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- Commerce Ventures
Commerce Ventures portfolio
Commerce Ventures has 23 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months.
About this page
It is a venture capital firm based in San Francisco, US, founded in 2013. It led 2 of the 22 rounds it joined. Its most recent investment on record is Walapay's $4.6M Seed round in October 2026, alongside Reflexive Capital, Polygon Labs, Knollwood Investment Advisory and 6 others. By category, its portfolio leans toward Fintech (14) and Stablecoins (6). It has co-invested with F-Prime Capital, Flint Capital and Y Combinator, most often F-Prime Capital (7 rounds).
About Commerce Ventures
Funds raised
| Fund | Fund # | Size | Announced |
|---|---|---|---|
SF | V | $150M | prweb.com |
Bay Area | IV | $150Mvia Shai Goldman's fund list | |
Bay Area | II | $26Mvia Shai Goldman's fund list |
What Commerce Ventures invests in
- Fintech · 14 · 61%
- Stablecoins · 6 · 26%
- Data and analytics · 5 · 22%
- Commerce and retail · 4 · 17%
- Logistics and mobility · 3 · 13%
- Developer tools and cloud · 3 · 13%
- Health and bio · 2 · 9%
- Education · 2 · 9%
Commerce Ventures recent investments
| Company | Round | Date | Alongside |
|---|---|---|---|
| Seed · $4.6M | Reflexive Capital, Polygon Labs, Knollwood Investment Advisory +6 | ||
| Series B+ · $80M | Brighton Park Capital (lead), Thayer Investment Partners, Y Combinator +2 | ||
| Series A · $28M | Pillar VC, LFX Venture Partners, Spark Capital (lead) +1 | ||
| Series A · $22M | Xplorer Capital (lead), Inspired Capital, Resolute Ventures | ||
| Series B+ · $50M | Derive Ventures, Thayer Investment Partners, Y Combinator +2 | ||
| Series B+ | Iberis Capital, Godwin Capital Group, dunnhumby Ventures +2 | ||
| Series B+ · $45M · lead | Sorenson Ventures, Visa, Andreessen Horowitz +2 | ||
| Series B+ · $30M | Thayer Investment Partners, Y Combinator, Pioneer Fund +3 |
How Commerce Ventures invests
Commerce Ventures portfolio companies
WWalapay$4.6MSeed · Oct 2026
CCanary Technologies$80MSeries B+ · Jun 2025
CCimulate$28MSeries A · Dec 2024
CClass8$22MSeries A · Nov 2024
KKevelSeries B+ · Mar 2024
MMoov$45MSeries B+ · Jan 2023
SSocure$450MSeries B+ · Nov 2021
LLithic$60MSeries B+ · Aug 2021
CCandex$20MSeries A · Apr 2021
VVestwell$30MSeries B+ · Apr 2019
SSymphony Commerce$16MSeries B+ · Aug 2016
ZZealbacker
CCasapbacker
PPortlessbacker
EEstimotebacker
FFinaloopbacker
EExtend Enterprisesbacker
ZZentistbacker
BBloom Creditbacker
CCardlessbacker
WWeather Promisebacker
MMoCaFibacker
CClara.com Clara.com Clara.combacker
| Company | Round with Commerce Ventures | Total raised | Latest raise |
|---|---|---|---|
Stablecoins |
Seed · $4.6M | $4.6M | Oct 1, 2026 Seed |
Fintech |
Series B+ · $80M | $255M | Jul 6, 2026 Series B+ |
Commerce and retail |
Series A · $28M | $28M | Dec 18, 2024 Series A |
Data and analytics |
Series A · $22M | $22M | Nov 19, 2024 Series A |
Sales and marketing |
Series B+ | $73M | Oct 22, 2026 round |
Stablecoins |
Series B+ · $45M · lead | $88M | Jan 31, 2023 Series B+ |
ZK and privacy |
Series B+ · $450M | $784.9M | Aug 27, 2026 Series B+ |
Stablecoins |
Series B+ · $60M | $60M | Oct 23, 2025 Series B+ |
Fintech |
Series A · $20M | $141.5M | Mar 17, 2026 Series B+ |
Lending and credit |
Series B+ · $30M | $622.5M | Feb 18, 2026 Series B+ |
Developer tools and cloud |
Series B+ · $16M | $43M | Feb 3, 2025 Seed |
Legal and compliance |
backer · source | $15M | Oct 10, 2024 Series B+ |
Legal and compliance |
backer | $25M | Aug 7, 2025 Series A |
Commerce and retail |
backer | $18M | May 29, 2025 Series A |
AI coding and devtools |
backer | undisclosed | Aug 20, 2024 Seed |
Fintech |
backer | $35M | Jun 18, 2024 Series A |
Stablecoins |
backer | undisclosed | — |
Fintech |
backer | undisclosed | — |
Lending and credit |
backer | undisclosed | — |
Stablecoins |
backer | $90M | Sep 22, 2025 Series B+ |
Fintech |
backer | $12.8M | Jan 13, 2026 Series A |
Stablecoins |
backer | $40M | Jun 1, 2023 Series B+ |
Fintech |
backer | $245M | Nov 10, 2026 Series B+ |
Most frequent co-investors
FF-Prime Capital7 shared rounds · last Jun 12, 2025
FFlint Capital5 shared rounds · last Nov 9, 2021
YY Combinator4 shared rounds · last Jun 12, 2025TThayer Investment Partners4 shared rounds · last Jun 12, 2025
TTwo Sigma Ventures4 shared rounds · last Nov 9, 2021
SScale Venture Partners4 shared rounds · last Nov 9, 2021
IInsight Partners3 shared rounds · last Jun 12, 2025
FFulcrum Equity Partners3 shared rounds · last Mar 7, 2024
BBain Capital Ventures3 shared rounds · last Jan 31, 2023
SSorenson Ventures3 shared rounds · last Jan 31, 2023
SSynchrony Ventures3 shared rounds · last Mar 16, 2021
PPrimary3 shared rounds · last Apr 2, 2019
Similar investors
LLong Journey Ventures24 companies · 9 deals in 12 mo
CClocktower Technology Ventures24 companies · 3 deals in 12 mo
CCMT Digital22 companies · 5 deals in 12 mo
AAcrew Capital22 companies · 3 deals in 12 mo
IInspired Capital22 companies · 3 deals in 12 mo
EElevation Capital25 companies · 5 deals in 12 mo
Investors whose portfolios on Recent Funding center on the same category (Fintech).
How this is counted
Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.
Venture funds Commerce Ventures raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.
Share is of the 22 rounds on Recent Funding that name Commerce Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.
Portfolio companies are the companies on Recent Funding with a round that lists Commerce Ventures, which is a subset of its real portfolio. API: /api/v1/investors/commerce-ventures (get a free API key). More: the most active VC firms and new venture capital funds.