Commerce Ventures
San Francisco · Pre-Seed–Late Stage · 16 people tracked
Investment thesis
The firm connects founders, executives, and investors to generate strong investment returns while creating broader value across its network. The firm has grown its funds and portfolio over six years while maintaining a consistent vision focused on network effects and value creation.
Source: firm website, verified Jul 20, 2026.
Team · 16 people
from the firm's websiteFounder of Commerce Ventures with over 20 years of experience investing in technology and infrastructure startups, particularly focused on fintech. He leads the firm's fintech investment team and serves on boards of portfolio companies including BillGO, Kin, Moov, and Socure.
Founder of Commerce Ventures with over 20 years of experience investing in tech and infrastructure startups. He leads the firm's FinTech investment team and serves on boards of portfolio companies including BillGO, Kin, Moov, and Socure.
Veteran investor and operator with more than 20 years in early-stage technology companies. He leads Commerce Ventures' commerce infrastructure and retail technology investment team and previously served as CEO of Gemvara before its sale to Berkshire Hathaway.
Nearly a decade of focused experience in FinTech and InsurTech investment and banking. At Commerce Ventures, he targets tech-first opportunities in these sectors and their intersections with other verticals.
Operating executive with over 15 years in financial services and commerce across Fortune 500 companies and venture-backed firms. He leads the firm's corporate development team and oversees thematic analysis, with prior roles at Vantiv, Citigroup, and Booz & Company.
Strategy and corporate development professional who joined Commerce Ventures in 2024. He supports corporate engagement and thematic research efforts, previously serving as Director at EY-Parthenon advising Fortune 500 companies and private equity firms.
Senior executive with a decade at Walmart leading retail and omni-channel business transformation. He was instrumental in developing financial services and mobile wallet innovations at Walmart and previously served as Chief Product, Strategy and Development Officer at Green Dot Corporation.
Long-standing team member since 2014 providing executive and administrative support. She brings prior experience from Highland Capital Partners and Pyramid Management Group.
Joined Commerce Ventures in July 2021 to support operations. She brings administrative leadership from Cambridge Associates and early career retail experience.
Joined Commerce Ventures in 2025 to support thematic research and corporate engagement. Previously worked at Bain & Company advising on commercial and growth strategy for Fortune 500 companies and private equity firms.
Joined Commerce Ventures in July 2024 after serving as a CV Access Fellow. He brings experience from investment roles at JMI Equity focused on growth-stage software and 75 & Sunny Ventures focused on early-stage proptech.
Associate on the investment team with background in investment banking at Bank of America focused on M&A and private capital raises for emerging growth technology companies, plus roles at PeakSpan Capital and MGG Investment Group.
Joined the team in Spring 2022 with executive assistant experience from Bain & Company and the Boston Athletic Association.
Experienced accounting professional and certified public accountant who joined Commerce Ventures in 2020. She brings financial operations expertise from roles at ASICS Digital and Gemvara.
Joined Commerce Ventures in Summer 2022 bringing extensive administrative experience from Quiet Capital and Chicago-area law firms.
Independent investor and advisor involved with Commerce Ventures since its inception. He founded, led, and took CheckFree Corporation public, eventually selling it to Fiserv for $4.4 billion, and serves on multiple public and private company boards.
What they invest in
from 56 of 102 portfolio companiesFintech ×35Enterprise Software ×33SaaS ×32AI & Machine Learning ×18Data & Infrastructure ×7E-commerce ×7Logistics & Supply Chain ×5Cloud Computing ×4
HQs:United States×27Colombia×1Israel×1Nigeria×1Poland×1
Investments · showing 60 of 102
founders shown can be your intro pathConstrafor 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. The company serves the construction industry in the United States.
Construction TechEnterprise SoftwareFintechSaaSNew York, US
Anwar Ghauche(Founder & CEO)
Moov builds payments infrastructure software that enables businesses to embed payment processing capabilities into their products through direct connections to major payment networks. The platform consolidates fragmented legacy payment systems, serving thousands of businesses that move billions of dollars monthly.
