The Globe and Mail reports in its Tuesday, June 2, edition that Version One Ventures has raised $78-million for its fifth main fund and $30-million for its third opportunities fund, focusing on promising entrepreneurs outside Canada (all figures U.S.). The Globe's Sean Silcoff writes that Version One last raised capital in 2021, securing $70-million for its fourth fund and $30-million for an opportunities fund. Investors include Northleaf Capital Partners and HarbourVest Partners from Canada, Vintage Investment Partners from Israel and a U.S. endowment fund. Version One was an early investor in digital marketplaces and the software-as-a-service space, booking big investment gains on Canadian companies Jobber, Clio and Ada. It moved relatively early into crypto in the mid-2010s and becoming one of the few Canadian financiers to score big on the April, 2021, initial public offering of Coinbase Global. Version One made a $2-million investment in the cryptocurrency exchange out of its $35-million 2014 fund. Its Coinbase investment expanded in value so much that by the time Version One distributed those shares in the company to its investors, they were worth 1.7 times the size of the entire fund.