Commerce Ventures

Commerce Ventures is on record against 50 companies, each listed on its own site.

2 of these companies have a funding record on file.

• Estimote, Inc.Estimote in the portfolio · Y Combinator entry
• DuploDuplo in the portfolio · Y Combinator entry

Commerce Ventures has 2 venture fund vehicles on file with the SEC, run from San Francisco, California, with first sales running from 2023 to 2024. 5 Form D notices, originals and amendments, have been filed for them, the first on August 9, 2023 and the latest on March 22, 2024. Together they have taken in $10,950,000 from 85 investor positions, most recently on August 10, 2023. 2 vehicles are still showing room to take more.

The filings for these vehicles name 3 people and entities, with the role each filing gives.

• Daniel RosenManaging Member of the General Partner
• Matt NicholsManaging Member of the General Partner
• Ysbrant MarcelisManaging Member of the General Partner

This thesis-driven investor seeds early-stage startups aligned to key themes, initially deploying small, non-lead checks. It focuses on B2B ventures with access to a network of banks, retailers, insurers, and payment partners, scaling investments in winners. Geographic focus is not specified.

• 11.2 CapitalAlso backs Forter
• Bling CapitalAlso backs Canary
• Robot VenturesAlso backs Conduit
• MAYFIELD SELECT III, A DELAWAREAlso has venture fund vehicles first sold in 2023
• New System VenturesAlso has venture fund vehicles first sold in 2023