Commerce Ventures
UnclaimedAt a Glance
- Check Size
- $100K – $5M
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $150M
- Sectors
- Fintech, Marketplace, Enterprise +1
- Founded
- 2013
- HQ
- San Francisco, CA
About Commerce Ventures
Commerce Ventures is a venture capital firm based in San Francisco, CA founded in 2015. To partner with entrepreneurs who are building the platforms required for the future of retail and financial services. The firm focuses on Pre-Seed, Seed, Series A, Series B+ investments across sectors including Aerospace & Defense, Other, Consumer, Fintech, Climate. The firm manages $150M in assets under management. Notable portfolio companies include Ramp, ShipBob, Faire and Skio. Focused on investing in technology companies that are transforming commerce and retail infrastructure.
Investment Thesis
“Focused on investing in technology companies that are transforming commerce and retail infrastructure.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
- Commerce Ventures has raised five flagship funds from San Francisco, and the SEC record shows a clean climb in scale.
- Commerce Ventures, L.P. filed a $20 million Form D in February 2013 and reported $13,316,753 sold a year later against a first sale of February 15, 2013.
- Fund II came to market in August 2015 and sold $25,595,000 of a $40 million target.
- Fund III filed a $60 million offering in September 2018.
- Fund IV, filed June 2021, reported its full $137,750,000 offering as sold, with a parallel vehicle, Fund IV-A, selling $13,315,000 of $13,875,000.
- Fund V sought $150 million in August 2023 and reported $140,015,000 sold by the March 2024 amendment, with Fund V-A adding $10,950,000 on a $13.5 million offering.
- That is roughly $341 million of reported commitments across the vehicles that disclose amounts sold, with the two most recent vintages accounting for more than four fifths of it.
- Dan Rosen is named on all five funds, Matt Nichols from Fund III onward, and Ysbrant Marcelis from Fund V.
Team (1)
Related Articles (3)
Frequently Asked Questions
What stage does Commerce Ventures invest at?
Commerce Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Commerce Ventures located?
Commerce Ventures is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Commerce Ventures focus on?
Commerce Ventures focuses on investments in Fintech, Marketplace, Enterprise, Consumer. Their portfolio reflects deep expertise and networks within these sectors.
What is Commerce Ventures's typical check size?
Commerce Ventures's typical investment check size ranges from $100K to $5M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Commerce Ventures have under management?
Commerce Ventures manages approximately $150M in assets under management (AUM) across their funds.
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