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AV

Ascension Ventures

Venture Capital

Ascension Ventures is an early-stage venture capital firm built by exited entrepreneurs, managing specialist funds including an EIS life sciences fund.

Portfolio

20

companies


Portfolio companies

Zen Educate

Zen Educate

Zen Educate provides an online platform connecting schools directly with teachers and teaching assistants.

O

Oxwash

Oxwash offers sustainable on-demand laundry and wet-cleaning services using advanced technology.

H

Hammock

Hammock offers automated bookkeeping and banking services for property landlords.

S

SteadyPay

SteadyPay provides financial stability products for gig workers and micro enterprises.

B

Beem

Beem develops augmented reality technology for immersive mobile communications and live streaming.

Feast It

Feast It

Feast It builds a digital marketplace connecting event organisers with suppliers.

B

Bonnet

Electric vehicle charging platform simplifying public network payments.

GA

Guardian Angel

Guardian Angel provides digital tools and planning services for end-of-life administration.

Pangaea Data

Pangaea Data

Pangaea Data develops unsupervised artificial intelligence software that extracts clinical insights from patient records.

Crowd Data Systems

Crowd Data Systems

Crowd Data Systems provides a software platform that connects treasury services for corporate teams.

H

Homeppl

Homeppl provides a tenant referencing platform to assess financial risk and prevent rental fraud.

incuto

incuto

Digital banking platform provider for credit unions and community banks.

Compare Ethics

Compare Ethics

Compare Ethics provides data-driven product verification to connect consumers with sustainable brands.

Minibems

Minibems

Minibems provides an internet of things platform and managed service to optimise heat networks.

Organise

Organise

Organise provides a digital platform empowering workers to campaign for better workplace rights.

S

Scribeless

Scribeless provides an automated handwriting solution for personalised marketing and customer engagement.

SupplyCompass

SupplyCompass

SupplyCompass provides a sustainable sourcing platform for fashion and interior brands.

Monolith AI

Monolith AI

Monolith AI builds artificial intelligence software that helps engineers optimise product development workflows.

CK

Credit Kudos

Challenger credit bureau using open banking to transform credit assessment.

ChilliConnect

ChilliConnect

ChilliConnect provides a live game management platform for developers and publishers.


Team

ES

Emma Steele

Investment Director

Emma is a partner at Ascension and holds investment roles across venture capital and impact funds, including Fair By Design and the Growth Impact Fund.

LinkedIn
Jean de Fougerolles

Jean de Fougerolles

Managing Partner

Jean is the managing partner and founder of Ascension. He also holds partner and board roles across several funds and organisations including Founders Pledge and Tembo.

LinkedIn
AB

Alicia Burke

Marketing Manager

Alicia brings marketing experience from roles at Ascension Ventures, Artis Partners, and the Algorand Foundation. She also holds community and mentoring roles at Searchable and GrowthMentor.

LinkedIn
Remy Minute

Remy Minute

Partner

LinkedIn

Recent investments

Series A
£19.3M

The oversubscribed round will fund international expansion, team growth, and acquisitions.

"This significantly oversubscribed extension to our Series A validates the progress we’ve been making in our mission to change the world of temporary work in schools. We are proud to say we have saved the UK education system millions of pounds each year, which is why we are excited about our growth and expansion into the US market."
— Slava Kremerman, Co-Founder and CEO
Series A
£4.6M

Fuel Ventures led the Series A round alongside Second Century Ventures and Ascension Ventures to support the company's growth in the property sector.

"This is a time of great opportunity for both landlords and their accountants. Government changes in the form of MTD for ITSA is a clear signal that the digital future is on its way."
— Manoj Varsani, Founder and CEO
Series A
£3.8M

Digital Horizon led the Series A round for the financial stability platform, with participation from Ascension Ventures and the UK government.

"This investment allows us to create financial stability for 100s of thousands more customers in the UK. We will offer more products to eliminate financial stress for our customers and partners."
— John Downie, Co-founder and CEO
Seed
£2.9M

The seed round was backed by investors including 5 Lion Ventures and Ascension Ventures to support team growth and product development.

"As AR adoption accelerates, and the metaverse jumps from science fiction to reality, we’re excited to offer today’s mobile users a glimpse of an inevitable future that combines our physical selves with the metaverse through Beem,"
— Janosch Amstutz, CEO
Seed
€5.0M

The financing round was led by Fuel Ventures with support from Best Nights VC and other institutional and private backers.

"The events industry has been through a defining moment over the last 18 months, and many people wrote off the return to physical events to bet on a digital future. At Feast It, we’re strong believers that the most important moments of your life are created when people come together in person and we can’t wait to be a major part of helping the country get back to what it does best, celebrating."
— Digby Vollrath, Co-Founder and CEO
Seed
£1.1M

The early seed round was led by Fair By Design with participation from GC Angels and Ascension Ventures.

"On top of the obvious grief and shock, I discovered that the end-of-life industry was expensive and difficult to navigate, especially in an intensely emotional time. The industry had been largely untouched by technological innovation and needed to rapidly modernise."
— Sam Grice, Founder
Seed
£2.0M

The financing round was led by IQ Capital with participation from Hambro Perks and Ascension Ventures.

