
Commerce Ventures is an early‑stage venture capital firm focused on the commerce continuum, investing in fintech, payments, and insurance technology that power the next generation of retail and financial services. They partner with founders building platform infrastructure for merchants, consumers, and enterprises, leveraging a deep network of strategic corporate LPs. Their thesis centers on enabling market‑ready solutions with early customer traction, adding value through industry connections rather than leading rounds.
Industries
Industry breakdown
Top industries in the portfolio
Geography
Geographic scope
Global
Geography breakdown
Darker regions = more portfolio companies
Top 5 countries
United States of America
76.1%Canada
3.4%United Kingdom
3.4%India
3.4%Australia
1.1%Other
7.7%Countries with a higher share of the portfolio are shaded darker on the map.
Stages
Stage indicator
Seed → Series A
Stage breakdown
Portfolio by stage
Portfolio vintage
Companies by founded year
Fund details
Funds
Fund IV
Vintage 2021 • $150.0M
Fund V
Vintage 2024 • $150.0M