Version One Ventures Vancouver, CA
Version One Ventures is a Vancouver-based, early-stage venture capital firm founded by Boris Wertz in 2012. The firm backs mission-driven founders who are early in new areas, with a focus on AI, robotics, deep tech, decentralized systems, SaaS, and marketplaces.
Founded —
Type Venture capital 4 Version One Fund V 2026-06-02 2026-06-02 $78M Closed USD 78 million flagship pre-seed/seed fund; public announcement differs from possible 2025 legal vintage.
Version One Opportunities Fund III 2026-06-02 2026-06-02 $30M Closed USD 30 million follow-on vehicle to existing portfolio, distinct from USD 78 million Fund V and firm AUM.
Version One Fund IV 2021-06-08 2021-06-08 $70M $70m, dollar currency not expanded in cited reporting Raised, announced 2021-06-08; pre-seed/seed [GeekWire, 2021-06-08](https://www.geekwire.com/2021/version-one-raises-100m-two-new-funds-will-continue-focusing-seattle-key-geography/)
Version One Opportunities Fund II 2021-06-08 2021-06-08 $30M $30m, dollar currency not expanded in cited reporting Raised, announced 2021-06-08; existing-company follow-ons Same 2021 report.
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$1M $400K – $1M Brooklyn, New York $625K $500K – $750K San Francisco, California $500K $100K – $1M Vancouver, BC — — – —
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$3M 2026-07-07 Mowito Version One Ventures $— 2026-04-07 GridBank Version One Ventures $2M 2025-12-01 Arctus Aerospace Version One Ventures $2M 2025-10-27 Loon Version One Ventures , Boris Wertz $— 2025-06-29 Niahealth Version One Ventures $15M 2025-01-16 Moment Energy Version One Ventures , Angela Tran $100M 2023-02-07 Jobber Version One Ventures , Boris Wertz $26M 2022-11-15 Pickle Robot Catapult Ventures , BoxGroup , Version One Ventures $55M 2022-09-13 Patch Version One Ventures , Jeff Jordan $5M 2022-09-12 BIKKY Version One Ventures , Angela Tran $— 2021-09-22 Dapper Labs Version One Ventures $— 2021-04-20 Filebase Version One Ventures $— 2021-04-20 Cape boldstart ventures , Radical Ventures , Version One Ventures $— 2021-04-14 Pickle BoxGroup , Version One Ventures $— 2021-01-12 Jobber Version One Ventures $— 2021 Filebase Version One Ventures $— 2020-10-20 JAM BoxGroup , Version One Ventures $— 2020-09-01 Dapper Labs Version One Ventures $25M 2020-07-16 Drover Cherry Ventures , Partech , RTP Global , Version One Ventures $— 2020-04-07 Shippo Uncork Capital , Version One Ventures $— 2020-03-19 Ada Support Accel , Bessemer Venture Partners , Version One Ventures $10M 2020 EnPowered Inovia Capital , Version One Ventures $— 2020 Drover Cherry Ventures , RTP Global , Version One Ventures $— 2019-20 Cape AI boldstart ventures , Radical Ventures , Version One Ventures $120K 2018-07-27 Scanwell Founders Fund , Liquid 2 Ventures , Y Combinator , Version One Ventures , Mayfield Fund , DCM Ventures $7M 2018-03-15 Drover Cherry Ventures , Partech , Version One Ventures $— 2017-09-21 Manifold Version One Ventures $— 2017-07-20 Ada Support Bessemer Venture Partners , Accel , Version One Ventures $4M 2017-01-05 Stacks Compound , Union Square Ventures , Lux Capital , Version One Ventures , Digital Currency Group $4M 2017 Blockstack Compound , Foundation Capital , Union Square Ventures , OpenOcean , Lux Capital , Version One Ventures $2M 2016-07-20 Trim ENIAC Ventures , Version One Ventures $8M 2015-11-16 Jobber Point Nine Capital , OMERS Ventures , Version One Ventures , General Catalyst $20M 2015-10-15 Kinnek, Inc. Sierra Ventures , Version One Ventures , Mark Fernandes $1M 2015-05-27 Shift Messenger Y Combinator , Venrock , Golden Ventures , Version One Ventures , Kapor Capital , QueensBridge Venture Partners $1M 2015-04-24 Headout Version One Ventures , Nexus Venture Partners $10M 2014-09-15 Kinnek, Inc. Sierra Ventures , Version One Ventures , Mark Fernandes $10M 2014-05-06 TopHat Inovia Capital , Uncork Capital , Version One Ventures , Sundeep Peechu $— Unknown date Pickle Robot Company Version One Ventures $— Unknown date NCX Version One Ventures $— Unknown date Twenty20 Version One Ventures $— Unknown date Figure 1 Version One Ventures $— Unknown date Opyn Version One Ventures $— Unknown date Patch Version One Ventures $120K Unknown date Scanwell Founders Fund , Liquid 2 Ventures , Y Combinator , Version One Ventures , Mayfield Fund , DCM Ventures $— 2025-07-23 TRIC Robotics Version One Ventures $2M 2024-09-10 Optimotive Version One Ventures , Angela Tran $9M 2024-05-16 Bedrock Materials Version One Ventures $— 2022-05-25 Booster Fuels Version One Ventures $— 2013-02-13 GroupTalent Version One Ventures $8M 2012-07-18 Top Hat Monocle Inovia Capital , Uncork Capital , Version One Ventures $— Unknown date Sunnytrail Version One Ventures
