List of the 1,000 largest eCommerce Venture Capital Investors [2025]

List of 5 large eCommerce Venture Capital Investors

In recent years, e-commerce has cemented its position as a cornerstone of the global retail industry, transforming the way consumers shop and businesses operate. In this article, we highlight five prominent venture capital funds from our curated VC list, each of which is actively investing in innovative e-commerce startups that are shaping the future of online retail.

1. GarageCapital (Canada) 

Garage Capital is the go-to Waterloo-based venture capital firm, founded in 2013 with a laser-focused strategy on early-stage investments in Canadian companies.This firm was established by prominent entrepreneurs from the local engineering community. They draw on their extensive operational experience, leveraging it to mentor early-stage companies. Their impressive portfolio features household names like Substack, OpenPhone, ApplyBoard, and Clearco. This highlights their strategic focus on high-growth sectors such as SaaS, fintech, robotics. One of their recent investments was in Float Financial Solutions, a financial software company that received later-stage venture capital funding at the end of 2024. Another investment was in Cartage, a business and productivity software company that secured funding in October, 2024.

2. Arkam VC (India) 

Arkam Ventures is an early-stage venture capital firm based in Bengaluru, India. The firm focuses on two primary investment themes: the digitisation of India and Software-as-a-Service (SaaS) solutions from India to the global market. The firm aims to back technology entrepreneurs innovating for ‘Middle India’—comprising some 400 million people just below the top of the pyramid. In In 2024, Arkam invested $4.3M in BharatAgri, an e-commerce platform for farming inputs, to expand its reach and delivery network. It also backed Jumbotail, a digital platform for Kirana stores, supporting supply chain, logistics, and credit services. These investments reflect Arkam’s commitment to driving digital innovation for Middle India.

3. Entreé Capital (Israel) 

Entreé Capital is a global venture capital firm founded in 2010, with offices in Israel, the UK, and the US. The firm manages over $1.25 billion across nine funds and has invested in more than 180 companies worldwide. Their investment portfolio spans various sectors, including E-Commerce, AI, Data, DeepTech, FinTech, Cyber, SaaS, and Crypto, supporting startups from pre-seed to growth stages. In January 2022, Entreé Capital announced the closing of its fourth Israel-focused early-stage fund and its second Israel-focused early growth fund, totalling $300 million in new commitments.These funds aim to invest in startups engaged in DeepTech, FinTech, SaaS, Web 3.0 (Crypto/Blockchain), Data/Cloud Infrastructure, DevOps, as well as consumer and foodtech sectors. Notably, their previous investments include e-commerce companies such as Cazoo, an online used car marketplace based in the UK.

4. Rakuten Capital (Japan)

Rakuten Capital, the corporate venture arm of Rakuten Group – a global leader in internet services and e-commerce – was established to identify and invest in strategic opportunities. The focus of Rakuten Capital is on sectors that complement Rakuten’s core businesses, including e-commerce, fintech and digital content. The firm operates across multiple geographies, aiming to foster innovation and growth within the broader Rakuten ecosystem. Rakuten Group’s financial reports indicate a continued commitment to strengthening its e-commerce platform. For instance, the FY2024 Fourth Quarter and Full Year Consolidated Financial Results highlight that Rakuten’s domestic e-commerce revenue reached ¥205.5 billion in Q4/22, marking a 13.3% year-over-year increase. Additionally, the company’s focus on enhancing user retention and expanding its market presence underscores its dedication to the e-commerce sector.

5. Index Ventures (United Kingdom)

Index Ventures is a venture capital firm that invests in start-ups with the potential to become global leaders. With offices in London, San Francisco and New York, Index Ventures has backed e-commerce companies such as ASOS, an online fashion retailer, and Farfetch, a luxury goods platform. Index Ventures manages significant assets, with investments ranging from $100,000 to $500 million, driving innovation in the global e-commerce sector.

Picture Source: Mike Petrucci

Included information in our list

Our keyword analysis-based list includes the following general columns:

• Name of the VC fund
• Country of origin
• URL
• E-mail (general)
• Investment focus (if data available)
• Corporate VC (yes/no)

The following columns are based on the keyword crawler, which is a Python-based, in-house developed tool that crawls every page for at least 45 seconds to find the respective keywords.

• total_frequency (e.g.: 792) – total counted occurrences of keywords on the VC website
• average_keyword_rate (e.g. 0.04) – average rate of keyword occurrences per subpage in relation with total number of words
• most_common_keyword (e.g. „ecommerce“) – keyword that was counted the most often on respective VC website
• most_common_keyword_frequency (e.g. 47) – number of times the most common keyword was counted
• sub_url_highest_rate (e.g. https://entreecap.com/companies/) – sub url with the highest number of found keywords
• highest_rate (e.g. 0.04) – highest keyword rate per subpage
• frequency_per_keyword: {‘ecommerce’: 145, ‘onlineshop’: 141, ‘online shop’: 1, ‘online commerce’: 0, ‘webshop’: 0, ‘online shopping’: 0} – dictionary of number of keyword occurrences per keyword

Picture Source: rupixen.com