Vancouver-based Version One Ventures Announces $57 Million New Venture Capital Fund (Version One Ventures III)
Boris Wertz, Founding Partner and Angela Tran Kingyens, General Partner of Version One Ventures
Vancouver, BC, October 18, 2018--(T-Net)--Version One Ventures announced today the launch of a new venture capital fund (Version One Ventures III) with $45M USD ($57M CAD) in commitments.
With Fund III, the firm says it will be doubling down on all that has worked in their previous funds - including their strategy, geography, investment thesis and philosophy.
"It's an exciting time to be launching a new fund as our focus on network effects and broad geography are driving opportunities in both existing and emerging markets" said the firm in its blog announcement.
About Fund III
- We invest in the early stages of company creation, leading or participating in pre-seed and seed-rounds with cheque sizes between $500K and $750K. This is where we believe we can have the biggest impact.
- We invest in companies and platforms that leverage network effects. This has been our core thesis in prior funds and led us to invest in marketplace, AI/ML and SaaS companies. But a thesis centered around network effects isn't static - and isn't limited to any particular sector, business model, or platform. Decentralized platforms offer new opportunities to create network effects in a wide open space without big incumbents like Google, Facebook, Amazon, and Apple. And we also look at companies that are creating the best product for a specific vertical - including bio/healthcare and other emerging tech. With Fund III, we'll be concentrating wherever network effects are at play; this thesis gives us focus while enabling us to broaden our scope across existing and emerging opportunities.
- We invest across North America. From Fund I and now to Fund III, we have been able to serve as an important bridge between Silicon Valley and other tech ecosystems. With Angela's promotion to General Partner, we now have investment partners located in both the U.S. and Canada, offering portfolio companies strong networks and resources on both sides of the border. Our particular focus is in San Francisco Bay Area, Toronto/Waterloo, Seattle, and NYC. We believe these emerging tech ecosystems are more relevant than ever, and want to empower entrepreneurs outside Silicon Valley with opportunities to grow successful businesses.
- Lastly, we will continue our goal to be the most value-add investor for our portfolio founders as they push to create category-leading companies. Having run our own companies, we try to pass on as much of our operations knowledge as possible.
About Version One Ventures
version one ventures is an early-stage fund investing in outstanding consumer internet, SaaS and mobile entrepreneurs.
With investments in over 50 companies and ten years of experience we help you create remarkable, long-term impact.
Our core beliefs guide our investments and we actively share our learnings and viewpoints to help today's innovators make a difference.