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Investor profile

Commerce Ventures

Venture Capital · Founded 2013 · San Francisco, United States

Venture capital firm investing in the mobile, retail, payments and digital marketing industries.

115 portfolio companies Venture Capital · $4.4B invested · 187 investments · Investor rank #671 · Last investment 7/2026
Portfolio companies 115 ↑ 83% 5y
Decacorns 0
Thoroughbreds 8
01 · Biggest holdings

Commerce Ventures’ biggest current holdings.

The most valuable companies Commerce Ventures still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Commerce Ventures directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 SocureUnicorn · Security · USA 6% $4.5B $270M
  2. 2 ForterUnicorn · Security · USA $3.0B
  3. 3 Kin InsuranceUnicorn · Fintech · USA 9.5% $2.0B $195M
  4. 4 VestwellUnicorn · Fintech · USA $2.0B
  5. 5 MX TechnologiesUnicorn · Fintech · USA $1.9B
  6. 6 ClaraUnicorn · Fintech · Mexico $1.0B
  7. 7 PayStandUnicorn · Fintech · USA $1.0B
  8. 8 ZealFintech · USA $966M

Estimated value = Commerce Ventures’ disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Commerce Ventures also appears inside investor groups in Forter, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Portfolio analysis

Where Commerce Ventures’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 115 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA134
  2. UK6
  3. India3
  4. Canada2
  5. Mexico2
  6. Argentina1
  7. Australia1
  8. Colombia1
  9. Denmark1
  10. France1
  11. Israel1
  12. Nigeria1
By sectorCount
  1. Fintech95
  2. Enterprise Software35
  3. Marketing23
  4. Health7
  5. Real Estate5
  6. Security5
  7. Transportation5
  8. Fashion4
  9. Food3
  10. Telecom3
  11. Wellness Beauty3
  12. Event Tech2
By stage enteredCount
  1. Series A49
  2. Seed36
  3. Series B+30
By growth stageCount
  1. Breakout Stage87
  2. Early Growth45
  3. Late Growth26
03 · Portfolio market map

Inside Commerce Ventures’ portfolio.

The 60 highest-funded portfolio companies, of 115 tracked.

Socure
Security · Unicorn
$4.5B
Vestwell
Fintech · Unicorn
$2.0B
Marqeta
Fintech
$975M
Forter
Security · Unicorn
$3.0B
MX Technologies
Fintech · Unicorn
$1.9B
Kin Insurance
Fintech · Unicorn
$2.0B
BILL
Fintech · Unicorn
$4.5B
Unison Technologies
Fintech
$840M
RetailNext
Enterprise Software
$625M
Fountain
Jobs Recruitment
$400M
Clara
Fintech · Unicorn
$1.0B
Prime Trust
Fintech
$428M
Canary Technologies
Travel
$320M
Lithic
Fintech
$240M
Updater
Real Estate
$180M
Candex
Fintech
$160M
Trove
Fashion
$388M
Cardless
Fintech
$240M
Spenmo
Fintech
$340M
Amino Health
Wellness Beauty
$100M
Simon Data
Marketing
$216M
Snapsheet
Fintech
$150M
Amino
Health
$160M
Autobooks
Fintech
$200M
SessionM
Marketing
$20M
Tabs
Fintech
$220M
Fidel API
Fintech
$260M
Grabango
Enterprise Software
$156M
Moov Financial
Fintech
$225M
Resolve
Fintech
$300M
Kasisto
Fintech
$62M
Tulip Retail
Enterprise Software
$200M
PayStand
Fintech · Unicorn
$1.0B
Syte
Marketing
$60M
Treinta
Fintech
$184M
Extend Enterprises
Fintech
$200M
Doss
Enterprise Software
$220M
Interchecks
Fintech
$200M
Mr Yum
Food
$230M
Narvar
Telecom
$120M
HMBradley
Fintech
$149M
Flipside Crypto
Fintech
$350M
Conduit
Fintech
$144M
BillGO
Fintech
$30M
Inbox Health
Health
$113M
Liberate Innovations
Fintech
$200M
Karat
Fintech
$160M
Finaloop
Fintech
$140M
Boomtown
Fintech
$48M
Pensa Systems
Robotics
$80M
Bureau
Security
$120M
Mudflap
Transportation
$200M
Symphony Commerce
Marketing
$63M
Mulberry Platform
Marketing
$88M
Kin
USA
Kevel
Marketing
$92M
Theatro
Marketing
$80M
MoCaFi
Fintech
$94M
Covr Financial Technologies
Fintech
$60M
Builder
Media
$80M
04 · Portfolio founders

Where Commerce Ventures’ portfolio founders come from.

166 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States112
  2. Israel9
  3. United Kingdom7
  4. Australia5
  5. France3
  6. Canada2
  7. Colombia2
  8. India2
  9. Singapore2
  10. Bangladesh1
UniversityCount
  1. Stanford University11
  2. Cornell University7
  3. Harvard Business School6
  4. Wharton School of the University of Pennsylvania6
  5. Harvard University5
  6. Tel Aviv University5
  7. University of California, Berkeley5
  8. Massachusetts Institute of Technology4
  9. Stanford University Graduate School of Business4
  10. ESADE Business and Law School3
Previous companyCount
  1. HVF6
  2. IBM5
  3. Alphabet | Google4
  4. Boston Consulting Group4
  5. JP Morgan4
  6. Morgan Stanley4
  7. Accenture3
  8. Apple3
  9. Citibank3
  10. Cyndx3