United States · 
What does Commerce Ventures invest in?
Commerce Ventures invests most often at Series A and Seed (55% of the rounds on record), in sectors such as Insurtech, Insuretech and Retail.
Commerce Ventures highlights
- 01
20 cheques in the last 12 months
- 02
Mostly Series A and Seed: 55% of its rounds
- 03
Sole investor in 11 rounds, median $5.0M
What they do
We back entrepreneurs from every background building the infrastructure for tomorrow's industriesFrom their own website
- Type
- VC firm (from a list, unverified)
- Cheque size
- $1.0M – $5.0M as they say
- Stages
- Pre-seedSeedSeries ASeries BGrowthPre-IPO
- Sectors
- InsurtechInsuretechRetail
- Based in
- San Francisco, United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first153 appearances
- 2026
16 rounds
- Sept
- Aug
- Aug
- Jul
- Jun
- Jun
- Jun
- May
- May
- May
- Mar
- Feb
- Feb
- Feb
- Jan
- Jan
- 2025
28 rounds
- Dec
- Dec
- Nov
- Nov
- Oct
- Oct
- Oct
- Oct
- Oct
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Aug
- Aug
- Jun
- Jun
- Jun
- May
- May
- Apr
- Apr
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration5 named
DRDan RosenManaging Member of the General Partner.iFiling they signed
DRDaniel RosenManaging Member of the General PartneriFiling they signed
MNMatt NicholsManaging Member of the General PartneriFiling they signed
MCMatthew Clark NicholsMemberiForm ADV
YMYsbrant MarcelisManaging Member of the General PartneriFiling they signed
We also hold 12 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$889Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
- Legal name
- Commerce Ventures Management, LLC
- SEC number
- CRD 167328
What they claim to have backed
From their own portfolio page (on their website)
58 of 60 we have independently watched raise
AstradaAuthenticinsuranceAutobooksBatonsystemsBillgoBureauCanarytechnologiesCard91CardlessCasaphqClass8ConstraforCrossmintEnfiEstimoteFi-navigatorFinaloopFlipsidecryptoFlueidForterFountainGreenboardGridspaceInboxhealthInstockKasistoKevelKeychainKnightfintechLedgibleLinqiaLithicLovelocalM10MarpipeMarqetaMishipayMonark-marketsMoovNeuralpaymentsOvationcxmPayamigoPaystandPensasystemsPortlessQualtikRallyonRetailnextSimondataSnapsheetclaimsSocureTabsTreintaUpdaterVestwellVitablehealthWeatherpromiseZentistBillBloomcredand 33 more
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.