First Ascent Ventures Founded 2015
Founders Richard Black Tony van Marken
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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.
Total investments 15
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 11
Rounds per year 1.83
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.27
Exits 3
Stages of investment
Early Stage Venture
Late Stage Venture
Areas of investment
Analytics
Enterprise
Financial Services
Marketing
Software
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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Notable deals
CompanyIndustryRoundRound SizeDateInvestorsLocation
Dialogue
Health Care
Wellness
Early Stage Venture
34M29 Jul 2020 Canada, Montréal
Sensibill
Banking
Big Data
Financial Services
FinTech
Retail
Early Stage Venture
31M04 Jul 2019 Canada, Old Toronto
Dialogue
Health Care
Wellness
Early Stage Venture
40M17 Jun 2019 Canada, Montréal
Q4
Business Intelligence
CRM
SaaS
Stock Exchanges
Late Stage Venture
38M12 Sep 2018 Canada, Toronto
Upchain
Enterprise Software
Product Design
Product Management
Software
Early Stage Venture
7M23 Feb 2018 Canada, Old Toronto
Rubikloud
Artificial Intelligence
Big Data
Cloud Data Services
Internet
Machine Learning
Retail
Retail Technology
Software
Early Stage Venture
37M03 Jan 2018 Canada, Old Toronto
Sportlogiq
Analytics
Fantasy Sports
Software
Sports
Early Stage Venture
5M29 Aug 2017 Canada, Montreal
Assent Compliance
Customer Service
Environmental Consulting
Information Technology
SaaS
Software
Supply Chain Management
Early Stage Venture
31M14 Jul 2017 Canada, Ottawa
Astronomer
Analytics
Big Data
Cloud Computing
Data Integration
Enterprise Software
Seed
1M12 Jul 2017 United States, Cincinnati
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 Tec... Read more
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