All investors$10M$8M$3MQ3 2025Q3 2025Q4 2024Q3 2024
Commerce Ventures is a venture capital firm in San Francisco, CA. It invests at seed to growth, it backs companies in Consumer and it joins rounds others lead.
Commerce Ventures
San Francisco, CA
Backs seed and Series A retail, payments, insurance and banking infrastructure founders, typically following rather than leading the round.Source
At a glance
- Stage
- Seed to Growth
- Industry
- Consumer
- Lead
- Follows
- How to pitch
- By email
What they look for
Invests early, from seed through Series A and beyond, in companies building the infrastructure for retail, payments, banking and insurance. Typically does not lead rounds but invests with conviction, drawing on a network of retail and financial services executives to help portfolio companies find customers and partners.
Portfolio highlights
Bill.comForterInAuth
Latest fund
- Fund size
- $27M
Their largest fund closed in the last two years, per SEC filings. This is the fund's size, not a check size.
From SEC filings
Board seats3
Daily Grabs Inc.
Toronto, A6
company round · Q1 2025
Ezra Climate Inc.
Covina, CA
company round · Q2 2025
Algenesis Corp
San Diego, CA · Technology
company round · Q4 2024
Companies where one of their partners holds a board or officer seat. Typical round: $5M to $20M. Amounts are the company's whole round, not this investor's check.
Named on filings3
Daniel Rosen
Executive Officer
Last filed 18 September 2025
Matt Nichols
Executive Officer
Last filed 18 September 2025
Ysbrant Marcelis
Executive Officer
Last filed 9 October 2024
Funds
CV II Waterfront E, LLC
$3M closed from their investors
CV FP, LLC
$2M closed of a $2M target
CV Opportunities II, L.P.
$27M closed from their investors
CV Opportunities II, L.P.
$18M closed of a $20M target
38 venture funds in total. Shown here are the ones that filed in the last two years.
Fund filings by quarter
Q3 2024Q2 2026
SourcesLast updated 29 September 2026
Told us whether they lead, their logo, the stage they invest at, the one-line description above and what they look for. Checked 23 September 2026.
Told us the name they go by, how they take pitches and what they invest in. Checked 23 September 2026.
Told us their portfolio. Checked 23 September 2026.
Website
Confirmed as theirs on 22 September 2026.
SEC Form D, 4 filings
Funds, partners and board seats. Filed between 8 August 2024 and 18 September 2025.
SEC Form ADV
Firm name, office and fund count. CRD 167328. Last filed 13 March 2026.