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First Ascent Ventures

Founders Richard Black Tony van Marken

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 27
Average round size
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The average size of a deal this fund participated in
$26M
Portfolio companies 19
Rounds per year 3.00
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Exits 5
Key employees 2
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • SaaS
  • Enterprise Software
  • Artificial Intelligence
  • Big Data
Summary

In 2015 was created First Ascent Ventures, which is appeared as VC. The main office of represented VC is situated in the Toronto. The venture was found in North America in Canada.

Considering the real fund results, this VC is 24 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2019. The important activity for fund was in 2018. The fund is constantly included in less than 2 deals per year. The usual things for fund are deals in the range of 10 - 50 millions dollars.

Besides them, we counted 2 critical employees of this fund in our database.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the First Ascent Ventures, startups are often financed by Summerhill Venture Partners, Plaza Ventures, Mistral Venture Partners. The meaningful sponsors for the fund in investment in the same round are Information Venture Partners, Volition Capital, Royal Bank of Canada. In the next rounds fund is usually obtained by Information Venture Partners, Espresso Capital, Warburg Pincus.

The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. We can highlight the next thriving fund investment areas, such as Business Intelligence, SaaS. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the most popular portfolio startups of the fund, we may highlight Assent Compliance, Sensibill, ScribbleLive.

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These funds often invest in the rounds preceeding the rounds of First Ascent Ventures:
Typical Co-investors
First Ascent Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after First Ascent Ventures:

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
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Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Thentia

Robotics
Software
$38M25 Jan 2024 Old Toronto, Ontario, Canada

Osano

B2B
Privacy
SaaS
$25M10 Aug 2023 Austin, Texas, United States

Darwin CX

Artificial Intelligence
SaaS
Software
$38M08 Dec 2022 Toronto, Ontario, Canada

Andgo Systems

Computer
Human Resources
Software
$4M19 Sep 2022 Saskatoon, Saskatchewan, Canada

POTLOC

Consumer Research
Market Research
Software
$27M21 Jun 2022 Montreal, Quebec, Canada

LinkSquares

Artificial Intelligence
Consulting
Contact Management
Information Technology
Internet
Legal
Legal Tech
Machine Learning
SaaS
Software
$100M04 Apr 2022 Boston, Massachusetts, United States

Sama

Artificial Intelligence
Enterprise Software
Software
$70M04 Nov 2021 San Francisco, California, United States

LinkSquares

Artificial Intelligence
Consulting
Contact Management
Information Technology
Internet
Legal
Legal Tech
Machine Learning
SaaS
Software
$40M14 Jul 2021 Boston, Massachusetts, United States

Dialogue

Health Care
Wellness
$34M29 Jul 2020 Montreal, Quebec, Canada
News
LinkSquares Announces $40 Million in Series B Funding Led by Sorenson Capital

– LinkSquares, provider of the fastest and most comprehensive AI-powered contract lifecycle management and analysis tool, announced it has raised $40m in Series B financing led by Sorenson Capital.
– New investors Catalyst Investors, Xerox, Bottomline Technologies, DraftKings’ founders and key legal and compliance executives, as well as existing investors Hyperplane Venture Capital, MassMutual Ventures, First Ascent Ventures participated in the round.
Sorenson Capital Partner Brady Broadbent and Bottomline Technologies General Counsel Danielle Sheer are new appointments to the LinkSquares Board of Directors.
– The company has raised $61.4m to date, and will use the financing to expand its team, advance the LinkSquares technology and develop new strategic business partnerships.

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Total investments 27
Average round size 26M
Rounds per year 3.00
Peak activity year 2016
Lead investments 4
Follow on index 0.30
Exits 5
Group Appearance index 0.96

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Thentia

Robotics
Software
$38M25 Jan 2024 Old Toronto, Ontario, Canada

Osano

B2B
Privacy
SaaS
$25M10 Aug 2023 Austin, Texas, United States

Darwin CX

Artificial Intelligence
SaaS
Software
$38M08 Dec 2022 Toronto, Ontario, Canada

Andgo Systems

Computer
Human Resources
Software
$4M19 Sep 2022 Saskatoon, Saskatchewan, Canada

POTLOC

Consumer Research
Market Research
Software
$27M21 Jun 2022 Montreal, Quebec, Canada

LinkSquares

Artificial Intelligence
Consulting
Contact Management
Information Technology
Internet
Legal
Legal Tech
Machine Learning
SaaS
Software
$100M04 Apr 2022 Boston, Massachusetts, United States

Sama

Artificial Intelligence
Enterprise Software
Software
$70M04 Nov 2021 San Francisco, California, United States

LinkSquares

Artificial Intelligence
Consulting
Contact Management
Information Technology
Internet
Legal
Legal Tech
Machine Learning
SaaS
Software
$40M14 Jul 2021 Boston, Massachusetts, United States

Dialogue

Health Care
Wellness
$34M29 Jul 2020 Montreal, Quebec, Canada
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