Direct Commerce
Latest round
- Series B
Last raised
- Jul 2023
Total raised
- $2.5M
Investors
- 1
About Direct Commerce
Direct Commerce, Inc.Founded in 2000, Direct Commerce, Inc. operates from San Francisco, US, focusing on automating accounts payable processes.Direct Commerce offers a comprehensive suite of solutions aimed at transforming accounts payable (AP) processes for enterprises. Their core product, the Supplier First™ platform, integrates advanced automation features that streamline workflows for invoice processing, matching, disputes, and reporting. This platform empowers suppliers with rapid access to capital, thereby reducing the cost of AP automation by up to 80%. The company’s solutions are designed for businesses across various industries, particularly large enterprises that manage complex supplier networks. Direct Commerce serves a diverse client base, including those in casual dining, retail, and manufacturing sectors, with a focus on delivering modular and configurable solutions that adapt to the unique needs of each client.Direct Commerce generates revenue through a business model that prioritizes B2B transactions, primarily based on subscription fees for its Supplier First™ solutions. Clients typically engage with the platform through annual contracts that include tiered pricing based on the volume of transactions processed. As businesses utilize the platform to automate their AP functions, they pay a subscription fee that scales with the number of suppliers and volume of transactions.In July 2023, Direct Commerce, Inc. The firm plans to expand its market presence with upcoming product launches and enhancements designed to further streamline accounts payable processes.
Who invested in Direct Commerce
1 investor across 1 round
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Funding rounds
Series B
Jul 12, 2023
Amount
$2.5M
Investors
Questions about Direct Commerce
Who invested in Direct Commerce?
Direct Commerce has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Direct Commerce raised?
Direct Commerce has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Direct Commerce last raise money?
Direct Commerce's most recent round on record is a Series B, in Jul 2023.
What does Direct Commerce do?
Direct Commerce is a software company.
Where is Direct Commerce headquartered?
Direct Commerce is headquartered in San Francisco, US.
Which VCs invest in companies like Direct Commerce?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Direct Commerce's stage. Their profiles are linked below.
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