture capitalSan Francisco · Pre-Seed–Late Stage · 21 people tracked
Also known as COMMERCE VENTURES MANAGEMENT, LLC
Investment thesis
Commerce Ventures invests in companies shaping the future of retail and financial services, taking a narrow, sector-specific and deeply thematic approach. Its focus areas span what the firm calls the Commerce Continuum, including retail tech, payment tech, insurance tech, and banking tech. The firm leverages a sector-specific network to help portfolio companies find customers, distribution partners, advisors, and key executives. Themes are informed by the visions of entrepreneurs and the needs voiced by corporate executives in its network.
Source: firm website, verified Aug 3, 2026.
Team · 21 people
from the firm's website & public directories
What they invest in
from 71 of 118 portfolio companiesFintech ×42SaaS ×40Enterprise Software ×37AI & Machine Learning ×22Data & Infrastructure ×8E-commerce ×8InsurTech ×6Logistics & Supply Chain ×6
HQs:United States×47Colombia×1Israel×1Nigeria×1Poland×1
Investments · 118 tracked
founders shown can be your intro pathFinancial automation software for small and midsize businesses
BILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses.
AI & Machine LearningEnterprise SoftwareFintechSaaSSan Jose, US
Stephen Fisher(Director)Rene A. Lacerte(Executive Officer, Director)Steven Piaker(Director)Bora Chung(Executive Officer)Colleen Taylor(Director)Allison Mnookin(Director)
Constrafor provides a SaaS and fintech platform for general contractors and subcontractors to manage back-office operations, procurement, invoicing, and payments, with integrated AI-powered job costing and receivables financing capabilities.
Construction TechEnterprise SoftwareFintechSaaSNew York, US
Anwar Ghauche(Founder & CEO)in
Relcu is an AI-driven platform for financial institutions that unifies lead management, omnichannel engagement (voice, SMS, email), pricing, marketing automation, and analytics for mortgage and deposit teams.
AI & Machine LearningFintechSaaS
Abhijat Thakur(CEO & Founder)Sergey Mamyan(Chief Technology Officer)Trip Jendron(Product & Corporate Development)
New York, US
Alexander Venino(Manager)Asif Ramji(Manager)William Mitchell(Manager and Chief Executive Officer)Jeremy Schein(Manager)Daniel Eckert(Manager)Adrian Guerra-Cardus(Manager)
Board seatDaniel J. Eckert· per SEC Form D · filed Aug 2025
BillGO operates an open biller network that processes both consumer and business-to-business bill payments, with a focus on micro-to-small businesses and suppliers that rely on checks.
FintechSaaSFort Collins, US
Peter J. Kight(Director)Kenneth Wayne Allen(Director)Larry Mazza(Director)Daniel W. Holt(Executive Officer, Director)Scott M. Miller(Executive Officer, Director)Stephen R. Biddle(Director)
Board seatDan Rosen· per SEC Form D
New York, US
Board seatDan Rosen· per SEC Form D · $5M raise · filed Sep 2023
Inbox Health provides automated patient billing and collections software for healthcare practices.
HealthtechSaaSNew Haven, US
Lawrence Walker(Executive Officer, Director)Jason Pavona(Director)Steven Piaker(Director)Kent Ivanoff(Director)Vivek Krishnamurthy(Director)David Sturek(Director)
Board seatDan Rosen· per SEC Form D
Kin is a home insurance provider that offers both self-service and agent-assisted policy purchase and management for homeowners.
InsurTechChicago, US
Sean Harper(Co-Founder and Chief Executive Officer)S. Caribou Honig(Director)Lucas Ward(Executive Officer and Director)
BoardEric Carlborg(Director)
Board seatDan Rosen· per SEC Form D · $15M raise · filed Jan 2024
Cedar Falls, US
David Wade Arnold(Executive Officer, Director)Robert L. Smith(Executive Officer, Director)Joel Tosi(Executive Officer)
BoardMatt Harris(Director)Angela Strange(Director)
Board seatDan Rosen· per SEC Form D · $11.5M raise · filed Oct 2025
Socure provides an AI-driven platform for digital identity verification, fraud prevention, and risk decisioning, serving enterprises and government agencies across financial services, gaming, healthcare, e-commerce, and other sectors.
AI & Machine LearningCybersecurityFintechNew York, US
John F. Frankel(Director)Sunil Madhu(Executive Officer, Director)Alessandro Piol(Director)Pavlo Protopapa(Director)John Ayers(Executive Officer, Director)
Board seatDan Rosen· per SEC Form D
Authentic builds technology infrastructure for specialized insurance programs, enabling brokers and carriers to develop tailored coverage for specific niches and classes.
