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
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| 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
CoStar Realty Information, Inc. 30 filings
DoubleVerify 26 filings
Acxiom 22 filings
FreshDirect 15 filings
Alert me
US Department of Labor · latest filing Nov 19, 2025 · Visa details by country
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 investors

SaaS CapitalVia a fund
Click a company to open it. Dashed lines are likely connections. The second step of the network is part of the Pro plan.
Owner
Same company
Same group
Likely
News
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
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
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
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
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
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
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
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
Read more
Report
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
Read more
Report
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
Read more
Report
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






