Version One Ventures closes $120M in two new funds

The firm has expanded its thesis and geographical focus over the past year to back mission-driven founders around the world.

This morning, Version One Ventures’ founding partner Boris Wertz announced that his firm closed two new funds worth a combined $120 million: Fund IV ($84 million) and Opportunities Fund II ($36 million).

Version One celebrated its nine-year anniversary this month and has evolved in notable ways over the years. When its first fund was raised in 2012, it w…