Direct Commerce

Commerce
$7.5Mtotal raised · 3 rounds on record
$2.5Mlatest round · Venture round · Jul 2023 · 3 yr ago
1backers · SaaS Capital
22team · US Form 5500 (plan participants) · Dec 2025 · -4% in a year

Overview

Unlock the future of AP automation with Direct Commerce. Supplier-First tech and dynamic discounting drive savings, agility & stronger supplier partnerships.

Funding and backers

Total raised
$7.5M
3 rounds on record
Latest round
$2.5M
Venture round · Jul 2023 · 3 yr ago
Team
22
US Form 5500 (plan participants) · Dec 2025 · -4% in a year
Backers
1
SaaS Capital
The money's age
Long since its last round
40 months since the last round · not hiring
Momentum
15/100
in the news
Last sign of life
1 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Apr 22 Launched Direct Commerce Launches the AP Institute, Names Daniel Shore as Executive Chairman · directcommerce.com May 8, 2025 New executive Direct Commerce Appoints Fintech Executives as President and Head of Sales, Closes Follow On Growth Funding Financial Post · financialpost.com Jul 12, 2023 Raised a round Venture round $2.5M · SEC Form D 2023 Founded Dec 13, 2021 Raised a round Series B · PRNewswire Aug 16, 2021 Raised a round Venture round $5M · SEC Form D
Funding rounds
RoundDateAmountInvestorsSource
Venture round Jul 2023 $2.5M — SEC Form D
Series B Dec 2021 — — PRNewswire
Venture round Aug 2021 $5M — SEC Form D
Registers and programsofficial lists and records that name the company
Legal entity Direct Commerce, Inc. SEC Form D
Founders and leadersfrom filings, registers and the company's site
Bruce HanavanExecutive Officer, DirectorSEC Form D
Kent JohnsonExecutive Officer, DirectorSEC Form D
John MecklenburgExecutive Officer, DirectorSEC Form D
Backed byfrom the funds' portfolios and accelerator catalogs
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Visa sponsorship

0
H-1B filings in 12 months
1
Green card filings
$153k
Median offered salary
In the register as Direct Commerce, Inc., Palo Alto, CA
Other sponsors in the same field
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US Department of Labor · latest filing Nov 19, 2025 · Visa details by country

Financials

Total raised
$7.5M
Latest round
Venture - Series Unknown
Funding rounds
3
Funding rounds
Round Announced Amount
Venture - Series Unknown 2023 $2.5M Details
Series B 2021 — Details
Venture - Series Unknown 2021 $5M Details

People

Bruce Hanavan
Executive Officer, Director
Kent Johnson
Executive Officer, Director
John Mecklenburg
Executive Officer, Director
Robert Wadsworth
Director
Richard Garvin
Director
Steve Wadsworth
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data

Connections

List
Graph
Found in company registers, site code, DNS and hiring. Each connection shows how sure we are and the evidence, with its source and date.
Shared investors1
SaaS CapitalVia a fund
106 portfolio companies: Intradiem, Brightree, GlobalProtect Portal and 103 more

News

Blog 3 months ago
91% of AP Teams Are Using AI. 76% Aren't Sure What It Should Be Doing.
Those two numbers come from the same survey of 500+ finance and AP leaders, and they're not a contradiction. They're the actual state of AI adoption in accounts payable right now. In a recent conversation, Jesse Henry and Daniel Shore of Direct Commerce d
Read more
Report
Blog 3 months ago
How AI Should Actually Handle AP Disputes (Not Just Flag Them)
When a supplier rejects an invoice, most AP teams already know what happens next. Someone has to step away from the job in front of them, whether that's a check run, a weekly payment cycle, or a hold they're trying to clear, and go dig through the history
Read more
Report
Blog 3 months ago
No More Going Around in Circles
The kids are back in school. The out-of-office replies are done. The calendar is filling up fast. If you spent any part of the summer thinking about your AP process - what's working, what isn't, whether your suppliers are actually set up to succeed - now
Read more
Report
Blog 3 months ago
Everyone's Talking About AI in AP. Here's What the Data Actually Shows.
AP teams have absorbed years of AI hype, but where do they actually stand? We polled a room of AP managers, controllers, and finance leaders during a recent webinar on AI-native accounts payable. The results: manual exceptions are still the top pain point
Read more
Report
Blog 3 months ago
We Polled the Room During Our AI-Native AP Webinar. Here's What Finance Leaders Actually Said.
A couple weeks ago, Daniel and I hosted a webinar on AI-native accounts payable. Somewhere between explaining what "AI-native" actually means and walking through the platform, we ran a handful of live polls with the audience. Nothing scientific, just a pu
Read more
Report
Blog 4 months ago
AI-Enabled vs. AI-Native AP: Why the Difference Matters More Than You Think
Everyone is talking about AI in AP. Vendors are slapping "AI-powered" on everything. Finance leaders are fielding pitches left and right. And somewhere in the middle, AP teams are wondering: is any of this actually changing anything? The honest answer? It
Read more
Report
Blog 4 months ago
AP Doesn't Take a Summer Break. But Your Strategy Might Need One.
It's mid-July. Half the team is out. The calendar is quiet. Approvals are slower than usual. This is the part of the year where most AP teams put their heads down and coast to Q4. Don't. The Lull Is a Gift. Most Teams Waste It. Summer slowdowns feel like
Read more
Report
Blog 7 months ago
Direct Commerce Launches the AP Institute, Names Daniel Shore as Executive Chairman
A new content hub for AP professionals, led by an accountant who has run AP departments and now shapes the products that serve them San Francisco - April 21, 2026 - Direct Commerce , the company reshaping AP automation with its Supplier First approach, to
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Report
Blog 8 months ago
A Tariff On Suppliers?
"That Made Me Question A Decade Worth of Work." Joe Hyland, President of Direct Commerce, has worked in the industry for decades. A few years ago, he started asking a simple question: who is AP automation actually working for? He started talking with indu
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Report
Blog 9 months ago
Your finance team is in a toxic relationship.
With bad data. Billing and AP aren't inefficient. They're stuck mediating problems they didn't create. The invoice doesn't match the PO. The receipt is missing. The amount is wrong. So your team steps in. Again. And again. This isn't automation. It's depe
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Show more news

Offices

Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Palo Alto United States
HQ
10-50 est. staff