Commerce Ventures

Commerce Ventures is an early-stage venture capital firm based in San Francisco, focusing on technology innovations in the retail and financial services sectors. The firm leverages a strategic LP network to enhance portfolio value.

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Overview

Commerce Ventures is a venture capital firm founded in 2013 and based in San Francisco, California. The firm focuses on investing in technology innovations within the retail and financial services sectors. It manages over $500 million across five funds and has made more than 139 investments since its inception. Commerce Ventures employs a thematic investment strategy, leveraging its extensive network of strategic relationships to enhance portfolio value. Notable portfolio companies include Bill.com, Forter, and Marqeta. The firm also runs the CV Access Fellowship, aimed at training aspiring venture capitalists from underrepresented backgrounds.

Focus

Commerce Ventures invests in a range of sectors collectively referred to as the Commerce Continuum, including retail technology, payment technology, banking technology, and insurance technology. The firm is particularly interested in integrated fintech, generative AI in retail and finance, and open banking themes.

Support

Commerce Ventures adds value to its portfolio companies through its strong network of strategic LPs, which includes some of the largest banks, retailers, and insurers in the U.S. This network not only provides capital but also serves as customers and partners, enhancing the growth potential of portfolio companies.

Questions

What are the investment criteria for Commerce Ventures?

Commerce Ventures focuses on early-stage companies in the commerce sector, particularly in fintech, retail, payments, banking, and insurance. They prefer companies with market-ready solutions and early customer adoption.

How can founders apply or pitch to Commerce Ventures?

Founders can pitch to Commerce Ventures by visiting their website at commerce.vc or by emailing their pitch deck to startups@commerce.vc.

What makes Commerce Ventures different from other VC firms?

The firm’s strategic LP network, which includes major banks, retailers, and insurers, provides not only capital but also valuable partnerships and customer access for portfolio companies.

What is the typical check size for investments?

Commerce Ventures typically invests in Seed rounds averaging $5.06 million and Series A rounds averaging $15.9 million.

What is the geographic focus of Commerce Ventures?

Commerce Ventures primarily invests in companies based in the United States.

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