"This latest round of investment is a great recognition of our customers' success through our breakthrough AI and a product focused approach. With our existing investors reaffirming their support of the company and new investors with vast experience in the life sciences industry coming on board, we are on course to achieve our core mission of improving patient outcomes through a highly profitable and sustainable business model. In the past 12 months, the company has grown 15 times through the successful deployment of PIE in the biopharmaceutical industry, partnerships with healthcare data providers and significant contributions to peer review publications, which demonstrates that we are leading in this sector. This funding will accelerate this success by providing the resources to strengthen the team, explore new use cases, and expand into new markets."
— Vibhor Gupta, CEO
Pre-Seed
£380K

RLC Ventures led the pre-seed round with backing from Ascension Ventures and Force Over Mass Capital to fund product development and market expansion.

"We are delighted to have such award-winning investors supporting us and sharing in our vision. We look forward to showing treasurers how revolutionary modern technology can reduce technical complexity and improve the analytical capabilities of their teams."
— Kelly Scammell, CEO
Seed
£1.5M

The funding round was led by Ascension Ventures and will support team growth across research and development, operations, and sales.

"The rental market has used old credit check methods to assess whether a tenant can afford to pay. We need to stop imposing an unfair “tenant tax” on consumers and stop giving landlords false confidence – it’s time the market used a solution that’s fair for both sides and prioritises giving an accurate assessment. The pandemic is compounding this problem and has reinforced the need for a robust due diligence tool."
— Alexander Siedes, co-founder
Seed
£1.8M

The funding round was led by Mercia with participation from the Future Fund, Ascension Ventures, and Northstar Ventures.

"We’ve been extremely busy supporting our credit union partners during Covid-19. The lockdown not only escalated the need for credit unions to offer their members digital access, but also to communicate with them more regularly and effectively, something our technology also enables them to do. Credit unions have been at the forefront of supporting financially excluded and often vulnerable individuals and families over recent months, so we are delighted to offer them technology which not only better supports existing members in a digital world, but also enables them to promote their message of ethical, supportive banking to a wider audience."
— Andrew Rabbitt, CEO
Seed
£1.0M

Fuel Ventures and Ascension Ventures backed the seed round to support product development.

"The UK is a country of renters with more than £85 billion collected each year. For landlords the time spent trying to manage the monies for more than one property – from rent collection to bookkeeping – can cause headaches. I know this first hand being a landlord myself. We wanted to alleviate this by developing new tech that automates the mundane duties of managing property portfolios and provides instant insight into how well each house or flat is performing. Having this new investment allows us to pursue our vision of reducing uncertainty and providing efficiency to landlords, ultimately helping them maximise profits. These savings in both time and money can then be passed onto the tenants: a win-win for the industry."
— Manoj Varsani, Founder and CEO
Seed
£570K

Ada Ventures led the seed round with participation from Form Ventures, RLC Ventures, and Ascension Ventures.

"Collective action protects rights and changes lives; our platform makes that possible for every single worker. Through Organise, members can access the support, technology, networks, and confidence they need to find a voice and make it heard."
— Nat Whalley, Founder
Series A
£2.9M

The financing round was led by Hambro Perks and Fair By Design.

"We’re delighted to have Hambro Perks and Ascension Ventures leading SteadyPay’s latest funding round. This raise will further strengthen our commitment to service the UK’s gig-economy with a powerful and ethical solution to income volatility. We’re thrilled with the results and customer feedback to date, and we look forward to driving scale in 2020."
— John Downie, Co-founder and CEO
Seed
£400K

The seed round was led by RLC Ventures with participation from Ascension Ventures and SuperSeed.

"Scribeless has built a customer engagement tool that brings a form of communication that we all understand so intuitively, handwriting, and made it accessible and affordable for any company to use. We’re incredibly excited to partner with them as they continue to grow and support companies across Europe and the US."
— Reece Chowdhry
Seed
£1.5M

Episode 1 led the seed round to support technology development and expand the manufacturer marketplace.

"Current sourcing methods aren't fit for brands of the future; they're offline, inefficient and fragmented. Technology is needed for global supply chains to progress and become faster, more efficient and more sustainable. At SupplyCompass we see the key to success lying in rethinking existing sourcing methods, with better collaboration, innovation and technology at the core. Our vision is to help fashion and interior brands make products that don't have to cost the earth, and this funding from investors Episode 1 will help us to do just that."
— Gus Bartholomew, CEO & Co-Founder
Seed
£1.9M

Pentech Ventures led the round with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst.

"Our goal is to accelerate product development, from race cars to spaceships and everything in between. We believe that traditional engineering will soon change dramatically. Our dream is to work alongside engineers to enable them to bring exponential growth to product development. We are building the world’s first AI Platform for Engineers – we like to describe it as the J.A.R.V.I.S. in Iron Man."
— Richard Ahlfeld, CEO and founder
Seed
£343K

The seed round was led by TechStart Ventures and supported by Ascension Ventures alongside angel investors.

"We are delighted to close this Seed round. Not only will this investment allow us to accelerate the development of the ChilliConnect platform, developing innovative live operations and game backend features, but we can now market the platform to an even larger range of potential customers. Having access to the knowledge and networks of both TechStart Ventures and Ascension Ventures is a massive benefit. We’re looking forward to working with these top drawer early-stage funds."
— Paul Farley, CEO and Co-founder