Boris Wertz's Version One Ventures Wins Big as Cryptocurrency Trading Platform Coinbase Shares Soar in Debut

Friday, April 16, 2021

Vancouver, BC, April 16, 2021--Version One Ventures was a big winner in Coinbase's public listing, as the Vancouver seed venture capital firm scored a return of 25 times its investment in the San Francisco-based cryptocurrency trading platform. Version One, led by Boris Wertz and Angela Tran, invested US$2M across two private financings of Coinbase in 2017 and 2018, picking up about 151,000 shares. Version One ended the day owning about US$50M worth of stock - worth nearly twice the size of its entire fund, at least on paper. It was the first company backed by the firm that has gone public.