# CommerceBear

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/commercebear

- Industry: Software
- Headquarters: Toronto, Canada
- Website: http://www.commercebear.com
- Total disclosed funding: $8M
- Latest round: Seed (Sep 2, 2022)
- Investors on record: 7

## About

Based in Ontario, Canada, and founded in 2019 by its CEO Sam Vlessing, CommerceBear Inc. operates as a furniture tech company that helps furniture manufacturers and wholesalers to move their products online to major retailers. In December 2022, CommerceBear Inc. raised CAD 10.5 million in seed funding led by Inovia Capital, with participation from FJ Labs, Garage Capital, Operator Partners, Spider Capital Partners, Watchfire Ventures, and Webb Investment Network. 

CommerceBear Inc. offers a platform with catalog management, channel management, furniture listings, pricing and MAP, images, inventory and orders, analytics, and industry-level support. It helps furniture manufacturers and wholesalers increase efficiency and grow revenues by aggregating multiple channels like Wayfair, Amazon, and Overstock into a single point of truth. The company's client base includes Brown Jordan, Pacific Casual, CODA Industries, and Leather Italia.

CommerceBear generates revenue through subscription-based pricing for its Bear platform, designed for furniture and home suppliers. The platform offers tiered packages, including the Grizzly plan at USD 2,000 per month and the Yeti plan starting at USD 4,000 per month.

## Funding rounds

- Seed, Sep 2, 2022, $8M — Inovia Capital, Webb Investment Network, Spider Capital, FJ Labs, Garage Capital, Watchfire Ventures, Operator Partners

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Seed
- Spider Capital (https://capitalatlas.ai/funds/spider-capital) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Seed
- Watchfire Ventures (https://capitalatlas.ai/funds/watchfire-ventures) — Seed
- Operator Partners — Seed