# Version One Ventures: portfolio, investments and team

> Version One Ventures is a vc firm based in Canada. 88 investments on record, 8 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/version-one (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Version One Ventures

Last cheque observed Sep 2026; 88 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Technology

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Deploying now

**80%** of best year **8** **cheques in 12 months**, 88 on record

Since the last cheque **37** days **00** hrs **00** min **00** sec

Median round **$5.9M** Rounds led **5 of 88** Sole investor **7 rounds** Exits **3 from the portfolio** Mostly in **United States, 56%**

Pitch Version One Ventures

## Version One Ventures highlights

- 01 8 cheques in the last 12 months
- 02 Mostly Seed and Series A: 73% of its rounds
- 03 Sole investor in 7 rounds, median $1.7M
- 04 3 exits from the portfolio

## What they do

> Version One Ventures is an early-stage venture fund investing in the next generation of mission-driven founders who are early in new areas. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed
- **Sectors:** Technology
- **Based in:** Vancouver, Canada
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **88 appearances**

- **2026** 6 rounds
- **Sept** **[Rio Health](https://millionrounds.com/company/rio-health)** Series A · IN · Inc42 **$4.5M** *Led*
- **Jul** **[Pilot Protocol](https://millionrounds.com/company/pilot-protocol)** Seed · Version One Ventures **$4.5M** *Led*
- **Jul** **[Mowito](https://millionrounds.com/company/mowito)** Pre-seed · IN · Version One Ventures **$3.0M** *Led*
- **Apr** **[GridBank](https://millionrounds.com/company/gridbank)** Seed · CA · GreenSky Ventures **$6.0M** *Led*
- **Mar** **[Preemadonna](https://millionrounds.com/company/preemadonna)** US **$500K** With 4 others
- **Feb** **[Pluto Mobility](https://millionrounds.com/company/pluto-mobility)** Seed **$2.0M** Sole investor
- **2025** 8 rounds
- **Nov** **[Arctus Aerospace](https://millionrounds.com/company/arctus-aerospace)** Pre-seed **$2.6M** With 2 others
- **Nov** **[Moment Energy](https://millionrounds.com/company/moment-energy)** Debt · CA **$5.0M** With 3 others
- **Oct** **[Loon](https://millionrounds.com/company/loon)** Pre-seed · CA **$2.1M** With 1 other
- **Aug** **[Codex Data Inc.](https://millionrounds.com/company/codex-data-inc)** Seed · CA **$3.5M** With 2 others
- **Jul** **[TRIC Robotics](https://millionrounds.com/company/tric-robotics)** Seed · US **$5.5M** With 5 others
- **Jun** **[NiaHealth](https://millionrounds.com/company/niahealth)** Seed · CA **$4.2M** With 3 others
- **May** **[Dinari](https://millionrounds.com/company/dinari)** Series A · US **$13M** With 4 others
- **Jan** **[Moment Energy](https://millionrounds.com/company/moment-energy)** Series A · CA · Audacy **$15M** With 9 others
- **2024** 7 rounds
- **Dec** **[Preemadonna](https://millionrounds.com/company/preemadonna)** US **$340K** With 4 others
- **Nov** **[Pickle Robot](https://millionrounds.com/company/pickle-robot)** Series B · US **$50M** With 4 others
- **Sept** **[Optimotive](https://millionrounds.com/company/optimotive)** Seed · CA **$2.0M** With 2 others
- **Jun** **[Inflection.io](https://millionrounds.com/company/inflection-io)** Venture · US **$7.6M** With 2 others
- **May** **[Bedrock Materials](https://millionrounds.com/company/bedrock-materials)** Seed · US **$9.0M** With 3 others
- **Mar** **[ether.fi](https://millionrounds.com/company/ether-fi)** Venture · KY **Undisclosed** With 5 others
- **Feb** **[Jam](https://millionrounds.com/company/jam)** Series A · US **$8.9M** With 4 others
- **2023** 4 rounds
- **Dec** **[Bikky](https://millionrounds.com/company/bikky)** Series A · US **$8.3M** With 2 others
- **Aug** **[Filebase](https://millionrounds.com/company/filebase)** Seed · US **$1.0M** With 1 other
- **Jun** **[EnergyBank](https://millionrounds.com/company/energybank)** Grant · NZ **$41K** With 4 others
- **Feb** **[Jobber](https://millionrounds.com/company/jobber)** Series D · CA **$100M** With 4 others
- **2022** 10 rounds
- **Dec** **[Replay](https://millionrounds.com/company/replay)** Series A · US **$13M** With 2 others
- **Nov** **[Peaze](https://millionrounds.com/company/peaze)** Pre-seed · US **$2.1M** Sole investor
- **Sept** **[Cap Hill Brands](https://millionrounds.com/company/cap-hill-brands)** Series B · US **$100M** With 3 others
- **Sept** **[Patch](https://millionrounds.com/company/patch)** Series B · AU **$55M** With 4 others
- **May** **[Booster](https://millionrounds.com/company/booster)** Series D · US **$125M** With 3 others
- **Apr** **[Remio](https://millionrounds.com/company/remio)** Seed · US **$4.5M** With 2 others
- **Apr** **[Firstparty](https://millionrounds.com/company/firstparty)** Seed · US **$5.8M** With 1 other
- **Mar** **[NCX](https://millionrounds.com/company/ncx)** Series B · US **$50M** With 4 others
- **Mar** **[Tenderly](https://millionrounds.com/company/tenderly)** Series B · RS **$40M** With 3 others
- **Feb** **[Headout](https://millionrounds.com/company/headout)** Series B · US **$30M** With 5 others
- **2021** 5 rounds
- **Oct** **[Gencove](https://millionrounds.com/company/gencove)** Series A · US **$10M** With 3 others
- **Sept** **[EnPowered](https://millionrounds.com/company/enpowered)** Seed · CA **$7.4M** With 3 others
- **Jul** **[Zenput](https://millionrounds.com/company/zenput)** Series C · US **$27M** With 2 others
- **May** **[Dolly](https://millionrounds.com/company/dolly)** Venture · FR **Undisclosed** With 3 others
- **May** **[Defined](https://millionrounds.com/company/defined)** Seed **$2.5M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**3+** funds on file numbered funds in its name

