Basis Vectors Acquires CommerceV3

July 20, 2022

Basis Vectors, a private equity and technology investment firm, has acquired CommerceV3, a subscription-based cloud e-commerce platform serving hundreds of middle-market merchants in the Food and Gift segments. Terms were not disclosed; CommerceV3 co-founders Blake Ellis and Nathan Focht will remain running day-to-day operations while Basis Vectors plans to drive growth organically and via strategic acquisitions.

Buyers
Basis Vectors
Targets
CommerceV3
Industry
Cloud & SaaS
Location
New York, United States
Transaction Type
Buyout

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