{"id":46366,"date":"2013-02-21T12:02:00","date_gmt":"2013-02-21T08:02:00","guid":{"rendered":"http:\/\/localhost\/?p=46366"},"modified":"2013-02-21T12:02:44","modified_gmt":"2013-02-21T08:02:44","slug":"bdc-adds-4-million-to-version-one-ventures","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/bdc-adds-4-million-to-version-one-ventures","title":{"rendered":"BDC Adds Money to Boris Wertz&#8217;s Version One Ventures Fund, Vows to Support Canadian Angels"},"content":{"rendered":"<p><img decoding=\"async\" style=\"margin: 5px 22px; float: right;\" src=\"https:\/\/twimg0-a.akamaihd.net\/profile_images\/2328282748\/8tejh7yecyo7z2vc03he.png\" alt=\"\" width=\"250\" height=\"250\" \/>Boris Wertz successfully <a href=\"http:\/\/www.techvibes.com\/blog\/canadian-superangel-boris-wertz-launches-15-million-micro-vc-fund-2012-07-24\" target=\"_blank\">raised $15 million for Version One Ventures<\/a> last summer.<\/p>\n<p>With the original target set at $10 million, V1V was already oversubscribed. Now the Vancouver superangel has received an additional investment from the Business Development Bank of Canada. It&#8217;s the first time that the BDC has backed an angel in this fashion. As a result, V1V&#8217;s fund now exceeds $19 million.<\/p>\n<p><!-- pagebreak --><\/p>\n<p>Wertz (who is an investor in Techvibes) typically invests between $250,000 and $500,000 in Canadian tech startups in and around spaces like ecommerce and software-as-a-service. So far, V1V has made 11 investments worth $2.5 million. Up to two dozen more startups will receive investments from the fund, Wertz estimates.<\/p>\n<p>It&#8217;s a landmark deal for the Canadian bank. But Wertz may just be the beginning: the BDC says it wants to continue to support our nation&#8217;s angels.<\/p>\n<p>&ldquo;Investors who are knowledgeable and involved in their companies are as vital to a healthy startup ecosystem as the entrepreneurs themselves,&rdquo; notes Senia Rapisarda, Vice President of Strategic Investments and Initiatives at BDC Venture Capital. &ldquo;We are now making it our business to help successful superangels such as Boris Wertz, who possess a unique combination of operational and venture investment experience, to bring their investment activities to the next level.&#8221;<\/p>\n<p>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 (<a href=\"http:\/\/www.techvibes.com\/blog\/vancouvers-metrolyrics-acquired-by-cbs-interactive-music-group-2011-10-06\">MetroLyrics, now CBS<\/a>), Dave Johnson and Andre Charland (<a href=\"http:\/\/www.techvibes.com\/blog\/vancouvers-nitobi-acquired-by-adobe-2011-10-03\/\">Nitobi, now Adobe<\/a>), and Patrick Lor (Fotolia, ex-iStockphoto).<\/p>\n<p><em>Edited for accuracy.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boris Wertz successfully raised $15 million for Version One Ventures last summer. With the original target set at $10 million, V1V was already oversubscribed. Now the Vancouver superangel has received an additional investment from the Business Development Bank of Canada. It&#8217;s the first time that the BDC has backed an angel in this fashion. As [&hellip;]<\/p>\n","protected":false},"author":55555,"featured_media":46368,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-46366","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/46366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/55555"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/46366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/46368"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=46366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=46366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=46366"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=46366"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=46366"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=46366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}