Ascension

The London-based VC firm, Ascension, reaches first €19.8 million close of new Tech4Good pre-seed fund. A second close of the overall €58.27 million is expected to follow in 2025.

They enable the UK's top tech innovators to transform visionary ideas into impactful businesses. They back startups aiming to solve real societal challenges and are committed to building a tech ecosystem in which innovation drives both economic growth and social good. 

Ascension runs a number of funds investing at varying stages from Pre-Seed to Series A+:

• Ascension Blended SEIS Fund: Pre-Seed
• Ascension EIS Fund: Seed to Seed+
• Fair By Design Impact EIS: Seed to Series A+
• Ascension Knowledge Intensive EIS: Seed to Seed+
• Carry Back EIS Fund: Seed to Series A+
• Fair By Design Fund: Pre-Seed to Seed+
• Good Food Fund: Pre-Seed to Seed
• Ascension Fund III: Pre-Seed to Seed+

Ascension’s Fund III will be investing in the UK, Europe, and North America.

The typical investment amount varies depending on the specific fund, but it generally ranges between £75k and £700k. 

Portfolio: Again, Acurable, AMA, Fifth dimension AI.