Enterprise SoftwareInsurTech
Cole Riccardi(CEO & Cofounder)Kyle Babirad(COO & Cofounder)Saravana Kumar(CTO)
Autobooks provides embedded banking technology to financial institutions to help them attract and retain small business customers by enabling business owners to manage finances and cash flow directly through their bank's digital platform.
Enterprise SoftwareFintechSaaSDetroit, US
Steven Robert(Executive Officer)John Schmid(Executive Officer)Jeff Blackman(Executive Officer)in
Baton Systems provides a real-time, distributed ledger technology platform for liquidity management, collateral handling, and payments settlement in financial markets, serving major global banks and financial institutions.
Data & InfrastructureEnterprise SoftwareFintech<UNKNOWN>, US
Arjun Jayaram(Executive Officer, Director)Andres Choussy(Executive Officer)Lewis Kaden(Director)Schwark Satyavolu(Director)Mark Beeston(Director)
Bloom provides credit infrastructure and data APIs for financial institutions, fintechs, and platforms to make lending decisions and build credit-reporting tools.
Data & InfrastructureFintech<UNKNOWN>
Builder.io provides visual development tools that enable teams to collaborate on software development through a plug-and-play approach.
Cloud ComputingDeveloper ToolsSan Francisco, US
Bureau provides payment fraud prevention and account takeover detection technology for financial institutions and digital platforms.
AI & Machine LearningCybersecurityFintech
Canary Technologies provides digital management software for hotels, replacing traditional paper-based administrative and operational workflows used across the hospitality industry.
Enterprise SoftwareSaaSNew York City, US
Candex provides a platform to manage vendor engagement, tracking, and payment for organizations, eliminating manual administrative overhead in procuring and paying service vendors.
B2B MarketplacesEnterprise SoftwareFintechSaaSNew York, US
Carefull provides a financial safety platform designed for families managing the financial complexities of aging, helping prevent fraud, scams, and financial mismanagement while enabling coordinated decision-making across family members and trusted financial institutions.
Digital HealthEnterprise SoftwareFintechWellness & Fitness
Max Goldman(Co-CEO / Founder)Todd Rovak(Co-CEO / Founder)
ControlHub is a procurement software platform that automates purchase-to-pay (P2P) workflows for businesses, including requisition management, purchase order generation, approval workflows, and supplier management.
Enterprise SoftwareFintechSaaS
Rodrigo Santibanez(Founder)inLeonardo de la Cerda(Founder)in
Crossmint is a platform for integrating stablecoin infrastructure including wallets, onramps, and payment orchestration for enterprises and developers.
Crypto & Web3FintechSaaS
Estimote develops Ultra Wideband (UWB) tags and proximity sensors for precise indoor and outdoor location tracking, automation, and asset management across warehousing, logistics, healthcare, retail, and hospitality.
Developer ToolsEnterprise SoftwareHardwareIoTLogistics & Supply ChainKraków, PL
FI Navigator extracts unstructured website and public data on U.S. banks and credit unions and converts it into comparable analytics covering institutional profiles, technology vendor-product relationships, financials, market data, and a contact database.
Data & InfrastructureFintechSaaSSales TechAtlanta, US
J. Curry Pelot(Executive Officer, Director)Steven C. Cotton(Executive Officer, Director)
FleetOps, now rebranded as Class8, is a company operating in the transportation and logistics sector.
Logistics & Supply Chain
Edisyl builds a semantic layer for enterprise data that encodes organizational understanding of metrics and data meaning, enabling AI tools to answer questions according to business logic.
AI & Machine LearningData & InfrastructureEnterprise SoftwareBoston, US
Adam D'Augelli(Director)Ralph Folz(Director)David Balter(Executive Officer, Director)Shikar Ghosh(Director)
Greenboard provides compliance software for financial institutions to manage SEC regulations and maintain compliance programs.
AI & Machine LearningEnterprise SoftwareFintechSaaSNew York City, US
Dave Feldman(Founder)inEdward Schembor(Co-Founder / CTO)inAlex Stickelman(CCO & COO)
Hamsa provides blockchain-based financial infrastructure for banks and central banks to support faster, cheaper clearing and settlement through its Unified Ledger platform.
AI & Machine LearningCloud ComputingData & InfrastructureFintechNot stated, US
Adam Zbar(Founder and CEO)inHubert Wu(Head of Global Payment Engineering and Chief Architect)inWenhao Lin, PhD(Head of Hamsa Unified Ledger team)in
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Judi Health provides a unified platform for administering medical, pharmacy, dental, and vision benefits on a single system, eliminating fragmented vendor approaches and enabling holistic claims processing and cost visibility.
