Canadian Superangel Boris Wertz Launches $15 Million Micro-VC Fund

Posted by Rob Lewis

This morning Vancouver superangel Boris Wertz announced on his blog the launch of Version One Ventures, a new $15 million micro-VC fund. Version One is the first early-stage fund focused on web and mobile to operate out of Vancouver and only the second in the Pacific Northwest (Seattle's Founders Co-op being the first).

Version One will back "outstanding web and mobile entrepreneurs across North America" with $250,000 to $500,000 investments in Seed and Series A rounds. To date Version One has already made five investments: Toronto's Top Hat Monocle, Seattle's Julep, Edmonton's Jobber, L.A.'s Instacanv.as and Vancouver's Sunnytrail.

"The fund builds on my successes with over 35 angel investments which include six exits—among them acquisitions by Google, Twitter, Salesforce, and Groupon," Wertz blogs, "My simple investment thesis: back passionate entrepreneurs who are trying to solve a big problem with a strong product vision."

Wertz "bootstrapped" his first angel investments after leaving his role of COO at Victoria's AbeBooks (which was acquired in mid-2008 by Amazon for a reported $90-plus million). In the past two years W Media Ventures has gotten significant traction with exits and follow-on rounds for his portfolio companies, making a micro-VC fund the obvious next step. And Wertz's goal with Version One Ventures is "to become one of the most respected early-stage funds in North-America by being a trusted and helpful partner for entrepreneurs."

Version One Ventures is an example of exactly what the Canadian tech community needs. It is one of the first times that capital has been formally "recycled" as successful entrepreneurs channel their money back into the startup ecosystem.

Version One investors include Canadians Jeff Mallett (ex-Yahoo), Ryan Holmes (HootSuite), Markus Frind (PlentyofFish), Hannes Blum (AbeBooks), Elton Pereira (ParetoLogic), Alan Juristovski and Milun Tesovic (MetroLyrics, now CBS), Dave Johnson and Andre Charland (Nitobi, now Adobe), and Patrick Lor (Fotolia, ex-iStockphoto).

Follow Version One Ventures on Twitter at @versiononevc.

Company:
W Media Ventures
Website:
http://www.wmediaventures.com
Location:
Vancouver, British Columbia, Canada

W Media Ventures is a Vancouver-based venture capital firm focusing on Consumer Internet opportunities in the Pacific Northwest and Western Canada. We are looking for entrepreneurs that want to build remarkable companies in the fields of digital media, e-commerce, social networks or platforms. Having founded and run Internet companies ourselves, we not only understand the space but also the challenges of starting... more

Company:
Version One Ventures
Website:
http://www.versiononeventures.com
Location:
Vancouver, British Columbia, Canada

Above everything else we invest in entrepreneurs, not businesses. We love passionate entrepreneurs with deep domain knowledge. Entrepreneurs with great product and design instincts. Entrepreneurs who want to change the world but know that in order to do so, they need help. And yes, we love to help, when and where ever we can. Besides the founder team we look for a few more things when evaluating an investment... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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