Commerce Ventures Fund IV

Commerce Ventures

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Status

ACTIVE

Global HQ

San Francisco, United States

Countries of investment

United States
Canada
Israel
United Kingdom

Investment stages

Pre-Seed
Seed
Series A

Industries

Commerce Infrastructure
Fintech
Retail SaaS
Payments
Ecommerce

About
Commerce Ventures is a dedicated sector-focused venture capital firm headquartered in San Francisco, California, managing over $300 million across multiple oversubscribed funds, including Fund V. Founded by Dan Rosen in 2013, the firm differentiates itself by leveraging a proprietary ecosystem of strategic Limited Partners, including Fortune 500 retailers, leading global insurers, and major commercial banks, to drive direct commercial value to portfolio companies.

Min check size: $1M
Max check size: $7M
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Investment Thesis

Commerce Ventures employs a highly specialized thematic investment thesis focused on early-stage technology innovations across the commerce continuum, primarily leading Seed and Series A rounds. The firm targets infrastructure enablers, fintech platforms, payment systems, digital retail-tech software, and supply chain logistics that empower traditional retail enterprise incumbents and power next-generation challenger brands.

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Manager's Experience

Dan Rosen (Co-Founder & General Partner) founded Commerce Ventures in 2012 after years of operating and investing experience in fintech and commerce; he led the firm's investments in Marqeta (IPO), Bill.com (IPO), and Socure, becoming one of the most respected specialist fintech and commerce investors. Matt Nichols (Co-Founder & General Partner) brings deep retail and payments operating expertise across the Commerce Continuum framework. The firm has built a 100+ company portfolio across retail tech, payments, banking, and insurance with multiple major IPOs and exits.