1: Get out and vote! 🇺🇸 2: Check out the most recent episode of Commerce Conversations where Aaron Schumm of Vestwell talks about how he is working with legislators from both parties to help solve the retirement crisis in the US. "With what we're doing at Vestwell, focused on closing the savings gap across the country, there's a broad impact you can have. A lot of that comes from the legislative angle. I forget what year was the first time I went down to DC and 'ran the hill,' I went in really just as a voice to say, hey, listen, we're addressing a problem. This is an industry that's been around for a long time. There are a lot of players that have been doing it. They're telling you their side of the story. I'd like to reframe what's possible." Listen to the full episode on the link below! https://lnkd.in/eD9MrRbV
Commerce Ventures
Venture Capital and Private Equity Principals
San Francisco, CA 6,318 followers
Investing in the entrepreneurs powering the Commerce Continuum
About us
Commerce Ventures is an early stage venture capital firm focused on investing and empowering the next generation of technology innovators in the retail and financial services industries. Our deeply committed LP base is composed of a strategic blend of established entrepreneurs, corporate executives and market leading corporations, enabling us to meaningfully add value to our portfolio companies via introductions to potential clients, distribution partners, top tier advisers and potential key executive additions. We also pride ourselves on being a thought and strategy partner to our portfolio CEOs when we can be helpful, but not wasting their time otherwise. For more information about Commerce Ventures and our 40+ incredible portfolio companies, please visit commercevc.com.
- Website
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https://commerce.vc/
External link for Commerce Ventures
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 2-10 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2013
- Specialties
- Venture Capital, Strategic Investment, FinTech, InsureTech, Commerce, Retail, and Value Add
Locations
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Primary
Get directions
604 Mission Street
San Francisco, CA 94105, US
Employees at Commerce Ventures
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Matthew Nichols
General Partner - Commerce Ventures
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Frank Mastrangelo
Fintech Executive, Board Member, Advisor
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Chris Wang, CFA
Vice President, Strategy & Research at Commerce Ventures
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Matt Harris
I help seed stage founders backed by funds like a16z, First Round and YC raise follow on funding 82% of the time.
Updates
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On the back of Tabs announcing their $25M Series A, here's our deeper dive on why we're excited to continue backing them alongside our friends at General Catalyst, Lightspeed and Primary Venture Partners. https://lnkd.in/gcTr_HkF #Innovation #Automation #AccountsReceivable #MidMarket #Fintech #AI
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Thrilled to continue backing the team at Flueid as they create an on-demand consumer experience by fueling every part of the real estate transaction!
🎉Big news! We just raised $8.3M to accelerate our growth and scale #VOT! Excited for all that’s ahead with LiveOak Ventures, Detroit Venture Partners, Aquiline Capital Partners and Commerce Ventures backing our vision. Check out all the details 👉 #MakeGoodDecisions #VerificationofTitle #FueledbyFlueid #TitleInsurance #TitleIndustry #MortgageLending #RealEstate
Flueid Announces $8.3M in Growth Financing
flueid.com
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"What we do from the outside in is very hard to figure out. At that period of time investors are throwing cash at things whatever the flair was at the moment. And then when they would look at our business and they would like, this is awesome but I have no idea how to think about this." Aaron Schumm on raising Vestwell's Series C during Covid. Listen to the full episode on the link below! https://lnkd.in/eD9MrRbV
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Congrats to Parlay (Techstars '23) CEO Alex McLeod, MBA on winning our 2024 America's Got Access Pitch Competition! Parlay is a white label loan intelligence system that helps community banks and credit unions get more small businesses approved for SBA and conventional loans. Shoutout to our four other finalists Pedro F. Moura of Flourish Fi, Evan Leaphart of Kredit Academy, Bryan Young of Home Lending Pal), and Miguel Alecio of Plata as well. All five were all emerging Fintech entrepreneurs, chosen from a group of 100 applicants, who are designing innovative solutions to create greater access to financial services; each deserving of special recognition and support.
