Commerce Ventures

Venture capital firm
San Francisco, California, USAcommerce.vcSee connections →

Venture capital firm that partners with entrepreneurs building the platforms required for the future of retail and financial services.

At a glance

Commerce Ventures appears in 2 funding rounds tracked by ValueAddVC since 2026, leading 1. Its most recent tracked deal was Walapay's $4.6M Seed round (Oct 2, 2026). ValueAddVC also tracks 3 funds managed by Commerce Ventures.

Strategy

Stages
Pre-SeedSeedSeries BGrowth
Sectors
Technology
Geographies
USASan Francisco, California, USA
Check size
$100K - $5M

Recent changes

  1. Oct 2, 2026Invested in Walapay (Seed, $4.6M) Pulse 2.0
  2. Jun 18, 2026Invested in Interchecks (Series C, $50M) Refresh Miami
  3. Jan 1, 2024New fund: Commerce Ventures Fund V ($150M) Value Add VC funds tracker
  4. Jan 1, 2021New fund: Commerce Ventures Fund IV ($150M) Value Add VC funds tracker
  5. Jan 1, 2016New fund: Commerce Ventures Fund II ($26M) Value Add VC funds tracker

Funds

3
FundVintageSizeStrategySource
Commerce Ventures Fund V2024$150MFlagship
As of 2024Value Add VC funds tracker
Commerce Ventures Fund IV2021$150MFlagship
As of 2021Value Add VC funds tracker
Commerce Ventures Fund II2016$26MFlagship
As of 2016Value Add VC funds tracker

Portfolio

4 total

Recent Investment Activity

2

Track record: led 1 and participated in 1 of 2 tracked venture rounds · 2 in the last 12 months · led 1 Series C

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 2, 2026WalapaySeedParticipated$4.6M—
Commerce VenturesunverifiedFGV CapitalunverifiedGenerative VenturesPolygonVerda VenturesNGC Ventures+4 more
Pulse 2.0
Jun 18, 2026InterchecksSeries CLed$50M—Refresh Miami

Sector / Stage Activity

By stage (tracked rounds)
Seed
1 · 50%
Series C
1 · 50%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Instant-Payments Startup Interchecks Raises $50M Series CInterchecks, a Brooklyn-based instant-payments platform, raised a $50 million Series C led by Bettor Capital with Commerce Ventures, Decades Holdings and Thayer Street Partners. The company, which says it has processed more than $50 billion in payouts to date, is riding demand for faster, programmable disbursements across insurance, gaming and the gig economy.→
  2. Interchecks Raises $50M to Scale Its Payments API for Deposits and PayoutsInterchecks raised $50 million from Bettor Capital, Commerce Ventures, and others to expand its payments API for handling deposits and disbursements. As embedded finance matures, the infrastructure that moves money in and out of platforms keeps attracting serious capital.→

Commerce Ventures FAQ

How large are Commerce Ventures' funds?

Commerce Ventures funds Value Add tracks include Commerce Ventures Fund V ($150M, 2024); Commerce Ventures Fund IV ($150M, 2021); Commerce Ventures Fund II ($26M, 2016), out of 3 Commerce Ventures funds tracked in total.

What companies has Commerce Ventures invested in?

Commerce Ventures' portfolio includes Walapay, Socure, Interchecks, Tabs.

Who does Commerce Ventures co-invest with most?

In the rounds Value Add tracks, Commerce Ventures most often invests alongside Bettor Capital (1 shared deal), Decades Holdings (1 shared deal), DocuSign (1 shared deal), FGV Capital (1 shared deal), Goldman Sachs Alternatives (1 shared deal).

Sources & methodologyshow
Where these figures come from
  • Refresh Miamimajor outlet1 fact
  • Value Add VC funds trackerValue Add VC data3 facts
  • Pulse 2.0Value Add VC data1 fact

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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