---
title: "Commerce Ventures"
description: "Commerce Ventures is an early stage venture capital firm focused on technology innovations in the retail and financial services ecosystems. The firm was founded in 2013 and is headquartered in San Francisco, California. Its official website is hosted at commerce.vc. Commerce Ventures invests in early stage companies, including seed and Series A, and can also invest beyond these stages where there is strong market traction. The firm focuses on sectors such as fintech, payments, banking technology, insurance technology and broader commerce infrastructure. According to the available investment data, Commerce Ventures has backed multiple African technology companies, with a particular emphasis on Nigeria. Investments in the region span cybersecurity, crypto and Web3 infrastructure, legal and compliance technology and fintech. In Africa, Commerce Ventures has participated in funding rounds for companies such as Smile ID, which provides identity verification and fraud prevention across African markets, Conduit, which enables cross border business payments using fiat and stablecoins, Checker, which offers an API for stablecoin liquidity and cross border payments and Rulebase, which automates financial compliance and quality assurance. These investments indicate a focus on infrastructure that supports secure, compliant and scalable digital financial services in African markets."
canonical_url: "https://liners.com/investors/commerce-ventures"
markdown_url: "https://liners.com/investors/commerce-ventures.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/commerce-ventures/favicon.png?v=1785329939633"
updated_at: "2026-09-02T03:03:26.606Z"
---

# Commerce Ventures

Commerce Ventures is an early stage venture capital firm focused on technology innovations in the retail and financial services ecosystems. The firm was founded in 2013 and is headquartered in San Francisco, California. Its official website is hosted at commerce.vc. Commerce Ventures invests in early stage companies, including seed and Series A, and can also invest beyond these stages where there is strong market traction. The firm focuses on sectors such as fintech, payments, banking technology, insurance technology and broader commerce infrastructure. According to the available investment data, Commerce Ventures has backed multiple African technology companies, with a particular emphasis on Nigeria. Investments in the region span cybersecurity, crypto and Web3 infrastructure, legal and compliance technology and fintech. In Africa, Commerce Ventures has participated in funding rounds for companies such as Smile ID, which provides identity verification and fraud prevention across African markets, Conduit, which enables cross border business payments using fiat and stablecoins, Checker, which offers an API for stablecoin liquidity and cross border payments and Rulebase, which automates financial compliance and quality assurance. These investments indicate a focus on infrastructure that supports secure, compliant and scalable digital financial services in African markets.

## Breadcrumbs

- [Investors](/investors)
- [Commerce Ventures](/investors/commerce-ventures)

## Summary

Commerce Ventures is an early stage venture capital firm focused on technology innovations in the retail and financial services ecosystems. The firm was founded in 2013 and is headquartered in San Francisco, California. Its official website is hosted at commerce.vc. Commerce Ventures invests in early stage companies, including seed and Series A, and can also invest beyond these stages where there is strong market traction. The firm focuses on sectors such as fintech, payments, banking technology, insurance technology and broader commerce infrastructure. According to the available investment data, Commerce Ventures has backed multiple African technology companies, with a particular emphasis on Nigeria. Investments in the region span cybersecurity, crypto and Web3 infrastructure, legal and compliance technology and fintech. In Africa, Commerce Ventures has participated in funding rounds for companies such as Smile ID, which provides identity verification and fraud prevention across African markets, Conduit, which enables cross border business payments using fiat and stablecoins, Checker, which offers an API for stablecoin liquidity and cross border payments and Rulebase, which automates financial compliance and quality assurance. These investments indicate a focus on infrastructure that supports secure, compliant and scalable digital financial services in African markets.

## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| Checker | /checker | Seed | 8000000 | 2026-05-01T00:00:00.000Z |
| Conduit | /conduit | Series A | 36000000 | 2025-05-01T00:00:00.000Z |
| Smile ID | /smile-id | Series B | 20000000 | 2023-02-01T00:00:00.000Z |
| Smile ID | /smile-id | Series B | 20000000 | 2023-02-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/commerce-ventures)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)