Commerce Ventures

Commerce Ventures is a San Francisco-based venture capital firm specializing in early-stage investments within the retail and financial services sectors. The firm focuses on technology innovators that are reshaping commerce, aiming to empower the next generation of entrepreneurs in these industries. Since its inception in 2013, Commerce Ventures has invested in over 100 companies, including notable exits such as Bill.com, Marqeta, and Narvar.

The firm's investment strategy is deeply thematic, concentrating on areas like integrated fintech for small and medium-sized businesses, direct shipping models, generative AI applications in retail and finance, and the expansion of open banking. This approach is supported by a proprietary ecosystem of strategic investors, including major U.S. banks, leading retailers, global insurers, and prominent payment platforms. These partnerships enable Commerce Ventures to provide portfolio companies with valuable resources, including introductions to potential clients, distribution partners, advisors, and key executive talent.

Commerce Ventures distinguishes itself by leveraging its extensive network to drive value for its portfolio companies. The firm has a history of investing in category-defining platforms such as Bill.com, Forter, Marqeta, MX, and Socure. Additionally, Commerce Ventures is committed to promoting diversity and inclusion, both in its investment activities and by supporting aspiring venture capitalists from underrepresented backgrounds through initiatives like the CV Access Fellowship. Over the past year, more than 40% of the firm's new investments had at least one founder with a diverse background, reflecting its dedication to fostering inclusivity in the venture capital ecosystem.