Enterprise SoftwareFintechSaaS
Wade ArnoldBob Smith
Zeal is an embedded payroll and workforce payments platform for staffing companies, labor marketplaces, and workforce management tools. The company provides API-based onboarding, payroll processing, payments, and billing infrastructure designed to handle dynamic schedules, multiple worker classifications (W-2 and 1099), and multi-jurisdiction tax compliance.
FintechHR TechSaaSSan Francisco, US
Authentic builds technology infrastructure for specialized insurance programs, enabling brokers and carriers to develop tailored coverage for specific niches and classes. The platform uses data analytics to improve underwriting decisiveness and speed in commercial insurance.
Enterprise SoftwareInsurTech
Cole Riccardi(CEO & Cofounder)Kyle Babirad(COO & Cofounder)Saravana Kumar(CTO)
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. The platform connects legacy banking systems with digital innovation to enable institutional-grade settlement, optimize capital efficiency, and support 24/7 digital asset trading.
Data & InfrastructureEnterprise SoftwareFintech<UNKNOWN>
Bloom provides credit infrastructure and data APIs for financial institutions, fintechs, and platforms to make lending decisions and build credit-reporting tools. The platform enables access to consumer credit data, dispute management, and compliance-ready credit bureaus for underwriting and credit building.
Data & InfrastructureFintech<UNKNOWN>
Builder.io provides visual development tools that enable teams to collaborate on software development through a plug-and-play approach. The platform allows developers and non-technical team members to participate in the building process.
Cloud ComputingDeveloper ToolsSan Francisco, US
Bureau provides payment fraud prevention and account takeover detection technology for financial institutions and digital platforms. The company offers age verification and Know Your Customer (KYC) compliance solutions to reduce manual review costs and accelerate onboarding.
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. The company specializes in controlling tail spend—the cost of numerous small vendor transactions across enterprises.
B2B MarketplacesEnterprise SoftwareFintechSaaSNew York, US
Jeremy LappinShani Vaza
Cardless provides a modular credit card platform that allows companies to embed credit products directly into their applications and websites. The platform offers APIs, prebuilt components, and end-to-end infrastructure for managing credit card programs within a brand's own user experience.
Enterprise SoftwareFintechSaaS
Casap is an AI agent platform for dispute and fraud operations at financial institutions including banks, credit unions, and fintechs. The platform automates manual dispute resolution and fraud detection workflows to reduce costs and operational risk.
AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US
Shanthi Shanmugam(Chief Executive Officer, Co-Founder)Saisi Peter(Co-Founder)
Class8 processes fleet telematics data from trucking companies to provide operational insights and management tools. The company serves trucking carriers through white-labeled solutions integrated with electronic logging devices and original equipment manufacturers.
Data & InfrastructureEnterprise SoftwareIoTLogistics & Supply Chain
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. It serves small to mid-market organizations seeking to reduce procurement costs and operational inefficiencies through a centralized system.
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. It serves use cases including global payments, treasury management, and AI agent enablement across fintech, neobanking, and enterprise applications.
Crypto & Web3FintechSaaS
Duplo provides a financial platform enabling African businesses to manage local and international payments through multi-currency wallets, facilitating cross-border commerce across the continent.
B2B MarketplacesEnterprise SoftwareFintechSaaSLA, NG
Yele Oyekola(Co-Founder and CEO)inTunde Akinnuwa(Co-Founder and COO)in
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. The tags can be programmed in JavaScript and connect via LTE to send real-time location data to customer cloud endpoints.
Developer ToolsEnterprise SoftwareHardwareIoTLogistics & Supply ChainKraków, PL
Jakub Krzych(Founder/CEO)inLukasz Kostka(Founder/CTO)in<UNKNOWN>
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. The platform serves financial-infrastructure firms and creative-industry firms with multi-source data connectivity and agent deployment capabilities.
AI & Machine LearningData & InfrastructureEnterprise Software
Forter provides identity intelligence and fraud prevention for digital commerce. The platform automates transaction decisions for online retailers and payment processors to improve approval rates while detecting fraudulent activity.
