Commerce Ventures
Commerce Ventures Management, LLC
San Francisco, CA WWW.COMMERCE.VC Exempt reporting adviser
Commerce Ventures reports 38 venture funds on Form ADV among 38 private funds, with $889M in gross private fund assets.
The numbers
| Began raising | Raised |
|---|---|
| 2013 | $13M |
| 2015 | $26M |
| 2021 | $138M |
| 2021 | $13M |
| 2023 | $140M |
| 2023 | $11M |
Updates from Commerce Ventures
Funds on Form D
Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| Commerce Ventures V, L.P. | 2024 | $10M | — | — | March 22, 2024 |
| Commerce Ventures V, L.P. | 2023 | $140M | $140M | 49 | March 22, 2024 |
| Commerce Ventures V-A, L.P. | 2023 | $14M | $11M | 85 | December 20, 2023 |
| Commerce Ventures IV, L.P. | 2021 | $138M | $138M | 58 | June 17, 2021 |
| Commerce Ventures IV-A, L.P. | 2021 | $14M | $13M | 92 | June 17, 2021 |
| Commerce Ventures III, L.P. | 2018 | $60M | — | — | September 13, 2018 |
| Commerce Ventures II, L.P. | 2015 | $40M | $26M | 30 | June 9, 2016 |
| Commerce Ventures, L.P. | 2013 | $20M | $13M | 36 | February 14, 2014 |
LPs on the record
1 LP reports holding Commerce Ventures’s funds.
Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Registration
- Legal name
- Commerce Ventures Management, LLC
- Status
- Exempt reporting adviser since February 28, 2021
- CRD number
- 167328
Full Form ADV on the SEC’s Investment Adviser Public Disclosure site
About this data
Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.
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