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Version One Ventures is a venture capital firm founded in 2012 by Boris Wertz and Angela Tran, based in Vancouver, Canada. The firm specializes in early-stage investments, primarily targeting technology-driven companies that have the potential to create significant societal impact. Since its inception, Version One Ventures has focused on supporting mission-driven entrepreneurs who are at the forefront of new market categories.
As of 2026, Version One Ventures manages a portfolio of 113 companies and has raised six funds, including Fund I at $18.7 million and Fund II at $35 million. The firm has established a strong reputation in the venture capital space, with notable limited partners such as BDC Capital and Northleaf Venture Catalyst. Their investment strategy emphasizes ongoing support through multiple funding rounds, helping entrepreneurs navigate the challenges of scaling their businesses.
Version One Ventures has achieved significant milestones, including backing six unicorns and one IPO. The firm’s focus on technology-driven ventures allows it to leverage its extensive network and expertise to provide valuable resources to its portfolio companies.
Version One Ventures primarily invests in seed-stage companies across various sectors, including consumer internet, SaaS, fintech, healthcare, and crypto. The firm typically leads or co-leads investments ranging from $500,000 to $1.5 million, providing ongoing support through multiple funding rounds. Their investment thesis centers on backing mission-driven founders who are committed to building generational tech companies with the potential for societal impact.
The firm seeks entrepreneurs who are often at the forefront of new market categories, demonstrating a willingness to embrace paradigm shifts. Version One Ventures emphasizes the importance of a strong founding team and innovative business models. They are particularly interested in technology-driven ventures that can create significant societal change, aligning with their mission-driven focus.
Version One Ventures has a diverse portfolio of 113 companies, with notable investments including:
Additionally, Version One Ventures has backed other notable companies such as Clio, Wattpad, and AngelList, contributing to a strong track record of successful investments.
Boris Wertz: Founding Partner. Boris has a background as the co-founder of AbeBooks, which was sold to Amazon. He brings extensive marketplace expertise and has led numerous successful investments in technology-driven companies.
Angela Tran: Partner. Angela has a strong background in venture capital and has been instrumental in shaping the investment strategy at Version One Ventures.
Laura Behrens Wu: Partner. Laura has experience in scaling technology companies and provides valuable insights into operational challenges faced by startups.
Mike Murchison: Co-founder of Ada. Mike has a deep understanding of customer service automation and has played a key role in Ada's growth.
Brian Armstrong: Co-founder of Coinbase. Brian's expertise in the cryptocurrency space has been pivotal in shaping Version One's investment in this sector.
Suren Sultania: Co-founder of Headout. Suren brings experience in the travel and experiences sector, contributing to Version One's diverse portfolio.
Sam Pillar: Co-founder of Jobber. Sam's insights into the home service industry help Version One identify promising startups in this space.
Hayden Adams: Founder of Uniswap. Hayden's experience in decentralized finance has been crucial for Version One's investments in the crypto sector.
To pitch Version One Ventures, founders should visit their website at versionone.vc. The firm prefers pitches that include a clear overview of the business model, market opportunity, and the founding team's vision. While specific application forms are not provided, a well-structured pitch deck is essential. Response times may vary, but founders should expect a thorough review process.
On February 19, 2026, Version One Ventures announced an investment in Pluto, further expanding its portfolio in the fintech sector. The firm also published a blog post on March 2, 2026, discussing their investment philosophy and approach to supporting mission-driven founders. Additionally, they provided a portfolio recap for Q4 2025 on January 5, 2026, highlighting their ongoing engagement with their audience and investment activities.
What are Version One Ventures' investment criteria?
Version One Ventures focuses on seed-stage investments in technology-driven companies across sectors like consumer internet, SaaS, fintech, healthcare, and crypto. They seek mission-driven founders who are committed to building generational tech companies.
How can I apply or pitch to Version One Ventures?
Interested parties can pitch to Version One Ventures by visiting their website at versionone.vc. Specific application forms or email addresses are not provided.
What makes Version One Ventures different from other VC firms?
The firm emphasizes backing mission-driven founders and provides ongoing support through multiple funding rounds. Their focus on societal impact and technology-driven ventures sets them apart in the venture capital landscape.
What is the geographic scope of Version One Ventures' investments?
Version One Ventures primarily invests in companies based in the United States, although they are based in Vancouver, Canada.
What is the typical check size for investments?
Version One Ventures typically invests between $500,000 and $1.5 million in seed-stage companies.
What kind of post-investment involvement does Version One Ventures have?
The firm provides significant value-add through ongoing support and guidance, leveraging its extensive network and expertise to help portfolio companies navigate challenges and scale effectively.
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