Exciting news! We’re thrilled to announce the closing of Fund V, with more than $150M in committed capital. We couldn’t have done this without our esteemed LPs, dedicated partners, and our incredible founders, whose collective efforts have paved the way for our continued investment in the Commerce Continuum. In addition, we’re excited to announce that long-time advisor Daniel Eckert will expand his involvement and serve as a Venture Partner with the new fund. Daniel collaborated with the firm informally for many years, while running financial services and digital acceleration for Walmart during its omni-channel transformation and has been a Senior Advisor to Commerce Ventures for the past three years. With this fresh capital, we’re excited to continue backing the next generation of founders building platforms for retail and financial services. We invite like-minded founders, executives and collaborators to join us in this next wave of innovation that will reshape our industry! Press release: https://lnkd.in/g8ASsqcU Article in Fortune: https://lnkd.in/g9WJdqPU
Commerce Ventures
Venture Capital and Private Equity Principals
San Francisco, CA 6,109 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
604 Mission Street
San Francisco, CA 94105, US
Employees at Commerce Ventures
Updates
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Delighted to be a part of Linker Finance (TS F23)'s journey!
🥁 Thrilled to Share!!🥁 We've successfully raised $3.7M in seed funding, led by TenOneTen Ventures and Chingona Ventures, with participation from amazing investors like Audaz Capital, Techstars, Bank of Brodhead, Angeles Investors, Commerce Ventures and our incredible angel investors, including Edrizio De La Cruz, Ahmed A. Mirza, Michael Olson, Selden Frisbee, Peter Cheung, Hector Ramos, and Roberto Medrano. Big shoutout to our amazing advisors Stuart Cook, Michael Koerner and Kelsey Weaver for their invaluable guidance and support throughout this journey. This milestone brings us one step closer to our mission of empowering community banks with the tools they need to transform their strong relationships into exceptional digital experiences. 🚀 https://bit.ly/3yUAdDX Matt Kozlov Minnie Ingersoll Eric Pakravan Samara Mejia Hernandez Dan Rosen Nicole Toussaint Beto Pallares Maximo Gamez Grisel Hernandez David Olivencia Adela Cepeda Francisco Mariscal Radek Paklikowski Gray Skinner Jorge Garcia Claudia Bardales Alejandro Corpeño Pete Torres Kyle Ray 🐢 Ana Zuniga Denisse Cruz Techstars Los Angeles Accelerator #communitybanks #seedfund #DigitalBankingExperience #SmallBizBanking #linkerfinance
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Venture Capitalists have historically shied away from service businesses—think marketing agencies, law firms, accounting firms. Why? They’re resource-heavy, tough to scale, and offer low margins. Instead, VCs have flocked to high-margin software companies, which promise scalability through increased sales rather than a growing workforce. But what if the game is changing? Enter Generative AI. Since its breakthrough in 2023, VCs have predictably funneled funds into AI-powered software solutions. But there’s a potential twist in the narrative. What if Generative AI doesn’t just enhance software businesses but revolutionizes service industries too? Imagine a future where service businesses—whether they’re drafting marketing emails, closing your books, or handling legal contracts—are transformed by AI. These AI-empowered firms could offer services at unprecedented speed and low costs, disrupting the traditional service models and creating a new breed of investment-worthy companies. Check out our latest blog where we dive deep into how Generative AI could redefine the investment landscape for service businesses. https://lnkd.in/ggF5vbDs #AI #GenerativeAI #VentureCapital #Startups #Innovation #FutureOfWork
The Rise of the AI-Powered Service Business
commercevc.medium.com
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🚀 Congrats to the Commerce Ventures portfolio companies that were named to the 2024 #INC5000! ➡ 37 Kin Insurance ➡ 499 Vestwell ➡ 1,359 Paystand ➡ 2,154 Socure ➡ 2,243 FI Navigator Corporation The complete list of companies generated $317.1B in total revenue and added 874,940 jobs to the economy https://lnkd.in/g6Yn3rnH
Inc. 5000 2024: Meet the Companies Building the Future
inc.com
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Commerce Ventures reposted this
We're excited to once again be hosting our financial inclusion-focused pitch competition this Fall! As in years past, the program is accepting applications for early-stage companies focused on financial access and inclusion. Apply by September 15 for a chance at a $100,000 uncapped SAFE note! https://lnkd.in/g3d453aV
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We're excited to once again be hosting our financial inclusion-focused pitch competition this Fall! As in years past, the program is accepting applications for early-stage companies focused on financial access and inclusion. Apply by September 15 for a chance at a $100,000 uncapped SAFE note! https://lnkd.in/g3d453aV
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Thrilled to share that Commerce Partner Matthew Nichols will be speaking at Groceryshop 2024 October 7-9 in Las Vegas! Groceryshop is bringing together 5,000+ attendees across the entire grocery ecosystem to network and learn like never before. This year will also have Meetup at Groceryshop: the largest and most advanced meetings program to ever exist in grocery/CPG. Ping us if you'll be there! You can get tickets at https://lnkd.in/eftY5U8a
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We're #hiring! We have an opening for a new Vice President of Strategy & Research in San Francisco Bay Area. Our investment strategy is centered on our ability to evaluate specific topics, utilize relationships with Fortune 1000 companies, and leverage these insights to drive value to our portfolio and partners. This role will focus on supporting these activities and helping build systems to continue to scale engagement across our ecosystem. If this sounds like you, apply today or share this post with your network!
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Time is running out to apply for the CV Access Fellowship! Here's what some of our alumni, Claire Jacobs, Kendall Camp, Theophilus Johnson and Dylan Fitzpatrick had to say about their experiences. https://lnkd.in/gwPzCpa
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Excited to share our latest podcast with my good friend Melissa Stevens! She has some great (and candid) thoughts on the past, present and future of consumer banking — especially how to be more customer-centric and reimagine the digital experience!
In the latest episode of Commerce Conversations, Ysbrant Marcelis sat down with former colleague and long time friend Melissa Stevens, EVP and Chief Marketing Officer of Fifth Third Bank. Melissa shared insights into her career journey, from her upbringing in the Mid West to her transition from Citi, where she led significant tech initiatives like launching a banking app on the first-generation Apple Watch, to Fifth Third, drawn to the company by its customer-centric focus and transformation goals. Tune in and subscribe below! https://lnkd.in/gbri4_hg