COMMERCE VENTURES
COMMERCE VENTURES is a Pre-seed, Seed, Series A and Series C+ fund in the US, United Kingdom and Mexico writing $100K–$5M checks into AI, Fintech, retail, banking, insurance, commerce-infrastructure, accounting, finance-automation, agentic-commerce, stablecoins and commercial-lending.
- Stages
- Pre-seed, Seed, Series A, Series C+
- Sectors
- AI, Fintech, retail, banking, insurance, commerce-infrastructure, accounting, finance-automation, agentic-commerce, stablecoins, commercial-lending
- Check size
- $100K–$5M
- Invests in
- US-wide, United Kingdom, Mexico
- Round role
- Follows on
- Actively investing
- Yes
- Founded
- 2013
- Assets under management
- $500M+
Thesis
Commerce Ventures is an early-stage venture capital firm founded in 2013 and headquartered in San Francisco. With over $500 million in AUM across five funds, their most recent being Fund V ($150M+ in March 2024), they focus on B2B infrastructure companies within the "Commerce Continuum" (retail, payments, banking, insurance). Their thesis-driven approach targets companies that build platforms and infrastructure, acting as "enablers" for larger businesses. They invest primarily in the US, with some international presence in the UK and Mexico. Their strategy is thematic, focusing on areas like AI for finance automation, agentic commerce, and modernizing commercial lending. They typically invest $100K-$5M per deal, with specific ranges for Pre-Seed ($100K-$500K), Seed ($500K-$1.5M), and selectively in Series A. While they generally do not lead rounds, they provide significant operational support and leverage their extensive network.
Common questions
Does COMMERCE VENTURES invest at the Pre-seed stage?
Yes. COMMERCE VENTURES lists Pre-seed, Seed, Series A and Series C+ among the stages it invests in.
What check size does COMMERCE VENTURES write?
COMMERCE VENTURES writes $100K–$5M checks.
Where does COMMERCE VENTURES invest?
COMMERCE VENTURES invests in the US, United Kingdom and Mexico.