Enterprise SoftwareHealthtechSaaS
HMBradley was a consumer digital banking platform offering deposit and credit card products; the company has since pivoted to provide banking technology to established financial institutions.
Fintech
Zach
InStock develops software-driven goods-to-person robotics and automation systems for eCommerce fulfillment operations.
E-commerceLogistics & Supply ChainRoboticsSaaSSan Carlos, US
Yegor Anchyshkin(Executive Officer, Director)Victor Smetaniuk(Director)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Commerce Ventures invest at?
- Commerce Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Commerce Ventures's typical check size?
- Commerce Ventures typically writes checks of $1M – $5M.
- What sectors does Commerce Ventures focus on?
- Commerce Ventures focuses on E-commerce, Fintech, InsurTech, Marketplaces, Retail Tech.
- Where is Commerce Ventures located?
- Commerce Ventures is headquartered in San Francisco, US.
- Does Commerce Ventures lead rounds?
- Commerce Ventures typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamFunding the Future: Dan Rosen, Founder and GP at Commerce Ventures
Front Lines Media · Dan Rosen
VC Requires Analytical Skills and Sharp People Insights - Dan Rosen, Commerce Ventures
Miguel Armaza · Dan Rosen
Building a Successful VC-Founder Relationship - Dan Rosen, Commerce Ventures Founder
Miguel Armaza · Dan Rosen
Dan Rosen, Commerce Ventures Founder - Advantages of Repeat Founders & How to Build a Top VC
Miguel Armaza · Dan Rosen
Advantages of Second-Time Founders - Dan Rosen, Commerce Ventures Founder
Miguel Armaza · Dan Rosen
What are the Qualities of a Great VC? - Dan Rosen, Commerce Ventures Founder
Miguel Armaza · Dan Rosen
Images
Co-investors · 66
Point72 Ventures is a venture capital firm that backs founders across sectors, providing insight, industry expertise, and network support. Since 2016 it has invested in more than 130 companies.
Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.
Scale Venture Partners is an early-stage investor that partners with AI companies to help them grow from founder-led growth into a scalable go-to-market operation.
QED Investors is a venture capital firm founded by former Capital One executives that invests in founders building transparency and fairness into financial services.
Propel Venture Partners is an early-stage venture capital firm that backs founders building companies for the new economy.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
B Capital Group is a global venture capital firm that backs founders from early to late stage, with dedicated stage-based funds and a portfolio spanning technology, healthcare, and energy and resilience sectors.
Abstract is a San Francisco-based venture capital firm managing $1.8 billion in assets, focused on seed and early-stage investments.
March Capital is an early-growth venture capital firm investing in frontier technology companies focused on the AI revolution, partnering with founders to build category-defining businesses.
Mouro Capital is a venture capital investor backing early to growth stage companies, leveraging its expertise and global network across multiple regions.
Lobby Capital is a venture capital firm that funds entrepreneurs building transformational technology companies across sectors including enterprise AI, cybersecurity, robotics, and consumer applications.
Nyca Partners is a fintech-focused venture capital firm that invests primarily in early-stage financial services and technology companies, offering founders strategic support and access to a large advisor network.
▶54 more co-investors
NewView CapitalFinTech CollectiveOperator StackCurql Collective, LLCLightspeed Venture PartnersBain Capital VenturesOak HC/FTPICUS CAPITALRidge VenturesAltaIR CapitalPelion Venture PartnersWork-BenchFELIX CAPITALMucker CapitalG20 VenturesFlint CapitalArbor VenturesConnecticut InnovationsSandalphon CapitalHealthy VenturesAvanta VenturesBenchmarkSV AngelUnknown VenturesMenlo VenturesNorwest Venture PartnersFreestyle CapitalAccel-KKRUncorrelated VenturesChemistryCiti VenturesSpider CapitalFlourish VenturesHighland Capital PartnersEXPONENT FOUNDERS CAPITALBlueRun VenturesConvective Capital20VCmuru-DMiramar Venture PartnersGrotech VenturesLigature VCKindred CapitalBroadhaven Capital PartnersLiveOak Venture PartnersCathay InnovationJLL SparkEnergy Capital VenturesKaya FoundersStarframeEarthshot VenturesAlphaPrime VenturesMonroe CapitalNCT Ventures
Firms observed investing alongside Commerce Ventures, from public investor directories. Shared companies are the overlap with Commerce Ventures's recorded portfolio.
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