About Version One Ventures
Version One Ventures is a venture capital firm founded in 2007. It is primarily based out of San Francisco, United States. As of Sep 2026, Version One Ventures is an active investor, having invested in 120 companies, with 7 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Rio Health Overall, Version One Ventures portfolio has seen 6 unicorns, 1 IPO and 39 acquisitions including key companies like Coinbase, Clio and Uniswap. A lot of funds co-invest with Version One Ventures, with names like Boris Wertz sharing a substantial percentage of its portfolio. Version One Ventures has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Deals in last 12 months
Version One Ventures' List of Top Investments
Version One Ventures has a portfolio of 120 companies, including 6 unicorns. Their most notable investments are in Rio Health and Booster.Their portfolio spans across United States, Canada, India and 8 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Version One Ventures:
1. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,025 as on Sep 30, 2026
- Investors: Intel, 2020 Ventures and 149 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
2. Clio
Platform offering legal practice management software. It offers features to run a law practice from intake to invoicing, with features to manage cases, clients, documents, dropbox integration, bills, appointment scheduling, time tracking, reporting, and accounting through integration with Xero and Quickbooks. It provides document and case management solutions.
Key facts about Clio
3. Uniswap
Provider of a decentralized exchange platform for cryptocurrency. It offers state-of-the-art open-source apps to access the uni swap protocol. It empowers developers, liquidity providers, and traders to participate in a financial marketplace. It offers a protocol for creating liquidity and trading ERC-20 tokens on Ethereum.
Key facts about Uniswap
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $176M
- Employee Count: 217 as on Sep 30, 2026
- Investors: 2020 Ventures, Hanover Capital and 52 Others
- Latest Funding Round: Series B, Oct 13, 2022, $*****
- Highlight: Editors' Pick
4. Top Hat
Provider of interactive learning software for higher education course management. This platform facilitates student engagement through digital tools including polling, quizzes, and interactive textbooks. It integrates with learning management systems to track attendance, monitor student performance, and deliver course content. The software includes artificial intelligence features to assist with assessment creation and study support. Educators use these tools to manage classroom activities and identify learning gaps through data analytics.
Key facts about Top Hat
- Founded Year: 2009
- Location: Toronto (Canada)
- Stage: Series E
- Total Funding till date: $200M
- Employee Count: 462 as on Sep 30, 2026
- Investors: Western Technology Investment, Teralys Capital and 20 Others
- Latest Funding Round: Series E, Feb 04, 2021, $*****
- Highlight: Editors' Pick
5. Dapper Labs
Blockchain-based games developer for PC and console. It has built Cryptokitties, a blockchain-based game that allows users to collect and breed digital cats. It has also developed KittyVerse, which allows users to build and play third-party games.
Key facts about Dapper Labs
- Founded Year: 2018
- Location: Vancouver (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $666M
- Employee Count: 151 as on Sep 30, 2026
- Investors: Rising Tide Fund, Graph Ventures and 128 Others
- Latest Funding Round: Series D, May 23, 2022, $*****
- Highlight: Editors' Pick
Version One Ventures' Year-on-Year Investment Trends
Version One Ventures has invested in 120 companies over the last 17 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Sep 2026, it has made 6 investments in this year. Its most recent first time investment was in Rio Health and most recent follow-on round was in Pluto Mobility.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 1 | 6 |
2025 | 7 | 1 | 8 |
2024 | 2 | 1 | 3 |
2023 | 3 | 1 | 4 |
2022 | 5 | 4 | 9 |
2021 | 9 | 11 | 20 |
2020 | 8 | 2 | 10 |
2019 | 4 | 2 | 6 |
2018 | 2 | 3 | 5 |
2017 | 4 | 4 | 8 |
Version One Ventures' Investments by Stage
Version One Ventures has made 63 investments in Seed stage with an average round size of $3.05M, 10 investments in Series A stage with an average round size of $9.12M and 6 investments in Series B stage with an average round size of $13.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 63 |
Series A | 10 |
Series B | 6 |
Series C | 2 |
Unattributed | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Version One Ventures' Investments by Sector
Version One Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Sustainability Tech and FinTech. Notably, it has invested in 108 Tech companies, 69 Enterprise (B2B) companies, 61 Consumer (B2C) companies and at least 56 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 36 |
Consumer | 21 |
High Tech | 19 |
Sustainability Tech | 11 |
FinTech | 10 |
Others | 111 |
Note: We have considered here, only first round of investments
Version One Ventures' Investments by Geography
Version One Ventures has made most investments in United States (45), followed by Canada where it has made 23 investments.Country | No. of Investments |
|---|---|
United States | 45 |
Canada | 23 |
India | 7 |
Cayman Islands | 2 |