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team@apexlogos.ai · 3 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size and investment stage
| Fund | Amount and currency | Status/date | Evidence |
| --- | --- | --- | --- |
| Version One Fund V | **US$78m** | Closed, announced **2026-06-02** | [Firm announcement](https://versionone.vc/announcing-fund-v-opp-iii/ ), corroborated by [GeekWire](https://www.geekwire.com/2026/version-one-ventures-raises-fresh-capital-for-early-bets-on-ai-robotics-and-deep-tech/ ) |
| Opportunities Fund III | **US$30m** | Closed, announced **2026-06-02**; follow-ons to existing portfolio | Same official announcement; follow-on purpose described by GeekWire above. |
| Fund IV | **$70m**, dollar currency not expanded in cited reporting | Raised, announced **2021-06-08**; pre-seed/seed | [GeekWire, 2021-06-08](https://www.geekwire.com/2021/version-one-raises-100m-two-new-funds-will-continue-focusing-seattle-key-geography/ ) |
| Opportunities Fund II | **$30m**, dollar currency not expanded in cited reporting | Raised, announced **2021-06-08**; existing-company follow-ons | Same 2021 report. |
US$108m is the sum of two 2026 vehicles, not one flagship fund or total AUM. Current AUM, remaining deployable capital, legal closing dates and a verified current firm-wide check range were not found. Searches for newer fund announcements and the official October 1, 2026 portfolio recap produced no newer fund. Use **latest-known announced**, not a guarantee that no subsequent private fundraising exists. The December 18, 2025 annual review says two funds were raised that year but postpones details; June 2026 is the public size/close announcement date, not necessarily the underlying legal vintage. Its **US$16m invested across nine new companies in 2025** is an annual deployment total, not fund size. [2025 review](https://versionone.vc/2025-review/ ).
Current strategy explicitly favors global pre-seed/seed lead/co-lead investing in AI infrastructure/applications, robotics/physical AI, deep tech and biology. Follow-ons can occur later: Moment Energy Series A is transaction evidence, not a revised entry mandate. The firm's deep-tech essay says it favors early commercial advocates but lacks domain expertise to be the right investor at the stage of proving basic science. [Fund strategy, 2026-06-02](https://versionone.vc/announcing-fund-v-opp-iii/ ); [deep-tech essay, 2024-06-18](https://versionone.vc/deeptech/ ).
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Version One Fund IV | USD 70000000 | 2021-06-08 |
| Version One Opportunities Fund II | USD 30000000 | 2021-06-08 |
| Version One Fund V | USD 78000000 | 2026-06-02 |
| Version One Opportunities Fund III | USD 30000000 | 2026-06-02 | SHOW MORE
team@apexlogos.ai · 4 hours ago
Match research 2026-10-06 / VersionOneVentures / sha256:4a249c21fe726c386f8a2724e44a76624521919d84552c2bd3bd797964dbe5da / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
| **Pickle Robot** | Robotic truck unloading using autonomy and physical manipulation. | Firm dates investment to **2019** in [2024-06-18 essay](https://versionone.vc/deeptech/ ). [Company announcement, 2022-11-15](https://www.globenewswire.com/news-release/2022/11/15/2556179/0/en/Pickle-Robots-Are-Unloading-Trucks-in-Southern-California-to-Expedite-Supply-Chain-Processing-and-Ease-Labor-Challenges.html ) explicitly names Version One among returning participants in the $26m Series A. Its exact check remains undisclosed. |
Additional historical firm-attributed examples in the [June 18, 2024 deep-tech essay](https://versionone.vc/deeptech/ ) are **Dabble / Perceptiv Labs (2014)**, drone autopilot; **Gencove (2017)**, low-pass genomics; **Qvin (2017)**, menstrual-blood diagnostics; **Scanwell (2018)**, smartphone medical testing; **EnergyBank (2021)**, offshore-wind storage; and **Shellworks (2022)**, biodegradable materials. These are stated investment years, not exact funding announcement dates; stage, check and round size were not established here. The essay also mentions an unnamed 2023 proteomics investment, excluded from named examples. Ordinary marketplace/SaaS holdings such as Jobber, Shippo, GridBank and Figure 1 are not automatically classified as deep tech.
## Neurotech findings and boundaries
**No verified neurotech investment found in the sources checked** with a publicly identified company name and neural interface, neuromodulation or neural sensing technology.
However, the official **December 18, 2025 annual review** explicitly describes a 2025 investment in an **unnamed neurosurgical robot able to operate inside an MRI**, marked “to be announced.” This is a credible firm-attributed neuro-related medical robotics lead. Name, round, amount, technical mechanism and clinical status remain undisclosed; there is insufficient evidence to characterize it as BCI, neuromodulation or a neural recording device. Do not invent a company name or conflate similar MRI robotics startups with this investment. [Official review](https://versionone.vc/2025-review/ ).
Checks included Signal partner profiles, official portfolio/deep-tech/robotics and annual review posts, a current [Q3 2026 recap, 2026-10-01](https://versionone.vc/q3-2026/ ), and searches for Version One with neurotech, neuroscience, brain-computer, MRI and neurosurgical terms. The publicly named examples remain robotics, genomics and diagnostics; these are not sufficient to infer direct neural technology. Figure 1 is an image-sharing clinical network, Scanwell general diagnostics, and NiaHealth preventive healthcare; none should become a neurotech investment solely from a broad Health IT/BioTech tag.
## Conflicts, missing information and later Adex review
1. Record Fund V and Opportunities III separately with US currency, close-announcement date and vehicle roles. Signal's $70m “current” fund appears to track historical Fund IV; do not override 2026 evidence with it.
2. Mowito's snapshot amount US$3m appears to be round total; official source says Version One led. Bedrock's official source also names Version One as co-lead. Review isLead and round-versus-participation amount fields without treating this document as permission to change them.
3. Snapshot has Pickle / Pickle Robot / Pickle Robot Company, Scanwell duplicates, Cape / Cape AI and other aliases. Resolve duplicate company and round records before adding corroboration; avoid counting repeated names as distinct investments.
4. Arctus's snapshot null announcedAt can be reviewed against December 1, 2025 firm announcement. TRIC and Optimotive are additional named firm investments missing from the saved investment list.
5. Named neurotech remains unverified; preserve the unnamed neurosurgical robot disclosure as an unresolved lead. A future public announcement could change the finding. No attributed individual/prior-firm partner transaction was substituted for a Version One investment.
6. The rendered portfolio page omits many company names in its extracted text, so the negative neurotech search is not a complete machine-readable portfolio audit. Some pages intermittently returned Internal Error; successful pages or explicit indexed official text are identified above. Closed versus target is clear for 2026 funds, but legal fund vintages/AUM/remaining capital and most historical individual checks are missing.
All links were accessed 2026-10-06. Dated publication sources are identified inline. Undated Signal and homepage claims are observational profile evidence only. This file is self-contained research; Adex/database/manifest were not edited. SHOW MORE
team@apexlogos.ai · 4 hours ago
Match research 2026-10-06 / VersionOneVentures / sha256:4a249c21fe726c386f8a2724e44a76624521919d84552c2bd3bd797964dbe5da / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Version One Ventures
- Exact Adex ID: `VersionOneVentures`
- Canonical Adex URL: https://adex.page/firms/VersionOneVentures
- Official website: https://versionone.vc/
- Research date / all web access dates: **2026-10-06**
- Status: **complete research for later Adex review; no database changes**.
Version One is a Vancouver-based venture firm founded in 2012, backing founders globally at pre-seed and seed, typically leading or co-leading. Its verified record includes robotics, battery materials, energy storage and biological diagnostics. Its latest-known publicly announced funds are US$78m Fund V and US$30m Opportunities Fund III, announced closed June 2, 2026. No named direct neurotech investment was verified, but an official disclosure describes an unnamed MRI-compatible neurosurgical robot investment. This makes an absolute claim of no neuro exposure inappropriate. [Official fund announcement, 2026-06-02](https://versionone.vc/announcing-fund-v-opp-iii/ ); [GeekWire, 2026-06-02](https://www.geekwire.com/2026/version-one-ventures-raises-fresh-capital-for-early-bets-on-ai-robotics-and-deep-tech/ ); [official annual review, 2025-12-18](https://versionone.vc/2025-review/ ).
## Starting evidence: Adex and NFX Signal
Read `_sources/VersionOneVentures.adex.json`, a read-only MCP Search snapshot retrieved 2026-10-06 at 19:29:51 UTC. The exact record describes early-stage AI, robotics, deep tech, decentralized systems, SaaS and marketplaces; its sector list contains BioTech. It identifies Boris Wertz and Angela Tran as general partners, Josh Nussbaum as venture partner and Leah Gosbee as CFO. Those latter roles were not independently revalidated here. Investor checkMin/checkMax/sweetSpot are null. Investment entries include Mowito, Moment Energy, Bedrock Materials, Pickle Robot, Arctus Aerospace, Scanwell and NCX, alongside ordinary software/marketplace investments. Sources were originally researched September 14, 2026. Treat the snapshot as leads, not confirmation.
The saved NFX firm link, https://signal.nfx.com/firms/version-one-ventures , returned Internal Error when directly opened. Related partner pages were directly readable:
| Signal page | Claims observed | Limits |
| --- | --- | --- |
| [Angela Tran](https://signal.nfx.com/investors/angela-tran-kingyens ) | General partner; BioTech and Health IT pre-seed/seed rankings; US-dollar-style $500k–$750k range, $625k sweet spot; “current fund size” $70m; investments listed include Moment Energy and Optimotive. | Undated profile; $70m is stale relative to official 2026 Fund V. Partner-level check estimates and transaction listings require firm attribution verification. |
| [Boris Wertz](https://signal.nfx.com/investors/boris-wertz ) | Founder/general partner in Vancouver; $100k–$1.3m range, $500k sweet spot, $70m “current fund size”; seed/pre-seed rankings; interests include genomics and AI/ML. | Investments gated by Google sign-in; apparent noisy duplicated experience records. No login attempted. These figures are not confirmed current firm check policy. |
Signal category membership does not establish BCI expertise, and neither profile supplies a verified neurotech transaction. Both pages undated, accessed 2026-10-06.
## Fund size and investment stage
| Fund | Amount and currency | Status/date | Evidence |
| --- | --- | --- | --- |
| Version One Fund V | **US$78m** | Closed, announced **2026-06-02** | [Firm announcement](https://versionone.vc/announcing-fund-v-opp-iii/ ), corroborated by [GeekWire](https://www.geekwire.com/2026/version-one-ventures-raises-fresh-capital-for-early-bets-on-ai-robotics-and-deep-tech/ ) |
| Opportunities Fund III | **US$30m** | Closed, announced **2026-06-02**; follow-ons to existing portfolio | Same official announcement; follow-on purpose described by GeekWire above. |
| Fund IV | **$70m**, dollar currency not expanded in cited reporting | Raised, announced **2021-06-08**; pre-seed/seed | [GeekWire, 2021-06-08](https://www.geekwire.com/2021/version-one-raises-100m-two-new-funds-will-continue-focusing-seattle-key-geography/ ) |
| Opportunities Fund II | **$30m**, dollar currency not expanded in cited reporting | Raised, announced **2021-06-08**; existing-company follow-ons | Same 2021 report. |
US$108m is the sum of two 2026 vehicles, not one flagship fund or total AUM. Current AUM, remaining deployable capital, legal closing dates and a verified current firm-wide check range were not found. Searches for newer fund announcements and the official October 1, 2026 portfolio recap produced no newer fund. Use **latest-known announced**, not a guarantee that no subsequent private fundraising exists. The December 18, 2025 annual review says two funds were raised that year but postpones details; June 2026 is the public size/close announcement date, not necessarily the underlying legal vintage. Its **US$16m invested across nine new companies in 2025** is an annual deployment total, not fund size. [2025 review](https://versionone.vc/2025-review/ ).
Current strategy explicitly favors global pre-seed/seed lead/co-lead investing in AI infrastructure/applications, robotics/physical AI, deep tech and biology. Follow-ons can occur later: Moment Energy Series A is transaction evidence, not a revised entry mandate. The firm's deep-tech essay says it favors early commercial advocates but lacks domain expertise to be the right investor at the stage of proving basic science. [Fund strategy, 2026-06-02](https://versionone.vc/announcing-fund-v-opp-iii/ ); [deep-tech essay, 2024-06-18](https://versionone.vc/deeptech/ ).
## Named previous deep-tech investments
Amounts below are **whole company rounds**, never assumed Version One check sizes. Firm-issued posts confirm firm attribution; syndicated company announcements provide additional primary evidence. Product performance claims remain issuer claims rather than independent technical validation.
| Company | Technology rationale | Firm attribution, date/stage and evidence |
| --- | --- | --- |
| **Mowito** | Physical AI models that learn manipulation tasks from demonstrations on industrial robotic arms. | Version One **led $3m pre-seed**, announced **2026-07-07**. [Official investment post](https://versionone.vc/announcing-our-investment-in-mowito-physical-ai-for-robot-arms-in-manufacturing/ ). Snapshot isLead=false conflicts with this explicit lead statement. |
| **Arctus Aerospace** | Integrated airframes, propulsion, avionics and autonomy for high-altitude, long-endurance sensing aircraft. | Version One **led $2.6m pre-seed**, announced **2025-12-01**, with South Park Commons, gradCapital and angels. [Official post](https://versionone.vc/announcing-arctus/ ). January 5, 2026 recap confirms the round; announcement date should not be confused with recap date. |
| **TRIC Robotics** | Agricultural robotics for pest/disease control; physical automation rather than farm SaaS. | Version One says it **led $5m seed**, **2025-07-23**. [Official announcement](https://versionone.vc/announcing-tric/ ), read via search index after direct opening failed. Secondary search snippets sometimes use $5.5m; retain primary $5m and investigate rounding/extension before importing. |
| **Optimotive** | Autonomous outdoor robots integrating hardware and AI for hazardous terrain/site tasks. | Version One **led $2m seed**, **2024-09-10**, alongside Garage and NewLab. [Official post](https://versionone.vc/announcing-optimotive/ ). Currency not expanded in post. |
| **Bedrock Materials** | Sodium-ion battery input/cathode materials R&D and manufacturing. | Version One **co-led US-dollar-style $9m seed** with Trucks VC and Refactor; closed announced **2024-05-16**. [Company-issued PR Newswire release](https://www.prnewswire.com/news-releases/bedrock-materials-secures-9-million-seed-funding-establishes-rd-headquarters-in-chicago-302147240.html ). Currency is written as $ in US release. |
| **Moment Energy** | Repurposes EV batteries into stationary energy storage using battery management technology. | Version One **participated in US$15m Series A**, **2025-01-16**, led by Amazon Climate Pledge Fund and Voyager. [Company release](https://www.prnewswire.com/news-releases/moment-energy-secures-us15-million-series-a-funding-to-build-worlds-first-second-life-gigafactory-in-the-us-302352972.html ). Firm's 2024 essay dates its first investment to 2020. | SHOW MORE
team@apexlogos.ai · 22 days ago
MATCH 
Moment Energy$15M · 2025-01-16
BIKKY$5M · 2022-09-12
BoxGroup
Pickle Robot$26M · 2022-11-15
Pickle$— · 2021-04-14
JAM$— · 2020-10-20
Inovia Capital
EnPowered$10M · 2020
TopHat$10M · 2014-05-06
Uncork Capital
Shippo$— · 2020-04-07
Y Combinator
Scanwell$120K · 2018-07-27
Shift Messenger$1M · 2015-05-27
Accel
Ada Support$— · 2020-03-19
Bessemer Venture Partners
Compound
Stacks$4M · 2017-01-05
Blockstack$4M · 2017
Lux Capital
Mark Fernandes
Kinnek, Inc.$20M · 2015-10-15
Sierra Ventures
Catapult Ventures
Digital Currency Group
ENIAC Ventures
Trim$2M · 2016-07-20
General Catalyst
Jobber$8M · 2015-11-16
Jeff Jordan
Patch$55M · 2022-09-13
Nexus Venture Partners
Headout$1M · 2015-04-24
Point Nine Capital
Sundeep Peechu
