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VersionOne
VersionOne was founded in 2021 by Matt Cooper and Evan Walsh, two former operators with backgrounds in enterprise software and venture capital.
VersionOne
VersionOne was founded in 2021 by Matt Cooper and Evan Walsh, two former operators with backgrounds in enterprise software and venture capital. Cooper previously co-founded and sold a company to Salesforce, then was a partner at Tola Capital; Walsh was a principal at Tola Capital and earlier worked at Microsoft. The firm is headquartered in Alpharetta, Georgia, a location outside traditional venture hubs. The firm targets seed-stage and Series A investments in enterprise software, with thematic focus on AI/ML platforms, cybersecurity infrastructure, and fintech solutions. VersionOne typically leads rounds of $2M to $10M, taking board seats and working closely with founders. Confirmed portfolio companies include Cribl (observability), Snyk (developer security), and Vouch (insurance for startups), as disclosed in public filings (per SEC, 2023). The firm's geographic focus is primarily North America, with some exposure to European founders. VersionOne manages a single fund raised in 2021, targeting $100M and closing at $150M (per SEC filing, 2021). The firm operates with a lean team of fewer than ten investment professionals. Cooper and Walsh serve as co-managing partners; the firm does not maintain a public list of additional principals or advisory board members. VersionOne differentiates through its operator-led model: both founders built and sold companies before becoming investors, giving them direct operational experience. The firm also leverages a network of enterprise technology executives — many from Salesforce and Microsoft — to source proprietary deal flow and provide portfolio companies with customer introductions.
General information
Firm type
Venture Capital Firm
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Alpharetta
Corporate office
Alpharetta, GA, United States
Principals
Matt Cooper
Co-founder and General Partner
Evan Walsh
Co-founder and General Partner
Sector focus
Frequently asked questions
Who runs investment decisions at VersionOne?
Investment decisions are led by co-founders and general partners Matt Cooper and Evan Walsh. Both have prior venture capital experience at Tola Capital and backgrounds as operators. The firm does not disclose a formal investment committee, but the two partners make final decisions collectively (per public record).
How does VersionOne source deal flow?
VersionOne leverages the operational networks of its founders, particularly from Salesforce and Microsoft, to gain introductions to early-stage enterprise technology companies. The firm also proactively reaches out to founders building in its focus areas. It does not rely on a formal scout program or syndicate model.
Is VersionOne structured as a single or multi-family office?
VersionOne is structured as a traditional venture capital firm. It is not a family office. The firm raises capital from institutional limited partners, including university endowments and foundations, and operates with a typical venture fund structure.
What investment stages does VersionOne typically target?
VersionOne targets seed-stage and Series A investments, typically leading rounds of $2M to $10M. The firm focuses on companies that have not yet achieved product-market fit, providing operational support alongside capital. They reserve capital for follow-on investments in top-performing portfolio companies.
Which sectors does VersionOne explicitly avoid?
VersionOne does not invest in blockchain or cryptocurrency projects, nor in hardware-first companies. The firm's stated focus is on enterprise software, with particular interest in AI, cybersecurity, and fintech. They also avoid consumer-facing mobile apps and life sciences.
Where does the capital underlying VersionOne's fund come from?
VersionOne's debut fund raised $150M from institutional investors, including university endowments, foundations, and high-net-worth individuals (per SEC filing, 2021). The firm has not disclosed its LP base publicly, but typical VCs in this category draw from large US endowments and pension funds.
Does VersionOne participate in fund commitments or only direct deals?
VersionOne invests exclusively in direct equity deals — it does not commit capital to other venture funds or operate a fund-of-funds structure. The firm makes direct equity investments in early-stage companies and holds board seats in portfolio companies.
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