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AL

Ascension Life Fund

Venture Capital

Portfolio

3

companies

By category

  • AI/ML£6.8M
  • MedTech£3.8M

By location

  • Cambridge£6.8M
  • Exeter£2.1M
  • Glasgow£1.7M

Portfolio companies

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Nebu~Flow

Nebu~Flow develops advanced nebuliser technology for respiratory medicine.

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Neuronostics

Neuronostics develops digital biomarkers and software to improve the diagnosis of neurological conditions.

Qureight

Qureight

Artificial intelligence imaging platform for lung and heart clinical trials.


Team

Chris Wheatcroft

Chris Wheatcroft

Investment Director

Chris serves as Managing Partner at Compute Capital and Investment Director at Ascension Life Fund. He also holds board seats across several companies, including Fraudfinder and Panakeia.

LinkedIn

Recent investments

Series A
$8.5M

Hargreave Hale AIM VCT led the financing round to help accelerate the company platform and expand into new disease areas.

"The close of our Series A round marks the 'end of the beginning' and the start of a new chapter for Qureight, as we turn our focus to developing our platform and creating products in new disease areas. Our mission to extend the lives of lung and heart disease patients will be bolstered by the invaluable expertise of our new board and new senior team members, and we are looking forward to adding to our strategic biopharma collaborations."
— Muhunthan Thillai, Co-founder and CEO
Seed
£2.1M

The financing round will help the medical technology company advance its epilepsy diagnosis software towards US and Middle Eastern markets.

"We are delighted to have invested in Neuronostics, whose software as a medical device could revolutionise how neurological conditions are diagnosed and treated."
— Chris Wheatcroft, Investment Director
£1.7M

Foresight Williams Technology led the oversubscribed round alongside several regional and specialist investors.

"We are excited to announce our support for such a forward thinking and innovative business. Nebu~Flow’s development of delivery mechanisms tailored to specific drugs represents an opportunity to expand the market and improve patient outcomes. Foresight Williams Technology’s expertise will offer significant value as the Company develops its products, and we look forward to working with the team at Nebu~Flow during the next stage of their growth."
— Bill Yost, Investment Manager