Anchor investment in Version One Ventures continues program of investing in high-potential Canadian venture funds and companies
Toronto – October 23, 2014 – Northleaf Venture Catalyst Fund (NVCF) today announced that it has made a $10 million commitment to Vancouver-based Version One Ventures II, an early-stage fund investing in high-potential Internet, SaaS and mobile entrepreneurs throughout North America.
“We are pleased to be an anchor institutional investor in one of Canada’s most promising venture capital funds,” said Ian Carew, Director of Northleaf Capital Partners, the manager of NVCF. “The investment in Version One furthers NVCF’s strategy of investing in best-in-class Canada-based venture capital and growth equity funds. Version One’s Founder Boris Wertz is one of the most well-respected early-stage technology investors in North America and has served as a local champion in the Canadian market – which positions Version One for continued success both in Canada and globally”.
“We are thrilled to have NVCF as a lead investor in our second fund and look forward to a long and successful partnership,” said Boris Wertz, Founding Partner of Version One Ventures. “NVCF’s support will enable us to continue to invest in leading Seed and Series A opportunities in SaaS, online marketplaces/platforms, healthcare and more – and deliver strong returns for our investors.”
NVCF’s primary objective is to generate attractive, long term returns for its investors and, by so doing, clearly demonstrate the significant opportunities available through investment in Canadian venture capital and growth equity funds and companies.
About Northleaf Venture Catalyst Fund
Northleaf Venture Catalyst Fund is a joint initiative between major Canadian institutional investors and the Governments of Canada and Ontario to invest primarily in Canada-based venture capital and growth equity funds and direct co-investments that support innovative, high growth companies. NVCF is structured as a fund of funds with the primary objective of generating attractive returns for its investors. The Fund is managed by Northleaf Capital Partners. For more information on Northleaf, visit www.northleafcapital.com
About Version One Ventures
Version One Ventures is an early-stage fund investing in outstanding consumer internet, SaaS and mobile entrepreneurs throughout North America. The firm was founded by entrepreneur turned investor Boris Wertz. Version One Ventures is based in Vancouver, BC with an office in Palo Alto, CA. For more information, visit www.versiononeventures.com
For further information, please contact:
Jeff Pentland
Managing Director
Northleaf Capital Partners
+1-416-477-6165
jeff.pentland@northleafcapital.com