Commerce Ventures

Modernizing the hospitality tech stack.

Purchasing Software | Procure-to-Pay SaaS

Venmo for B2B in Africa

Location intelligence platform

High volume hiring made simple.

Modern OS for the financial back office.

Better financial services for creators

AI agents for mortgage servicing

In a bid to keep costs and rates low, it sells home insurance policies digitally and directly to consumers in 13 states, instead of employing a network of insurance agents. The insurance company itself is structured as a co-op owned by policyholders, with Kin taking 32% of premiums as a management fee. Reinsurance covers about 50% of the risk. In 2025, Kin expanded into two new states (Colorado and Missouri), started offering mortgages and grew its customer base to 217,000 policyholders, up from 172,000 the year prior. <p>Funding: $330 million from QED Investors, Geodesic Capital and Allegis Capital, among others. </p><p>Latest valuation: $2 billion. </p><p>Date of last valuation: August 2025. </p><p>Bona fides: In 2025, Kin revenue climbed to $202 million, from $156 million in 2024. </p><p>Cofounders: CEO Sean Harper, 45, who previously cofounded ecommerce startup FeeFighters, which was acquired by Groupon in 2012; former Kin CTO Lucas Ward, 43, who left Kin in 2023 and previously cofounded fraud analytics startup Rippleshot.</p>

AI agents for financial services.

A spend management software that provides businesses visibility,…

Software and AI tools for SMBs in the US and Latin America

We're Khatabook / OkCredit for Pakistan

<p>Its recordkeeping technology enables 300,000 small businesses to offer 401(k) savings plans, as well as more than 30 state-facilitated IRAs and state sponsored 529 college savings plans, helping 1.1 million savers. In May 2023, it announced a partnership with JPMorgan to help power Chase’s small business 401(k) savings platform. It also bought student loan benefits provider Gradifi Solutions from Morgan Stanley last summer to help businesses offer loan repayment benefits to employees.</p> <p>Funding: $275 million from Lightspeed Venture Partners, Fin Capital, Goldman Sachs and others.</p> <p>Latest valuation: $1 billion, according to PitchBook.</p> <p>Date of last valuation: December 2023.</p> <p>Bona fides: Safeguards $30 billion in assets and added Delaware and Maine to its roster of state-sponsored programs in 2023.</p> <p>Founder and CEO: Aaron Schumm, 45, previously founded wealth management fintech FolioDynamix and sold it to Envestnet.</p> <p>Headquarters: New York, New York.</p>

Affordable care via ICHRA and primary care with visits, meds, labs…

Modern payroll for modern work