United Kingdom | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Version One Ventures' recent investments
Version One Ventures has made 6 investments in 2026 so far. Rio Health and Pilot Protocol are the latest among them.Here are the most recent investments by Version One Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 23, 2026 | India | Seed | 6348 | [+2] | |
Jul 27, 2026 | United States | Seed | 1522 | [+3] | |
Jul 07, 2026 | United States | Seed | 5672 | [+6] | |
Apr 23, 2026 | Nigeria | Seed | 7531 | ||
Apr 07, 2026 | Canada | Seed | 7649 | [+3] |
Unicorns in Version One Ventures' Portfolio
Version One Ventures has 6 unicorns in its portfolio - Uniswap, Shippo, Ada and others. The most recent unicorn in their portfolio is Uniswap. It became a unicorn in 2022, 2 years after Version One Ventures first invested in it.Here is a list of unicorns in Version One Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
79 | Provider of a decentralized exchange platform for cryptocurrency | 2018 | New York City | Series B | t{expdd | ||
72 | Provider of web-based shipping solution for e-commerce businesses | 2013 | San Francisco | Series E | tsehke{ | ||
66 | AI platform for text based customer support | 2016 | Toronto | Series C | vafttdj | ||
81 | Platform offering legal practice management software | 2008 | Vancouver | Series G | bgbcxkx | ||
74 | Blockchain-based games developer for PC and console | 2018 | Vancouver | Series D | cfqtdxe |
IPOs and Publicly Listed companies in Version One Ventures' Portfolio
1 of Version One Ventures' portfolio company became public - Coinbase. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2021 at marketcap of $28.7BHere are Version One Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2021 | - | - | 1709 |
Acquired companies in Version One Ventures' Portfolio
39 companies from Version One Ventures' portfolio have been acquired. The most recent acquisition was Indiegogo in Jul 2025 by Gamefound for $*****.Here are Version One Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 24, 2025 | - | - | 4080 | |
Jul 11, 2025 | Jun 22, 2020 | Seed | 4608 | |
Jul 02, 2025 | Nov 14, 2018 | Seed | 9560 | |
Dec 06, 2022 | May 12, 2020 | Unattributed | 4371 | |
Aug 15, 2022 | - | - | 2648 |
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Team profile of Version One Ventures
Version One Ventures has a team of 3 members including 2 Partners located in United States and Canada. Version One Ventures' team does not sit on the board of any company as of now.Co-investors of Version One Ventures
Over the past 17 years, 785 investors have co-invested in Version One Ventures's portfolio companies. This includes funds and angels.
- Invested before Version One Ventures: 500 Global, Y Combinator and 82 others have invested in rounds before Version One Ventures. There are 5 companies where 500 Global has invested before Version One Ventures and 3 companies where Y Combinator has invested before Version One Ventures.
- Top Co-investors of Version One Ventures: 333 investors entered a company along with Version One Ventures. These include investors like Boris Wertz (23 companies).
- Invested after Version One Ventures: A total of 368 investors have invested in Version One Ventures's portfolio after their investments. Top Investors include Union Square Ventures (3 companies), Tiger Global Management (3 companies) and Spark Capital (3 companies).
Recent News related to Version One Ventures
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Rio.ai Secures Rs 43 Cr in Pre-Series A Funding Led by Version One VenturesEntrackr•Sep 23, 2026•Xeed Ventures, Rio AI, Good Capital, Version One Ventures and 2 others
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Mowito Secures $3 Million in Pre-Seed Funding to Expand US OperationsIndian Startup News•Jul 07, 2026•iSeed Ventures, Mowito, Version One Ventures, All In Capital
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Version One Ventures Closes $108M for Early-Stage FundsStartup Researcher•Jun 17, 2026•Version One Ventures
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Version One Ventures raises fresh capital for early bets on AI, robotics and deep techGeekWire•Jun 02, 2026•Version One Ventures
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Swoop Raises $7.3 Million to Build an African ‘Super App’Dnyuz•Apr 23, 2026•Variant Fund, Com.ng, Dune Ventures, Long Journey Ventures and 5 others
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GridBank Closes Oversubscribed $6M Seed RoundCNW•Apr 07, 2026•GridBank, GreenSky, AQC Capital, StandUp Ventures and 2 others
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Pluto Mobility Raises USD 2 Million in Seed Funding Led by Version One VenturesEnablers•Feb 19, 2026•Pluto Mobility, Version One Ventures, gradCapital, Pixxel
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Arctus Aerospace Secures $2.6 Million from Version One Ventures, OthersStartupNews•Nov 26, 2025•Arcaero, OpenAI, Version One Ventures, Coinbase and 3 others
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Loon Raises $3 Million to Build Canada’s First Regulated StablecoinFintech.ca•Oct 27, 2025•Garage Capital, Version One Ventures, Loon
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Smallest.ai Secures $8M Seed Funding Led by Sierra Ventures for Voice AI DevelopmentSiliconAngle•Oct 09, 2025•Better Society Capital, Smallest.ai, Sierra Ventures, 3one4 Capital and 11 others
