CommerceNet

CommerceNet, founded in 1994 and based in Mountain View, California, operates as an incubator and venture capital firm focused on transforming existing processes through innovative Internet solutions. The firm aims to enhance efficiency by leveraging talent, collective intelligence, and intelligent software design, thereby reducing transaction costs and creating new product categories. CommerceNet's primary interests lie in revolutionizing Internet security and improving healthcare through the industrialization of therapy development. By introducing novel approaches to longstanding challenges, the firm is committed to reshaping industries while maintaining a diverse portfolio of initiatives that balance risk and opportunity.

Jay M. Tenenbaum

Founder

Jay Tenenbaum Ph.D

Co-Founder and Chairman

5 past transactions

Angstro

Seed Round in 2007
Angstro is a company that specializes in delivering essential business news related to individuals and organizations within professional networks. By utilizing platforms such as LinkedIn, Facebook, and Twitter, Angstro enables users to efficiently discover and share information about their colleagues and clients. The service distinguishes itself from traditional clipping services by accurately disambiguating names and analyzing social graphs to highlight the most relevant relationships. Founded in 2007 by experienced entrepreneurs, Angstro is based in Palo Alto, California.

PatientsLikeMe

Series A in 2007
PatientsLikeMe, Inc. operates a healthcare data-sharing platform that allows patients to share their symptoms, treatments, and health experiences with a broad audience, including caregivers, researchers, and pharmaceutical companies. This platform aims to enhance the understanding of various health conditions, such as cancer, mental health issues, and chronic diseases, ultimately contributing to the development of new treatments. With over 600,000 members, PatientsLikeMe serves as a trusted source for real-world disease information and has published more than 100 research studies, demonstrating its commitment to integrating patient voices into research and public policy. The company collaborates with major pharmaceutical firms and government organizations to advance health management and outcomes. Founded in 2004 and based in Cambridge, Massachusetts, PatientsLikeMe is a subsidiary of United Healthcare Services, Inc.

Powerset

Series A in 2006
Powerset is a search engine company specializing in natural language processing, which enables it to understand the semantic meaning behind search queries rather than relying solely on keywords. Founded in September 2005, Powerset aims to enhance the search experience by making it more intuitive and user-friendly. The platform allows users to search for content on the internet using natural language, facilitating a deeper understanding of user intent. In July 2008, Powerset was acquired by Microsoft, further integrating its advanced search technology into broader applications.

ChipIn

Seed Round in 2006
ChipIn is an online fundraising service that includes a widget and application developer for businesses. They still aim and focus on empowering and engaging a wide and distributed network of supporters particularly those with brilliant and outstanding ideas in fundraising. This is expected to apply mainly to major and large-scale funding campaigns that take into consideration all or many players in this niche. What’s more, all this is just a rough guideline of what they intend to do. Any useful suggestions of how to relaunch this platform are indeed welcome. At the end of the day, the bottom line remains that they still believe that any idea that is worth poring over is still worth seeing the light of day, as long as it is to the greater benefit of humanity.

SupplyFrame

Seed Round in 2003
SupplyFrame is a prominent intelligence platform that serves the global electronics value chain, offering design-to-source intelligence solutions. The company analyzes billions of signals related to design intent, demand, supply, and risk to provide valuable insights at critical decision points throughout the product lifecycle. Its software-as-a-service (SaaS) offerings are utilized by over 10 million professionals in engineering and supply chain sectors, facilitating innovation and optimizing substantial annual direct materials expenditures. Headquartered in Pasadena, California, SupplyFrame operates additional offices in cities such as Austin, Belgrade, Grenoble, Oxford, San Francisco, Shanghai, and Shenzhen, reflecting its extensive reach and commitment to enhancing the efficiency of the electronics industry.
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