Somehow, we’re already halfway through 2026 — and it’s been a busy quarter. Q2 brought a steady stream of exciting updates from across the portfolio, including major milestones, new launches, fundraising wins, and a few viral moments. We’re happy to share a handful of highlights from the quarter, knowing this is just a snapshot of some of the updates we can share publicly, with plenty more happening behind the scenes.
Portfolio Highlights
Moment Energy celebrated the ribbon cutting for Megafactory 1, bringing together more than 350 guests to mark a major milestone in their work building energy storage systems with second-life batteries. It was an exciting day for the team and a major step forward for the future of clean energy storage.
TRIC Robotics had a viral moment with their autonomous robots that use UV light to kill pathogens and pests — helping growers reduce chemical use in agriculture. It’s always fun to see the internet discover something we’ve been excited about for a long time. Here’s the viral post, and a reminder on why we invested in TRIC.
Loon’s CEO, Kevin Zhang, continued to bring stablecoin regulation in front of the House of Commons, including discussion around the Canadian Dollar Coin (CADC) that he and the team are developing. And in another update, CADC is now available on Solana.
Coinbase launched Coinbase for Agents, making it possible to give an AI agent its own account to execute trades, manage portfolios, and take action onchain. It’s another interesting step in the fast-moving intersection of crypto and AI.
Ether.fi now lets users send fiat in six different currencies across more than 120 countries, with many more currencies coming soon.
Pluto shared a sneak peek of the delivery-specific bike they’ve engineered from the ground up for last-mile logistics — a first for India! We’re excited to see the team continue building purpose-built vehicles for the future of delivery.
Neo Financial closed its inaugural $150M credit card securitization with BMO Capital Markets and SAF Group. This capital goes directly toward funding credit for Canadians who want access to better financial products. You can read more about it here.
Fundraising and Accolades
Moment Energy raised $40M in Series B funding, bringing total funding to more than $100M as the team scales second-life battery energy storage.
Swoop raised $7.3M with participation from us alongside our friends at Long Journey, Variant, Soma Capital, and Dune. We’re especially excited that Swoop marks Version One’s first investment in Africa, as the team builds a super-app for the continent — a single platform for payments, food delivery, and everyday commerce. Read more about why we invested here.
GridBank raised $6M in seed funding, co-led by Version One. The team is building the global transaction network for real-world data, and we shared more on why we’re excited here.
Jobber was named one of the Best Workplaces in Technology by Great Place To Work® Canada — a well-deserved recognition for a team that continues to build with care and ambition.
Shippo was named to Inc. Magazine’s 2026 Best Workplaces list. Congratulations to the Shippo team on the recognition!
And in Case You Missed It — A Few Updates From Us
We announced two new funds: Version One Fund V, a $78M core fund, and Opportunities Fund III, a $30M opportunities fund. While each new fund marks a new chapter for our firm, the core of Version One remains unchanged: we continue to believe the biggest venture outcomes come from backing exceptional founders early.
Our friend Evan McCann also wrote a long-form profile of Version One, “The underdog for underdogs,” sharing more of the story behind our firm and how we think about backing founders.
As always, you can stay up to date with news as it happens by following us on [X] and LinkedIn.
Happy Canada Day and Happy 4th of July to those who celebrate. Have a wonderful summer!
