Announcing Fund V and Opportunities Fund III (opens in a new tab)
Boris Wertz announces the two new funds and restates the pre-seed and seed focus on AI, robotics, deep tech, biology and emerging markets.
Venture Capital
Small Vancouver-rooted pre-seed and seed fund backing mission-driven founders in new categories across North America, India and beyond.
Version One is a small early-stage venture firm led by founding partner Boris Wertz, who is based in Vancouver, and General Partner Angela Tran in the San Francisco Bay Area. It invests globally at pre-seed and seed, usually leading or co-leading rounds, in AI, robotics and physical AI, deep tech, biology and crypto, and also in emerging markets such as India and Africa. In June 2026 it closed Fund V (US$78M) and Opportunities Fund III (US$30M). Its featured portfolio includes Ada and Jobber, and it has backed Canadian fintechs Neo Financial (through its opportunity fund) and Loon, a Canadian-dollar stablecoin issuer. It is a three-person core team with no published analyst programme.
0 open roles2 deals3 people10 sources
Pre-seed and seed investments worldwide, usually leading or co-leading, in founders building new categories; Fund V closed at US$78M in 2026.
Later-stage follow-on and occasional outside opportunities, e.g. Neo Financial's Series D; Opportunities Fund III closed at US$30M.
Public blog, quarterly portfolio reviews and free e-books (startup handbook, social platforms, marketplaces).
No official office or contact page with addresses. The People page says the founding partner is based in Vancouver and the General Partner in the San Francisco Bay Area; no addresses are published. This list may be incomplete.
| Vancouver | BC | headquarters |
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From the inside
Reasons that work in interviews
3 reasons for Version One Ventures
Venture interviews test sourcing and judgement rather than technicals. Bring a company they have not invested in and explain why you would back it, then name a portfolio company of theirs you find interesting and why. That does more than any structural reason.
Vancouver seed fund with a published investment thesis around marketplaces, software and crypto networks: read the firm's writing, because engaging with it is the entire interview.
Deliberately small fund size, which keeps the strategy honest.
Strong US network from a Canadian base.
Coming soon
We’re collecting the real technical and behavioural questions candidates were asked at Version One Ventures, by role and office, and how each round runs.
When they’re in, they’ll be part of BSO Pro, which already has candidate reports for dozens of firms.
Interviewing there sooner than that? Get in touch and we’ll help you prepare.
How juniors get in
Three-person firm with no analysts or associates today and no open roles; it last posted a Vancouver analyst job in 2013, so treat it as a networking contact, not an application target.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Programs
CFO
Finance
Joined as CFO in December 2021 after seven years as VP Finance and Tax at Pinnacle Fund Services, where she handled tax and quarterly reporting for PE/VC funds. Earlier she worked in public accounting in Vancouver. University of Calgary Bachelor of Accounting Science; CPA, CGA.
Founding Partner
Investment (Vancouver)
Vancouver-based founding partner who invests across North America in crypto/web3, AI, climate and energy, and India. Before investing he built an online used-book marketplace, sold it to AbeBooks.com and became AbeBooks' COO; after Amazon bought AbeBooks he became an angel investor and then founded Version One. He is a former board partner at Andreessen Horowitz and holds a PhD from WHU.
General Partner
Investment (San Francisco)
Toronto-born General Partner based in the San Francisco Bay Area who invests in the US and Canada. She focuses on deep tech (robotics, climate/energy, bio/health), AI/ML, dev tools and enterprise SaaS. She started at Version One as an analyst in 2013, after co-launching Insight Data Science. U of T PhD in Operations Research and Financial Engineering.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Feb 26, 2025
Josh NussbaumHire
Venture Partner
Halcyon Health → Version One Ventures
Version One announced former Compound investor Josh Nussbaum as a venture partner. He is not on the current People page, so whether he is still in the role is unconfirmed.
Oct 27, 2025
Loon
Lead investor · Fintech / Canadian-dollar stablecoin
Buyer Version One (lead), Garage Capital and Canadian angels
Version One led a $3M pre-seed round in Loon, a Canadian company building CADC, a regulated stablecoin fully backed by Canadian dollars.
Nov 11, 2024
Neo Financial
Investor (Opportunity Fund) · Consumer fintech / challenger bank
Buyer Version One Opportunity Fund among other investors
Version One invested in Canadian challenger bank Neo Financial's Series D through its Opportunity Fund, an exception to its usual early-stage focus.
Boris Wertz announces the two new funds and restates the pre-seed and seed focus on AI, robotics, deep tech, biology and emerging markets.
Backs a Canadian-dollar stablecoin issuer.
Former Compound investor and Halcyon Health co-founder joins in a venture partner role.
A later-stage investment in a Canadian challenger bank.
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Version One Ventures · Jun 2, 2026 · versionone.vc
Version One Ventures · Oct 27, 2025 · versionone.vc
Version One Ventures · Feb 26, 2025 · versionone.vc
Version One Ventures · Nov 11, 2024 · versionone.vc
RBCx · Jun 8, 2021 · rbcx.com
Version One Ventures · Date unavailable · versionone.vc
Version One Ventures · Date unavailable · versionone.vc
Version One Ventures · Date unavailable · versionone.vc
Version One Ventures · Date unavailable · versionone.vc
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Get your planCo-op / Off-cycle intern · Canada
Seed funds take interns on a rolling basis rather than a cycle, and the work is sourcing and diligence rather than modelling. A company you would back, argued well, does more than a resume here. BSO has not confirmed a timetable for Version One Ventures on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Typical background
GuidanceNo prior finance experience required; a student investment fund or one relevant internship helps.
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