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Clio nets $20 mln Series C fundsClio has closed $20 million in Series C financing. Bessemer Venture Partners led the round with participation from Acton Capital Partners, Point Nine Capital and Version One Ventures. According to the company, the capital will be used for product development and international expansion. Based in Vancouver, British Columbia, Clio is a cloud-based practice management platform for the legal sector.
Version One Ventures leads $2.3 mln follow-on financing of UpverterCloud-based hardware engineering platform Upverter Inc has raised $2.3 million in follow-on financing in a round led by early stage venture firm Version One Ventures, General Partner Boris Wertz told peHUB Canada. The round included Golden Venture Partners and several entrepeneurs and angel investors, according to TechCrunch, which first reported http://techcrunch.com/2014/03/20/upverter-raises-2-3m-to-be-the-online-collaboration-layer-for-hardware-engineering/ the news. Founded in 2010 by engineering students at the University of Waterloo, Upverter provides electrical engineers with collaboration, data and design tools aimed at creating hardware more efficiently and in less time.
- Version One Ventures leads $2.3 mln follow-on financing of Upverter
Cloud-based hardware engineering platform Upverter Inc has raised $2.3 million in follow-on financing in a round led by early stage venture firm Version One Ventures, General Partner Boris Wertz told peHUB Canada. The round included Golden Venture Partners and several entrepeneurs and angel investors, according to TechCrunch, which first reported http://techcrunch.com/2014/03/20/upverter-raises-2-3m-to-be-the-online-collaboration-layer-for-hardware-engineering/ the news. Founded in 2010 by engineering students at the University of Waterloo, Upverter provides electrical engineers with collaboration, data and design tools aimed at creating hardware more efficiently and in less time.
BDC, CVCA infographic points to VC's impact on Canadian startupsAn infographic http://www.bdc.ca/EN/solutions/venture_capital/newsroom/Pages/impact_vc_on_businesses.aspx created by the Business Development Bank of Canada (BDC) and Canada's Venture Capital & Private Equity Association (CVCA) highlights data attesting to the positive impact of venture investment in Canadian innovative companies. Some of the data come from a 2013 report /canada/2013/11/03/the-collateral-benefits-venture-capital/ published by the CVCA in partnership with Industry Canada and Statistics Canada, providing new evidence of the economic benefits of market activity. Speaking about Canadian venture deal-making trends in 2013, BDC executive vice-president Jérôme Nycz said results show "the fruits of an ecosystem coming together." BDC also pointed to recent trends that have been influenced by BDC Venture Capital's fund-of-funds activity, direct investments made by its specialty IT, energy/cleantech and healthcare funds, and its role in facilitating the implementation of Ottawa's Venture Capital Action Plan.
Super angel makes quick ascentBoris Wertz’s instiutional seed fund is just over a year old, but has risen to become one of the top 10 seed funds in North America
Version One invests in Front Desk's $4 mln Series A, Boris Wertz joins boardFront Desk Inc has secured US$4 million in a Series A financing round. The deal was led by U.S. venture capital firm Floodgate with the participation of Canadian firm Version One Ventures, as well as Second Avenue Partners and other existing investors. Boris Wertz, general partner at Version One Ventures, has also joined the company's board of directors. Based in Seattle, Washington, Front Desk is a mobile-first, software-as-a-service platform that provides cloud-based client management tools to small businesses in the personal services economy. The company was founded in 2013. Boris Wertz was last month interviewed /canada/2014/01/27/super-angel-boris-wertzs-seed-fund-makes-quick-ascent-to-north-americas-top-10/ by peHUB Canada.
- FLOODGATE leads $4 mln Series A funding in Front Desk
FLOODGATE has led a $4 million Series A funding round in Front Desk, which provides payment processing for businesses. Existing investors Second Avenue Partners, Version One Ventures, Rich Barton, founder of Expedia and co-founder of Zillow, and others participated in the funding round. Front Desk has raised a total of $7.2 million to date. Mike Maples of FLOODGATE and Boris Wertz of Version One Ventures have joined the Front Desk board of directors.
Super angel Boris Wertz's seed fund makes quick ascent to North America's top 10Boris Wertz launched Version One Ventures with the aspiration of making it “one of the top 10 seed funds in North America.” Less than a year later, he appears to have realized that ambition. U.S. data platform Mattermark last month ranked Vancouver-based Version One as No. 8 on a list of 115 leading VC investors. PeHUB Canada Editor Kirk Falconer sat down with Wertz to find out his secret to success.
- Super angel Boris Wertz's seed fund makes quick ascent to North America's top 10
When Boris Wertz, general partner at Version One Ventures, launched the firm's first micro-fund focused on early-stage consumer Internet, e-commerce, SaaS and mobile companies in Feb. 2013, he said he wanted it to become one of "the top 10 seed funds in North America.” Less than a year later, it appears that ambition was realized. In December, U.S. data platform Mattermark ranked http://mattermark.com/app/Benchmarking Version One Ventures No. 8 in a list of 115 leading VC investors, ahead of a number of top Silicon Valley brands.
Version One and Rho Canada Ventures lead $2 mln seed funding of Figure 1Figure 1, a provider of free medical images that are readily available to the healthcare community, has secured $2 million in seed-stage financing. The round was led by Canadian venture capital firms Version One Ventures and Rho Canada Ventures, with the participation of the Investment Accelerator Fund, DMZ Investments, and a number of angel investors, including Zen Chu, founder of Accelerated Medical Ventures, and Daniel Debow, co-founder of Rypple. Launched in 2013, Figure 1 will use the funding to fuel the company's expansion. Figure 1 is an alumnus company of Ryerson University-based incubator Digital Media Zone, which since its opening in 2010 has facilitated the incubation and acceleration of 121 start-ups.