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The Venture Codex

Version One Ventures

1250 Homer Street Suite 407, Vancouver, BC, V6B 1C6, Canada

Overview

Version One Ventures backs mission-driven founders at the earliest stages. Full thesis here: https://versionone.vc/updated-thesis/

Total investments
80
Lead investments
21
Investments · 12mo
7
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Pilot Protocol

    Led · Seed · Jul 2026

    Pilot Protocol provides a connective layer that gives AI agents addresses and enables discovery, trust, and direct interaction among agents. The network claims roughly 250,000 agents on it, generating about two billion requests per day, and reported early growth of as much as 10% daily (adding up to 16,000 agents in 24 hours). According to company data, most agents stop reaching for Google within an hour of joining and around 70% now report Pilot is where they start a task. Pilot has launched an App Store for agents where, in two weeks, agents autonomously installed partner applications more than 30,000 times; one partner, smolmachines, reported 3,000 agent installs without marketing. The company is rolling out agent-to-agent payments so agents can earn and spend credit within the network. Pilot describes its customers as agents rather than people and positions itself as the underlying layer for an emerging agent-driven economy.

  • Mowito

    Led · Seed · Jul 2026

    Mowito builds Physical AI foundation models and software that let industrial robot arms learn manufacturing tasks from demonstrations rather than traditional rigid programming. Its technology is already deployed in production, powering robots on manufacturing lines at a Fortune 500 automotive company and supporting high-precision assembly in automotive and consumer electronics. The startup was co-founded in 2024 by Puru Rastogi, Adityanag Nagesh, and Safar V and is based in Bengaluru. Mowito aims to scale deployments and expand into the United States as part of its growth plans. The company has raised a $540K angel round previously and most recently a $3 million pre-seed round to fund its expansion and team scaling. Mowito competes with established industrial automation and machine vision players such as Cognex, Keyence, Omron, and Fanuc.

  • Swoop

    Participated · Seed · Apr 2026

    Swoop began as a food delivery app that first launched in Eswatini and has since relocated operations to Lagos. The company rebuilt its codebase using AI tools and recently released an updated version of its app. It employs a 28-person team and is actively onboarding restaurants and hiring staff to scale operations. Founder Aubrey Niederhoffer, a 19-year-old Thiel Fellow, has signaled ambitions to expand beyond delivery into payments and other marketplace services. Swoop has so far operated primarily in fair-weather conditions and is still testing how its service performs under different conditions. The company views its roadmap as evolving toward a multi-service super app model inspired by prominent Asian super apps.

  • GridBank

    Led · Seed · Apr 2026

    GridBank builds infrastructure to turn everyday video on personal devices into a monetizable, provenance-verified data asset for enterprises. The company aims to unlock billions of previously fragmented videos by enabling licensing, verification of provenance, and real-time matching to specific enterprise demand. Founder Laura Lalonde grew the company to scale as a bootstrapped solo founder prior to the Seed raise. GridBank targets customers in AI, robotics, simulation, and other areas that require dense, diverse real-world observations for world models. The startup recently raised an oversubscribed $6 million Seed round to accelerate its efforts and expand supply-side incentives for contributors. Public reporting did not disclose revenue, user counts, or valuation.

  • Pluto Mobility

    Led · Seed · Feb 2026

    Pluto Mobility is a Delhi-based electric vehicle startup focused on last-mile delivery use cases. Its core product is a scooter-sized, enclosed electric delivery vehicle engineered to handle harsh weather while carrying up to twice the order volume of a standard two-wheeler. The company is developing the vehicle from the ground up, emphasizing high throughput, durability, and cost efficiency without adding fleet complexity for operators. Proceeds from its recent seed financing will be directed toward engineering, product development, and team expansion. Pluto Mobility plans to start pilot deployments with e-commerce and quick-commerce operators in 2026. Although still pre-revenue and pre-deployment, the firm aims to address the growing need for purpose-built EVs in urban logistics markets.

Team

  • Bob. Wertz

    Founder and General Partner

    LinkedIn
  • Elton Pereira

    Limited Partner and Angel Investor

    LinkedIn
  • Angela Tran

    General Partner

    LinkedIn