## Exits from the portfolio

Companies it backed that were later bought or listed **3 in all**

**[Dwellable](https://millionrounds.com/company/dwellable)** Bought by [HomeAway](https://millionrounds.com/fund/homeaway) **Undisclosed** Oct 2015

**[Tindie](https://millionrounds.com/company/tindie)** Bought by Hackaday **Undisclosed** Aug 2015

**[Clarity](https://millionrounds.com/company/clarity)** Bought by [Fundable](https://millionrounds.com/fund/fundable) **Undisclosed** Feb 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed

Median round joined **$5.9M** the round, not its cheque Alone, median **$1.7M**

Led 5 of 88 rounds **6%**

- **Sole investor:** 7 rounds
- **Last cheque:** Sept 2026
- **Exits:** 3 from the portfolio

Rounds by stage said on their site

- Seed said *38*
- Series A *20*
- Series B *12*
- Venture *6*
- Pre-seed said *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Inovia Capital](https://millionrounds.com/fund/inovia-capital) 7
- [Point Nine Capital](https://millionrounds.com/fund/point-nine-capital) 6
- [500 Global](https://millionrounds.com/fund/500-startups) 5
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 5
- [Floodgate](https://millionrounds.com/fund/floodgate) 5
- [Garage Capital](https://millionrounds.com/fund/garage-capital-2) 5

**Pitching Version One Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Version One Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Inovia Capital** VC firm **7** rounds together](https://millionrounds.com/fund/inovia-capital)[**Point Nine Capital** VC firm **6** rounds together](https://millionrounds.com/fund/point-nine-capital)[**500 Global** Angel **5** rounds together](https://millionrounds.com/fund/500-startups)[**Andreessen Horowitz** VC firm **5** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Floodgate** VC firm **5** rounds together](https://millionrounds.com/fund/floodgate)[**Garage Capital** VC firm **5** rounds together](https://millionrounds.com/fund/garage-capital-2)[**Maveron** VC firm **5** rounds together](https://millionrounds.com/fund/maveron)[**SV Angel** VC firm **5** rounds together](https://millionrounds.com/fund/sv-angel)[**Great Oaks Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/great-oaks-venture-capital)[**Real Ventures** Family office **4** rounds together](https://millionrounds.com/fund/real-ventures-2)[**Union Square Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/union-square-ventures)[**Ascend** VC firm **3** rounds together](https://millionrounds.com/fund/ascend)

## Recently backed

The latest companies Version One Ventures put money into.

