Interlace Ventures, a San Francisco, and NYC-based early stage venture firm focused on investing in innovative commerce technologies, raised $14m for its debut fund.
Backed by Paypal, Bain Capital Ventures, Carta and some of the most prominent families, executives and entrepreneurs in the commerce space, the firm brings together a broad community of change-makers committed to building a better future of commerce.
Led by Managing Partners Vincent Diallo and Joseph Sartre, Interlace Ventures invests in pre-seed and seed-stage startups building a more personalized and sustainable future of shopping. The firm plans to invest in up to 30 companies, with a current portfolio of 13 companies across commerce infrastructure and sustainability including Alloy Automation, b8ta, CommerceJS, Olive, and Treet.
Composed exclusively of former commerce operators in the U.S. and China, the investment team recently added two new venture partners, Vibhu Norby and Sydney Werber, who bring deep expertise in new retail experiences and video commerce.
Beyond capital, Interlace Ventures offers its portfolio access to its Commerce Platform—an active global community of nearly 100 brands and retailers, including companies like Mars Wrigley and Decathlon, eager to gain insights into the evolution of commerce and connect with change-makers.