AI & Machine LearningE-commerceFintech
Michael(Co-founder)Liron(Co-founder)
Fountain provides an applicant tracking system designed specifically for hiring hourly workers at scale. The platform helps recruiters manage hiring processes from application to first day of work across 75+ countries.
AI & Machine LearningEnterprise SoftwareHR TechMarketplacesSaaSSan Francisco, US
Keith Ryu(Founder/CEO)in
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)
Mulberry provides product protection and shopping assurance coverage for online purchases, offering unlimited claims with no deductibles or fees to consumers.
AI & Machine LearningConsumerE-commerceInsurTechSaaS<UNKNOWN>
Purple Dot provides inventory management software for eCommerce brands and retailers, addressing overstock and understock issues by enabling flexible selling of stock in warehouses, in transit, and pre-production. The platform helps operators reduce unsold inventory and improve commerce operations through better visibility and control.
E-commerceEnterprise SoftwareLogistics & Supply ChainRetail TechSaaSNew York, US
Greenboard provides compliance software for financial institutions to manage SEC regulations and maintain compliance programs. The platform combines human judgment with AI technology to help compliance personnel build organizational compliance culture and maintain reliable assessment data.
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. The company serves the world's largest financial institutions and operates globally across multiple offices.
AI & Machine LearningCloud ComputingData & InfrastructureFintechNot stated, US
Adam Zbar(Founder and CEO)Hubert Wu(Head of Global Payment Engineering and Chief Architect)Wenhao Lin, PhD(Head of Hamsa Unified Ledger team)
Inbox Health provides automated patient billing and collections software for healthcare practices. It sends customized billing messages via multiple channels (email, text, mail, voice) and adapts follow-up communications based on patient responses.
HealthtechSaaS
InStock develops software-driven goods-to-person robotics and automation systems for eCommerce fulfillment operations. The company serves retailers and fulfillment businesses seeking flexible, scalable inventory management with minimal physical footprint.
E-commerceLogistics & Supply ChainRoboticsSaaS
BILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Karat conducts technical interviews and evaluates engineering talent for organizations, providing workforce intelligence through expert-led assessments and AI-native simulations. The company serves large enterprises seeking to build a more capable, AI-ready workforce through consistent evaluation methodologies.
AI & Machine LearningEnterprise SoftwareHR Tech
Karat provides financial products and credit solutions for creators and entrepreneurs. The platform serves individual creators, talent agencies, and creator-focused businesses with tools to manage finances and access credit.
Creator EconomyFintechLos Angeles, US
Kasisto develops agentic AI software for banking and financial institutions, enabling predictive customer engagement, personalized experiences, and proactive outreach while maintaining regulatory compliance. The platform combines behavioral intelligence and multi-agent coordination to help banks reduce costs, increase revenue, and improve customer satisfaction.
AI & Machine LearningEnterprise SoftwareFintech
Kastle builds AI voice agents for consumer lending and loan servicing, automating high-volume phone calls, payments, and borrower inquiries for FDIC-insured banks and mortgage lenders. The platform integrates with existing contact center systems and includes compliance engines pre-trained on lending regulations like FDCPA and RESPA.
AI & Machine LearningEnterprise SoftwareFintechSan Francisco, US
Lithic provides a modular card issuing and processing platform that enables companies to build and manage payment programs. The platform serves financial services companies and fintech firms seeking developer-friendly infrastructure with direct network connectivity and fast deployment.
Developer ToolsEnterprise SoftwareFintechSaaSSan Francisco, US
Privacy founders (company founded in 2014)
Board seats · per SEC filings
what is this? ⓘRaise · filed Aug 2025 · via Daniel Eckert
Inferred from directors named on each 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 sectors does Commerce Ventures focus on?
- Commerce Ventures focuses on Fintech, Marketplaces, Retail Tech.
- Where is Commerce Ventures located?
- Commerce Ventures is headquartered in San Francisco, US.
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