[**Pilot Protocol** $4.5M · Jul 2026](https://millionrounds.com/company/pilot-protocol)[**Mowito** $3.0M · Jul 2026](https://millionrounds.com/company/mowito)[**GridBank** $6.0M · Apr 2026](https://millionrounds.com/company/gridbank)[**Preemadonna** $500K · Mar 2026](https://millionrounds.com/company/preemadonna)[**Moment Energy** $5.0M · Nov 2025](https://millionrounds.com/company/moment-energy)[**Loon** $2.1M · Oct 2025](https://millionrounds.com/company/loon)

## On podcasts

4 episodes naming Version One Ventures in the title, and 2 more that mention it.

- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 15 Dec 2024 · 53 min Lessons From 25 Years of Investing with Boris Wertz, Founder and GP, Version One Ventures Mentions [Boris Wertz](https://millionrounds.com/fund/boris-wertz)[Version One](https://millionrounds.com/fund/version-one-2)[Version One Ventures](https://millionrounds.com/fund/version-one) Apple Podcasts
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 14 May 2018 · 24 min 20VC: Why Crypto Is The Biggest Disruptor To Hit VC In A Decade, The State of Crypto Today & Why Investing In Decentralized Platforms Requires A New Mental Model with Boris Wertz, Founding Partner @ Version One Ventures Mentions [Boris Wertz](https://millionrounds.com/fund/boris-wertz)[Version One](https://millionrounds.com/fund/version-one-2)[Version One Ventures](https://millionrounds.com/fund/version-one) *+2* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 28 Dec 2015 · 30 min 20 VC: The Ultimate Guide To Marketplaces with Boris Wertz, Founding Partner @ Version One Ventures Mentions [Boris Wertz](https://millionrounds.com/fund/boris-wertz)[Version One](https://millionrounds.com/fund/version-one-2)[Version One Ventures](https://millionrounds.com/fund/version-one) *+1* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 21 May 2015 · 23 min 20 VC 038: How Make Connections with VCs and Maximise Employability with Angela Tran Kingyens @ Version One Ventures With [Angela Tran](https://millionrounds.com/person/angela-tran)[Angela Tran Kingyens](https://millionrounds.com/person/angela-tran-kingyens) Mentions [Version One](https://millionrounds.com/fund/version-one-2)[Version One Ventures](https://millionrounds.com/fund/version-one)[Fred Wilson](https://millionrounds.com/fund/fred-wilson) *+2* Apple PodcastsShow page

### Mentioned in

- [The BetaKit Podcast](https://millionrounds.com/podcasts/betakit) 23 Feb 2026 · 52 min How to fix Canada's Start-up Visa Apple PodcastsShow page
- [The BetaKit Podcast](https://millionrounds.com/podcasts/betakit) 10 May 2024 · 52 min Tobi Lütke finally comes on the podcast Apple PodcastsShow page

## Quick answers about Version One Ventures

### What does Version One Ventures invest in?

Version One Ventures invests most often at Seed and Series A (73% of the rounds on record), in sectors such as Technology.

### How active is Version One Ventures?

88 investments on record, 8 of them in the last 12 months, and it led 5. The most recent was in Sept 2026.

### What has Version One Ventures invested in recently?

Its most recent investments on record: Rio Health (Series A, Sept 2026), Pilot Protocol (Seed, Jul 2026) and Mowito (Pre-seed, Jul 2026).

### How big are Version One Ventures's cheques?

The median round it joins is $5.9M.

### Does Version One Ventures lead rounds?

Sometimes: it led 5 of its 88 investments on record (6%).

### Where does Version One Ventures invest?

Most of the companies it backs are in the United States (56%), Canada (25%) and India (6%).

### Is Version One Ventures investing now?

Yes: it is actively investing, with 8 investments in the last 12 months.

### Who does Version One Ventures invest alongside?

Most often Inovia Capital (7 rounds together), Point Nine Capital (6 rounds together) and 500 Global (5 rounds together).

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