Form D · Venture Capital Fund

Commerce Ventures V, L.P.

San Francisco, CA · CIK 0001987899

Offering snapshot reported Mar 22, 2024 · SEC filing

Reported sold: $140M
Investors reported: 49
Minimum accepted: $0
First sale: Aug 10, 2023

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 49

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 22, 2024	Amendment	$140,015,000	No comparison	49	SEC filing
Mar 22, 2024	Initial	Yet to sell	No comparison	0	SEC filing
Aug 9, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-489289

The amounts reported hereunder were sold pursuant to an offering in reliance on Rule 506(b) that has been terminated.

Source: Form D, filed Mar 22, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

COMMERCE VENTURES V, L.P.

Investment adviser: COMMERCE VENTURES MANAGEMENT, LLC

Gross asset value: $144M
Beneficial owners: 51
ADV minimum commitment: $0

Reported in Form ADV on Mar 13, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor FRANK, RIMERMAN & CO. LLP PALO ALTO, California, United States

Custodian STIFEL BANK AND TRUST ST. LOUIS, Missouri, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

FRANK, RIMERMAN & CO. LLP
PCAOB 1596

STIFEL BANK AND TRUST
LEI CKVBED0S4DMLKJJ5XH28

Filing source

Form ADV 2049247 · Mar 13, 2026 · Schedule D 7.B.(1), fund 805-2462761473

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Commerce Ventures, L.P.	Feb 14, 2014	$13,316,753	36
Commerce Ventures II, L.P.	Jun 9, 2016	$25,595,000	30
Commerce Ventures III, L.P.	Sep 13, 2018	Yet to sell	0
Commerce Ventures IV, L.P.	Jun 17, 2021	$137,750,000	Not reported
Commerce Ventures V, L.P. (this fund)	Mar 22, 2024	$140,015,000	49

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Ysbrant Marcelis	Executive
Matt Nichols	Executive
Daniel Rosen	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

604 Mission Street, Suite 600
San Francisco, CA, 94105