Top 14 Venture Capital Firms For Ecommerce Startups [2022]

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms for Ecommerce startups in the US.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

Note: this article is part of a series where we present you the top Venture Capital firms across the world. Have a look at the complete list here. For marketplace VCs, check out our ranking here.

Top Venture Capital Firms For Ecommerce

Here’s a summary of our top 14 picks for the best venture capital firms for Ecommerce startups in the US (in alphabetical order):

NameLocationInvestment stageInvestment rangeInvestments
Bain CapitalBostonSeed to Series A+$1M – $100M220+
Baroda VenturesLos AngelesSeedUndisclosed15
DC VenturesWashington DCSeed$10k to $100k14
Highland Capital PartnersBostonSeed, Series AUndisclosed270+
Karlin VenturesLos AngelesSeed, Series A$250k to $2M40
Lerer HippeauNYCSeed, Series AUndisclosed154
Math Venture PartnersChicagoSeed, Series A$100k to $2M55
New Stack VenturesChicagoSeed$500k to $1.5M40
Progression FundLos AngelesSeedUndisclosed25
PS27 VenturesJacksonvilleSeed, Series AUndisclosed16
Quixotic VenturesMiamiSeedUndisclosed30
Texas Atlantic CapitalHoustonSeed, Series A$500k to $30M49
The Artemis FundHoustonSeed, Series AUndisclosed16
The Board VenturesJacksonvilleSeed, Series AUndisclosedUndisclosed

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1. Progression Fund

Location: Los Angeles

Based in Los Angeles, Progression Fund is a prominent venture capital firm that offers Seed investment to companies working in the consumer sector. To be more precise, it works with companies that work in the following verticals:

  • Social, Gaming, and Entertainment
  • Social Commerce and Marketplaces
  • Work, Wellness, and Education

Unfortunately, this venture capital firm does not disclose the typical investment amount anywhere on its website. It is interesting to note that Progression Fund also has a physical office in San Francisco.

So far, this venture capital firm has invested in 25 companies. Some of them are Luma, Fiveable, Ok Play, Truehero, Atmosfy, Grow Credit, Ditto, and Storey.

2. Karlin Ventures

Location: Los Angeles

Karlin Ventures is a big name in the venture capital landscape of Los Angeles. This venture capital firm offers Seed and Series A funding to companies that are working in the Enterprise Software, Marketplaces, and Commerce Platform sectors.

The firm typically writes a check between $250k and $2M as co-investors. However, they can also invest in follow-up rounds.

Karlin Ventures invests in companies located on the West Coast. Also, they must have a proof-of-concept along with a capital requirement of less than $5M. Additionally, the companies looking for investment should be able to reach a breakeven point in three years.

Some of the many companies that Karlin Ventures has invested in include Bark, Figs, ChowNow, HONK, InvestedIn, Markkit, Gyft, StrikeAd, and GameMix.

3. The Artemis Fund

Location: Houston

The Artemis Fund is a well-known venture capital firm operating in Houston. The firm is known for funding only those companies that are founded by and led by women. The Artemis Fund supports startups working in Fintech and Ecommerce.

Though this firm offers Seed and Series A funding, it does not clarify the exact investment amount. Apart from funding, the venture capital firm provides network and skills support that the startups require to accelerate and become sustainable companies.

So far, this firm has invested in 16 companies with some notable names such as DRESSX, HopSkipDrive, GoodFynd, Work & Mother, and Green Room, among others.

4. Math Venture Partners

Location: Chicago

Chicago-based Math Venture Partners is a well-known venture capital firm that offers Seed and Series A funding to the companies it selects. This venture capital firm focuses on companies operating in the following sectors: Software, Data Analytics, Marketplaces, and e-Commerce.

Apart from the money, Math Venture Partners also provides mentorship, resources, and connections that a startup usually needs to grow and thrive.

The average check size that Math Venture Partners writes is anywhere between $100k and $2M. So far, this venture capital firm has invested in 55 companies, some of which are 2ndKitchen, Fixer, CardFlight, EatStreet, NoRedInk, Trainual, Spot Hero, Popwallet, and TeamGenius, among others.

5. The Board Ventures

Location: Jacksonville

A popular venture capital firm that operates in Jacksonville is The Board Ventures. This venture capital firm offers Seed and Series A (that is, early-stage) investments to selected companies.

The Board Ventures offers investments to companies operating in the MedTech, Fintech, and e-Commerce sectors. Apart from funds, this venture capital firm also offers guidance and mentorship to each of its portfolio firms so that they can make the right decisions during their crucial years of growth.

Unfortunately, The Board Ventures never discloses the exact investment amount anywhere on its website. Also, it never discloses the number of companies it has funded.

6. DC Ventures

Location: Washington D.C.

DC Ventures is a prominent venture capital firm in Washington D.C. This venture capital firm invests in startups working in IoT, Social Media, Experience Economy, Online Media, e-Commerce, and Fintech sectors.

It is important to note that DC Ventures offers Seed funding, and they typically invest between $10,000 and $100,000. Apart from direct investment, the firm also offers mentorship and advisory services along with access to its vast network of industry experts.

