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Commerce Ventures

San Francisco, California · Invests in US · Website

Thesis

We partner with entrepreneurs building the platforms and infrastructure required for the future of retail, payments, banking and insurance. We invest in B2B commerce infrastructure that enables businesses to serve customers better. Rather than chasing consumer adoption, we build portfolios around the Commerce Continuum—interconnected solutions spanning retail, payments, banking and insurance.

Likely not a fit for

No direct-to-consumer consumer applications, single-purpose fintech without broader infrastructure potential, or unproven technology. Avoid founders without deep domain expertise in payments, commerce, banking, or insurance.

How they invest

Lead or follow
Usually follows
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$500M
Decision process
Partnership vote

Partners & team

9 contacts on file

VK

Vivek Krishnamurthy

PartnerPartner · Primary contact

+ Pitch

v•••@co•••.vc

LinkedIn profile

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DR

Dani Regalado

PartnerPartner

+ Pitch

d•••@co•••.vc

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DR

Dan Rosen

General PartnerFounder & Partner

+ Pitch

LinkedIn profile

X profile

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MN

Matt Nichols

PartnerPartner

+ Pitch
YM

Ysbrant Marcelis

PartnerPartner

+ Pitch
CW

Chris Wang

PrincipalVice President, Strategy & Research

+ Pitch
DF

Dylan Fitzpatrick

AssociateAnalyst

+ Pitch
MN

Matthew Nichols

PartnerPartner

+ Pitch

m•••@co•••.com

LinkedIn profile

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DR

Daniel Rosen

PartnerPartner

+ Pitch

d•••@co•••.com

LinkedIn profile

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Portfolio

Bill.comFintech Payments

Bill.com is a financial operations platform that streamlines accounts payable and accounts receivable processes for businesses and accounting firms.

MarqetaFintech Payments

Marqeta is a modern card issuing platform that enables businesses to integrate credit and payment solutions into their processes, facilitating the creation of tailored payment experiences.

NarvarEcommerce Marketplaces

Narvar is the #1 platform for intelligent personalization “beyond buy,” trusted by 1,500+ of the world’s most admired brands. Powered by IRIS™, Narvar leverages billions of data points to create seamless experiences that build trust, safeguard operations, and unlock sustainable growth.

ForterSecurity Cyber

Forter provides identity intelligence solutions to prevent fraud and optimize digital commerce experiences. Their platform includes fraud management, payment optimization, dispute management, account protection, and abuse prevention.

SocureSecurity Cyber

AI-Powered Identity Verification & Fraud Prevention

SnapsheetFintech Payments

Snapsheet provides claims management software and insurance platforms that streamline the claims process through AI-powered capabilities, no-code workflows, and various integrations.

VestwellFintech Payments

Vestwell is a financial technology company that makes it easier for more individuals to save for life’s most important moments—from retirement to education and healthcare. The platform provides a comprehensive suite of workplace savings solutions, including retirement plans, student loan repayment benefits, and specialized accounts for education, emergencies, and disability savings.

KinInsurance

Affordable home insurance made easy, offering various insurance products including home, mobile home, condo, landlord, and auto insurance, as well as mortgage and home equity loans.

MoovFintech Payments

Moov is a fintech company dedicated to developing powerful and user-friendly payments software, providing financial products and services to technology companies and supporting transportation businesses with payment tools and financial tracking.

InstockRobotics Automation

Instock provides modern fulfillment automation solutions using autonomous mobile robots to optimize storage density and throughput for eCommerce operators.

MudflapLogistics Supply Chain

Mudflap provides truck drivers with instant fuel discounts through their app and fuel card, helping them save on fuel costs at over 1,500 truck stops nationwide.

Canary TechnologiesEnterprise Software

Canary Technologies is an award-winning hospitality management system that provides innovative solutions for hotels, including mobile key capabilities, guest management, and AI-driven services.

Recent activity

Commerce Ventures in the news

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Research briefRead more
Commerce Ventures Research Investment Thesis Commerce Ventures is an early-stage, thesis-driven venture capital firm focused on investing in companies that will shape the future of retail, payments, banking, and insurance. Founded in 2013 by Dan Rosen, the firm has evolved to manage $••+ in assets under management across five funds with 120+ investments. The firm's core thesis centers on identif

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