Commerce Ventures

Commerce Ventures is a San Francisco-based venture capital firm that specializes in early-stage and growth investments in commerce-related technology across the United States. It targets sectors such as mobile, payments, retail/e-commerce, fintech, and insurance tech, as well as software and financial services. Founded in 2013, the firm combines capital with strategic guidance to help portfolio companies scale commerce innovations. Its investor base includes entrepreneurs, senior executives, and corporate partners from its focus industries, reflecting a collaborative approach to supporting portfolio growth.

Erika Hull

Strategy Associate

Vivek Krishnamurthy

Partner

Ysbrant Marcelis

Partner

Matthew Nichols

General Partner

Rishabh Pudhota

Associate

Past deals in Insurance

Flueid

Venture Round in 2024
Flueid automates manual title verification and insurance underwriting processes in residential real estate via data-driven solutions. Its products serve title agents, underwriters, mortgage lenders, and brokerages on a transactional or usage-based model.

Diesta

Seed Round in 2024
Diesta is a company focused on developing payment software specifically for the insurance industry. Its solutions aim to modernize the flow of funds by automating the reconciliation and distribution of insurance payments. The software integrates internal systems with external partners onto a unified financial ledger, ensuring efficient processing of insurance premiums. This innovation allows clients in the insurance sector to achieve greater transparency, reduce administrative costs, and facilitate quicker payments, ultimately enhancing their revenue potential.

Authentic Insurance

Venture Round in 2024
Authentic operates a community-based insurance platform offering captive insurance services tailored for small businesses. It simplifies insurance structures, facilitating risk sharing among community members.

Authentic Insurance

Seed Round in 2023
Authentic operates a community-based insurance platform offering captive insurance services tailored for small businesses. It simplifies insurance structures, facilitating risk sharing among community members.

Flueid

Series B in 2023
Flueid automates manual title verification and insurance underwriting processes in residential real estate via data-driven solutions. Its products serve title agents, underwriters, mortgage lenders, and brokerages on a transactional or usage-based model.

Flueid

Series B in 2022
Flueid automates manual title verification and insurance underwriting processes in residential real estate via data-driven solutions. Its products serve title agents, underwriters, mortgage lenders, and brokerages on a transactional or usage-based model.

PrecisionGx

Series A in 2022
PrecisionGx Inc. is a technology company that specializes in providing automated claims intelligence software for health insurance companies. Founded in 2015 and based in Philadelphia, Pennsylvania, the company leverages advanced artificial intelligence to enhance claim processing efficiency. Its platform is designed to analyze claims data, identify inefficiencies, and support decision-making while integrating seamlessly with existing workflows. PrecisionGx's software enables insurers to recover inappropriate payments, manage risks, and improve contract negotiations by detecting billing patterns and analyzing core data sets. Additionally, it aids in drug management and population health analysis, allowing health insurers to reduce costs and streamline their operations effectively.

Kin Insurance

Series D in 2022
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Mulberry

Series B in 2021
Mulberry, established in 2018 and headquartered in New York, specializes in AI-driven extended warranty solutions for e-commerce platforms. It connects insurers, brands, and consumers, offering coverage for a wide range of products, from mattresses to jewelry. Mulberry's platform provides insurance broker services, enabling e-commerce customers to purchase extended warranty plans. By leveraging AI and APIs, Mulberry helps brands generate additional revenue and streamlines product insurance processes.

Snapsheet

Series E in 2021
Snapsheet is a leading provider of cloud-based claims management software. It enhances customer experience through tech-enabled appraisal services, focusing on engagement and intelligent automation. The company's Snapsheet Cloud suite improves organizational agility and delivers transformational benefits to over 100 clients, including major insurance carriers and disruptors.

Flueid

Series A in 2021
Flueid automates manual title verification and insurance underwriting processes in residential real estate via data-driven solutions. Its products serve title agents, underwriters, mortgage lenders, and brokerages on a transactional or usage-based model.

Mulberry

Series A in 2020
Mulberry, established in 2018 and headquartered in New York, specializes in AI-driven extended warranty solutions for e-commerce platforms. It connects insurers, brands, and consumers, offering coverage for a wide range of products, from mattresses to jewelry. Mulberry's platform provides insurance broker services, enabling e-commerce customers to purchase extended warranty plans. By leveraging AI and APIs, Mulberry helps brands generate additional revenue and streamlines product insurance processes.

Kin Insurance

Series B in 2020
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Zentist

Series A in 2019
Zentist streamlines insurance revenue cycle management for multi-location dental practices in the U.S. using advanced technology. Its cloud-based Remit AI software automates payment posting, reconciliation, and reduces insurance denials through intelligent data analysis. Zentist leverages robotic process automation and machine learning to automate tedious tasks, enhancing operational efficiency.

Kin Insurance

Convertible Note in 2019
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Mulberry

Seed Round in 2018
Mulberry, established in 2018 and headquartered in New York, specializes in AI-driven extended warranty solutions for e-commerce platforms. It connects insurers, brands, and consumers, offering coverage for a wide range of products, from mattresses to jewelry. Mulberry's platform provides insurance broker services, enabling e-commerce customers to purchase extended warranty plans. By leveraging AI and APIs, Mulberry helps brands generate additional revenue and streamlines product insurance processes.

Kin Insurance

Series A in 2018
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Kin Insurance

Seed Round in 2017
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Snapsheet

Series C in 2016
Snapsheet is a leading provider of cloud-based claims management software. It enhances customer experience through tech-enabled appraisal services, focusing on engagement and intelligent automation. The company's Snapsheet Cloud suite improves organizational agility and delivers transformational benefits to over 100 clients, including major insurance carriers and disruptors.

Snapsheet

Series B in 2014
Snapsheet is a leading provider of cloud-based claims management software. It enhances customer experience through tech-enabled appraisal services, focusing on engagement and intelligent automation. The company's Snapsheet Cloud suite improves organizational agility and delivers transformational benefits to over 100 clients, including major insurance carriers and disruptors.
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