Investor profile
Commerce Ventures
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Commerce Ventures is an early-stage, thesis-driven venture capital firm founded in 2013 with a mission to partner with entrepreneurs building the platforms required for the future of retail and financial services. The firm organizes its focus around the 'Commerce Continuum™' — four interconnected verticals: Shop (retail tech), Spend (payment tech), Secure (insurance tech), and Save (banking/wealth tech). Commerce Ventures takes a deeply thematic approach, identifying macro trends and market dislocations before building portfolios around emerging themes such as stablecoins for borderless B2B payments, agentic commerce, AI for accounting, and modernizing commercial lending infrastructure. The firm deliberately does not lead rounds, instead investing with conviction as a non-lead participant at Seed, Series A, or beyond — preferring companies with market-ready solutions and early customer adoption. A defining feature of its model is its LP base of nine of the largest US banks, two of the largest US retailers, three leading global insurers, and major payment platforms, which serve as both capital providers and strategic distribution partners for portfolio companies. With $500M+ AUM across five funds and 120+ investments, Commerce Ventures leverages its dense B2B network to help portfolio companies find customers, distribution partners, advisors, and key executives.
Notable quotes
“Commerce Ventures has been a critical early part of the Socure Team, far beyond just as an investor, but also as a strategic thought partner, industry expert and source of commercial introductions that have led to $10s of millions worth of enterprise deals per year.”
“Commerce Ventures is one of my most helpful, well connected investors and adds tons of unique value in ways that complement more generalist venture capital firms.”
“They have the pulse of FinTech and are very well connected in the space. The firm can help with everything from connections to opinions and they give you the time you need to make the best informed decisions.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Marqeta | Series E | — | 2020-10-08 |
| Bill.com (BILL) | Early Stage | — | — |
| Socure | Series E | — | — |
| Vestwell | Seed | — | — |
| Forter | Early Stage | — | — |
| Kin Insurance | Series D | — | — |
| Narvar | Early Stage | — | — |
| Canary Technologies | Series C | — | — |
| GrailPay | Series A | — | 2026 |
| Fuse | Series A | $25m | 2026-03-16 |
Frequent co-investors
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