Many team members at Unicorn Nest are Ukrainians affected by Russian aggression. We do our best to solve any issues and answer your questions in the shortest possible time frames but some delays are possible.

First Ascent Ventures

Founders Richard Black Tony van Marken

Overview

Investments

Unlock datapoints

Portfolio analytics

Team

News & Media

Add fund to favorites
info
Save this fund for later to form your own custom list of funds
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.

Need help with fundraising?

We offer an assisted fundraising option for startups

Learn more
Total investments 26
Average round size
info
The average size of a deal this fund participated in
$26M
Portfolio companies 19
Rounds per year 2.89
Lead investments 3
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.27
Exits 5
Key employees 2
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

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

Read more

Related Funds

Funds investing in previous rounds
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:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Look at other 50 related and similar funds Collapse list
Fund NameLocation
BizTech China, Guangdong, Shenzhen
BPO Capital Germany, Hamburg
BridgeStart Ventures -
Fleet Entertainment Group Beijing, Beijing, China
GR ASSET China, Shanghai
Haystack California, San Francisco, United States
Informatica California, Redwood City, United States
La Roquette Comunidad Valenciana, Spain, Valencian Community
Lancome Ventures -
Lurra Capital -
Mount Parker Ventures China, Hong Kong, Hong Kong Island
MRM Capital Cincinnati, Ohio, United States
Naples Technology Ventures Florida, Naples, United States
Natixis Investissement Partners France, Ile-de-France, Paris
Oudeli Guquan Touzi China, Shanghai
Raymond James Bank Florida, St. Petersburg, United States
Samuel & Margarita Kingsland Family Trust -
Taylor Brothers -
Viking Maccabee Ventures -

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

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

ThinkData Works Inc.

Analytics
Big Data
Business Intelligence
Collaboration
Data Integration
Enterprise Software
$6M25 Jun 2020 Old Toronto, Ontario, 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.

Review

  • No reviews are submitted yet.
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Coinvestors
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent First Ascent Ventures?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!
Total investments 26
Average round size 26M
Rounds per year 2.89
Peak activity year 2016
Lead investments 3
Follow on index 0.27
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

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

ThinkData Works Inc.

Analytics
Big Data
Business Intelligence
Collaboration
Data Integration
Enterprise Software
$6M25 Jun 2020 Old Toronto, Ontario, Canada
Crunchbase icon

Content report

The following text will be sent to our editors: