Version One Ventures Secures Additional $19M From BDC & Former Yahoo President

February 26, 2013 in Deal Flow

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Version One Ventures, which was launched by Boris Wertz back in July 2012 after raising $15 million has announced an additional $19 million has been secured this week. The funding includes investment from BDC Venture Capital, Former Yahoo President Jeff Mallett and a number of North American entrepreneurs and high-net worth individuals.

Version One Ventures typical investments will be in the $250,000 to $500,000 range for seed and Series A financings of consumer Internet, e-commerce, SaaS and mobile companies in Canada and the US. Version One plans to invest in at least 25 new startups over the next 4 to 5 years and aims to become one of the top ten IT seed funds in North America.

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Dave Forde

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Dave “The Connector” Forde is a 20-year veteran of the Canadian marketing, PR, and tech industries. He is the founder of The Connected One network, including industry news sites Canadian Ad Insider and PR In Canada, and serves as a strategic business advisor. Connect with him on LinkedIn and X.

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