So far, DC Ventures has invested in 14 companies such as Parra Payments, Himitsu Kichi, Peimento, Charquiqui, and Culhaminal Productions among others.

7. Lerer Hippeau

Location: New York City

Based in New York City, Lerer Hippeau is a popular venture capital firm that focuses only on companies that are operating in NYC and offer Seed and Series A investments.

So far, this venture firm has invested in 154 companies, some of which are Allbirds, BuzzFeed, Mirror, Casper, Leaflink, Zipline, Mirror, and Bowery, among others.

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8. PS27 Ventures

Location: Jacksonville

Operational in Jacksonville, PS27 Ventures is one of the most notable venture capital firms that offer Seed and Series A funding. This venture firm invests in companies that operate in the Healthtech, e-Commerce, Fintech, SaaS, and Sustainability sectors.

What is interesting about PS27 Ventures is that they don’t just offer funds, but also incubate the portfolio companies and provide them with the right connections. The venture firm also offers help in strategy development, financial marketing, and other things like go-to-market strategy formulation.

Unfortunately, PS27 never discloses the exact investment amount on its website. So far, it has invested in 16 companies, some of which are Hurdle, Rain Girl, Miventure, SmartBox, and JustProject, among others.

9. Quixotic Ventures

Location: Miami

Quixotic Ventures is run by Mark Kingdom who has been investing in startups since 2005. Quixotic Ventures offers Seed funding to startups in Software, E-Commerce, Apps, Mobile, and Internet verticals.

Though the exact investment amount remains undisclosed, this firm has invested in 30 startups with some big names like UberMedia, Twitter, Snapwire, HomeLight, and more. Of these 30 investments, 11 startups had successful exits.

One of the most important criteria for receiving investment from Quixotic Ventures is that the applicants must send a crisp pitch deck with clear insights.

10. Bain Capital

Location: Boston

Boston’s one of the largest VCs, Bain Capital offers Seed to Series A+ funding to founders associated with ConsumerTech, Fintech, SaaS, Infrastructure Software, Commerce, and Healthcare.

Bain Capital invests anywhere between $1 million and $100 million. Apart from funds, Bain Capital also offers deep domain expertise and operating experience. Plus, the selected companies get access to Bain Capital’s network of partners and customers which helps companies to scale quickly.

This VC firm has funded and helped many prominent businesses to scale including names like LinkedIn, DocuSign, Redis Labs, Rapid7, SendGrid, Rubrik, etc. Bain Capital manages $5.2 billion in assets.

11. Baroda Ventures

Location: Los Angeles

Baroda Ventures is one of the most trusted venture capital firms located in Los Angeles. This venture capital firm offers Seed investment to companies working in Consumer Internet, Digital Media, Blockchain, SaaS, Mobile, and E-Commerce sectors. However, Baroda Ventures never discloses the exact investment amount on its website.

Apart from funding, this venture capital firm works along with its portfolio companies to help them build their companies into lasting businesses. It is important that the companies applying for funding should have a low capital requirement, and they should have large potential markets.

So far, Baroda Ventures has invested in 15 companies, some of which are Amplify, Field Day, Healthvana, Launchpad LA, HelloTech, etc., among others.

12. New Stack Ventures

Location: Chicago

Chicago-based New Stack Ventures is a popular venture capital firm that offers Seed investments to companies that are in any of the following stages – Pre-revenue, in pilots/PoCs, or early commercialization.

This venture capital firm focuses on companies working in any of the following fields: B2B SaaS, Fintech, Supply Chain, Proptech, Healthcare, and eCommerce. The typical check they write is anywhere between $500k and $1.5M.

So far, New Stack Ventures has invested in 40 companies, some of which are Scope AR, ReGroup Therapy, Clora, Hologram, Curv, Adaviv, Gather Voices, and Phood, among others.

13. Texas Atlantic Capital

Location: Houston, Munich

Texas Atlantic Capital is a well-known venture capital firm located in Houston and Munich. Its Houston office services the startups in the US market, whereas the Munich office services the European Market.

This venture capital firm offers Seed and Series A funding to companies working in the cloud, big data, SaaS, e-commerce, storage, digital media, and sharing economy sectors. Interestingly, they can write a check anywhere between $500k and $30M depending on the stage of the company.

So far, they have invested in 49 companies with some of the most notable names being Cloudera, CodeNotary, Rocket Internet, Amplidata, Racktivity, and Dalia Research among others.

14. Highland Capital Partners

Location: Boston

Founded in 1988, Highland Capital Partners is one of the most famed venture capital firms in Boston. The firm has over $7 billion in assets under management. To date, this venture firm has invested in 270+ companies with 200 successful exits, 40 unicorns, and 50+ IPOs.

Highland usually offers Seed and Series A funding, but they do not disclose the amount on their website. They typically invest in startups working in Cybersecurity, ConsumerTech, and Fintech sectors.

Highland Capital Partners’ some of the prominent portfolio companies include Malwarebytes, VistaPrint, Clearbanc, Catalant, Harry’s, nuTonomy, Turbonomic, ThredUP, etc.

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