Version One Ventures closes third early-stage fund at $57 mln
Canadian venture capital firm Version One Ventures has closed its third fund at about $57 million in committed capital. Version One Ventures III was backed by new and existing limited partners, including such institutions as Invesco, HarbourVest, Northleaf Capital Partners and Kensington Capital Partners. Commitments were also secured from entrepreneurs at Shopify, Slack, Hootsuite, Wattpad, Salesforce and other companies. Founding Partner Boris Wertz said Fund III will double down on the investment strategy followed by Vancouver-based Version One since its launch in 2012. It will lead or join pre-seed and seed rounds with cheque sizes of $500,000 to $750,000, backing North American startups and platforms that leverage network effects.
17 October 2018•4 mins read
