Commerce Ventures Management, Llc
State-registered
Investment Adviser
CRD 167328
· SEC file 802-120653
· San Francisco, CA
· WWW.COMMERCE.VC
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ADV data as of Mar 13, 2026
- Regulatory AUM
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- Discretionary
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- Clients
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- Avg AUM / client
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- Accounts
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- Employees
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Private funds (36)
View all →Reported in Form ADV Section 7.B.(1), filing of May 2024 · $837M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cv Industry Ii, Llc | Venture Capital Fund | Delaware | $147M | 5 |
| Commerce Ventures V, L.P. | Venture Capital Fund | Delaware | $136M | 43 |
| Commerce Ventures Iv, Lp | Venture Capital Fund | Delaware | $128M | 61 |
| Commerce Ventures Ii, Lp | Venture Capital Fund | Delaware | $111M | 55 |
| Commerce Ventures Iii, L.P. | Venture Capital Fund | Delaware | $65.6M | 97 |
| Commerce Ventures, L.P. | Venture Capital Fund | Delaware | $47.9M | 45 |
| Commerce Ivy Ii A, Llc | Venture Capital Fund | Delaware | $26.3M | 4 |
| Cv Ii Protect, Llc | Venture Capital Fund | Delaware | $25.6M | 4 |
| Cv Ii Fintech, Llc | Venture Capital Fund | Delaware | $23.6M | 5 |
| Cv Opportunities, L.P. | Venture Capital Fund | Delaware | $19.8M | 48 |
| Commerce Ventures Iv A, L.P. | Venture Capital Fund | Delaware | $13.1M | 99 |
| Cv Access, Lp | Venture Capital Fund | Delaware | $11.0M | 6 |
| Commerce Ventures V A, L.P. | Venture Capital Fund | Delaware | $11.0M | 88 |
| Cv Ii Billing, Llc | Venture Capital Fund | Delaware | $10.0M | 2 |
| Cv Ii Protect C, Llc | Venture Capital Fund | Delaware | $7.7M | 4 |
Private funds (36, $837M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cv Industry Ii, Llc | Venture Capital Fund | $147M | $20.0K | 5 |
| Commerce Ventures V, L.P. | Venture Capital Fund | $136M | $0 | 43 |
| Commerce Ventures Iv, Lp | Venture Capital Fund | $128M | $0 | 61 |
| Commerce Ventures Ii, Lp | Venture Capital Fund | $111M | $20.0K | 55 |
| Commerce Ventures Iii, L.P. | Venture Capital Fund | $65.6M | $10.0K | 97 |
| Commerce Ventures, L.P. | Venture Capital Fund | $47.9M | $10.0K | 45 |
| Commerce Ivy Ii A, Llc | Venture Capital Fund | $26.3M | $0 | 4 |
| Cv Ii Protect, Llc | Venture Capital Fund | $25.6M | $20.0K | 4 |
| Cv Ii Fintech, Llc | Venture Capital Fund | $23.6M | $0 | 5 |
| Cv Opportunities, L.P. | Venture Capital Fund | $19.8M | $0 | 48 |
| Commerce Ventures Iv A, L.P. | Venture Capital Fund | $13.1M | $0 | 99 |
| Cv Access, Lp | Venture Capital Fund | $11.0M | $0 | 6 |
| Commerce Ventures V A, L.P. | Venture Capital Fund | $11.0M | $0 | 88 |
| Cv Ii Billing, Llc | Venture Capital Fund | $10.0M | $0 | 2 |
| Cv Ii Protect C, Llc | Venture Capital Fund | $7.7M | $0 | 4 |
| Cv Strong F, Llc | Venture Capital Fund | $6.4M | $0 | 25 |
| Cv Iii Fp, Llc | Venture Capital Fund | $6.2M | $0 | 1 |
| Cv Ii Protect E, Llc | Venture Capital Fund | $6.1M | $0 | 21 |
| Commerce Ivy Iii, Llc | Venture Capital Fund | $3.6M | $0 | 4 |
| Cv Industry Iii, Llc | Venture Capital Fund | $3.5M | $0 | 3 |
| Cv Ii Protect D, Llc | Venture Capital Fund | $3.4M | $0 | 6 |
| Cv Iii Recommerce, Llc | Venture Capital Fund | $3.4M | $0 | 8 |
| Cv Ii Protect C 1, Llc | Venture Capital Fund | $2.9M | $0 | 2 |
| Cv Iii Developer, Llc | Venture Capital Fund | $2.6M | $0 | 7 |
| Cv Iii Gbg, Llc | Venture Capital Fund | $2.5M | $0 | 1 |
Top 25 of 36 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/13/2026 | 7.53 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
Not reported.
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 13, 2026.
View current Form ADV (SEC/IAPD) ↗