Commerce Ventures announces fifth fund

Early stage VC firm Commerce Ventures has closed an “oversubscribed” fifth fund exceeding $150 million in committed capital.

Founded in 2013, Commerce Ventures has invested in over 100 companies and Snapsheet, Kin, Covr, and Authentic Insurance are portfolio companies.

The VC firm says that three global insurers are part of the fifth fund.

“Commerce Ventures has been a critical early part of the Socure Team, far beyond just as an investor, but also as a strategic thought partner, industry expert and source of commercial introductions that have led to $10s of millions worth of enterprise deals per year.” – Johnny Ayers, Co-Founder and CEO of Socure.

“While we are fortunate to have invested early in many of the industry’s leading platforms and enablers, we believe that transformational change in Retail and Financial Services has only just begun. We see an exciting new wave of founders building critical innovations for the future of our industry, and I am so grateful for the exceptional team and partners we’ve assembled to pursue the opportunity ahead of us.” – Dan Rosen, Founder and Partner at Commerce Ventures.