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It's a no brainer to continue backing Tabs alongside our friends at General Catalyst, Lightspeed and Primary Venture Partners. The global accounts receivable (A/R) automation market topped $3.5B in 2023, projected to hit $6B+ by 2027. Yet, most businesses still rely on manual or legacy systems to manage A/R—an area ripe for innovation. Why is A/R automation lagging? Complex workflows across verticals and the need for deep ERP & CRM integration. As a result, enterprise solutions and small-business point solutions have been the primary offerings, leaving the mid-market underserved. That’s why we invested in Tabs. Leveraging Generative AI, Tabs automates contracting, predictive invoicing, payment reconciliation, and more, solving the “beyond human scale” challenges in A/R. The potential? Faster cash flow, reduced friction, and stronger financial performance for the mid-market. #Innovation #Automation #AccountsReceivable #MidMarket #Fintech #AI
Announcing our $25M Series A led by General Catalyst 🎉 We started Tabs less than 24 months ago Our mission is to build the world’s most powerful Revenue Automation Platform for Finance Why? Relative to other areas of the Finance Stack (e.g. AP, Spend, Payroll), Revenue has been left behind Most teams manually aggregate critical commercial data in spreadsheets or rely on insanely painful custom integrations between ERP and CRM ...and after all this get paid late and spend hundreds of hours a year building custom reports Tabs via our powerful AI driven “Commercial Graph” handles Billing, Collections, Payments, Revenue Recognition, Renewals and Reporting, all purpose built for B2B Since coming out of Stealth ~6 months ago with our Seed led by Lightspeed, we’ve quickly scaled to 7-figures and built a product used daily by some of the fastest growing B2B companies and respected operators in the world! Thank you to our customers, accounting partners / advisors and operators who helped us get started and build so quickly Special shoutout to our Seed investors who believed in us and doubled down: • Brian Schechter and Rachel Pavey from Primary Venture Partners • Justin Overdorff, Sam Eisler and Aaron Frank from Lightspeed • Joe Montana / Matthew Mulvey from Liquid 2 Ventures, Vivek Krishnamurthy from Commerce Ventures, Jonathan Weiner, Matthew Harrigan and Nelson Boone Schubart from Company Ventures, Lex Zhao and Semyon Dukach from One Way Ventures and Wesley Yiu from Alumni Ventures And a warm welcome to the new investors joining us in this round: • Alex Tran and Nathaniel Levy-Westhead from General Catalyst (Joining our Board) • Gokul Rajaram • Casey Woo and the entire FOG Ventures syndicate • Kiran Lingam and Greg Raiten from The F Suite • Imraan Ahmed and Zunaira Arshad Watershed Ventures Learn more about the fundraise and our future (blog post and media linked in comments).
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With an exceptional team and exceptional founders, we couldn't be more excited to be backing Casap as they tackle one of the biggest challenges facing financial institutions: payment disputes and first-party fraud. Big things ahead!
🎉 Big News from Casap 🎉 We’re thrilled to introduce what we’ve been building at Casap and announce $8.5M in funding with a $7M seed round by Lightspeed and a $1.5M pre-seed by Primary Venture Partners to transform the future of payment operations! We believe that all financial institutions – the scaling fintech platforms, innovative credit unions, and forward-thinking banks – should be able to deliver differentiated consumer experiences and optimize their back-office operations at a fraction of today’s cost. Casap’s AI-powered automations and proprietary “first-party fraud score”, similar to a FICO score, combine to resolve a dispute end-to-end without human intervention. Our platform intelligently analyzes evidence, predicts outcomes, and automates key actions—such as issuing credits, filing chargebacks, and responding to merchants—while using our fraud score to identify suspicious consumers and merchants to proactively reduce disputes. ✨Book a demo at Casaphq.com ✨ We’re grateful to be partnering with incredible investors, including Commerce Ventures, Curql, Alloy Labs and others, who are supporting us on this journey. Check out our coverage in Axios: https://lnkd.in/eyRuxp-4 And read more about our story and the journey ahead here: https://lnkd.in/ewfxvexd Thank you to everyone who’s been part of our journey so far! We’re just getting started, and we can’t wait to show you what’s next. — Shanthi & Saisi
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Congrats to Carefull on being included in CB Insight's Fintech 100 list! Proud to be supporting you on your incredible journey of providing financial safety for older generations and their families.
We are honored to share that Carefull has been named to CB Insights’ annual Fintech 100, showcasing the most promising private fintech companies in the world! This recognition highlights Carefull’s innovative work in financial safety, specifically designed for older adults and their families. By creating solutions tailored to safeguard the finances of our aging population, we’re not just meeting a need—we’re paving the way for financial empowerment and protection for older generations. As we continue to innovate our AI-driven oversight for elder fraud, senior scams, and the financial mistakes that can occur with age, we’re proud to stand among fintech leaders driving positive change. Thank you to our amazing team, partners, and community for your ongoing support. We look forward to continuing to protect what matters most. 💙 Read the full story here: https://lnkd.in/ddsvFEDF #Fintech #Carefull #CBInsightsTop100 #FinancialSafety
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Thanks for having us, Electronic Transactions Association!
Thank you, Jason Kupferberg, Bank of America; Taylor Mefford, Goldman Sachs Specialty Lending Group; and Dan Rosen, Commerce Ventures, for showing us where the investment dollars are going. Attendees discovered the leading indicators of where private and public dollars are going. #TRANSACTTechNYC #Fintech #MobilePayments #MerchantServices #TTNYC #ETAEvents #Investment #Analysts #PaymentsAnalysts #PaymentInnovation #NYCEvent #Leadersinpayments #TRANSACTTech #ETA #ElectronicPayments #ElectronicTransactions #ElectronicTransactionsAssociation
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🎙️After announcing a $15M funding round last week, we're thrilled to share the latest episode of Commerce Conversations with Kirti Shenoy, Co-founder and CEO of Zeal! Vivek Krishnamurthy sat down with Kirti to go deep on the future of payroll technology. The two discuss everything from the evolution of Zeal, why modern businesses need flexible payroll solutions and how her upbringing influenced her entrepreneurial journey. You won’t want to miss this! #Fintech #PayrollTech #SaaS #Entrepreneurship #FutureOfWork https://lnkd.in/gqktcBSp