About Ascension
Ascension is a venture capital firm founded in 2013. It is primarily based out of London, United Kingdom. As of Oct 2026, Ascension is an active investor, having invested in 280 companies, with 9 new investments in the last 12 months. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Consumer. Most recently it participated in the $***** Seed round of Neelabiotech Overall, Ascension portfolio has seen 2 unicorns, 3 IPOs and 28 acquisitions including key companies like Mews, Stream and Phreesia. A lot of funds co-invest with Ascension, with names like Seedcamp sharing a substantial percentage of its portfolio. Ascension has team of 28 people including 16 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Ascension's List of Top Investments
Ascension has a portfolio of 280 companies, including 2 unicorns. Their most notable investments are in RefleXion and hundo.com.Their portfolio spans across United Kingdom, United States, Spain and 7 more locations. They have invested in Enterprise Applications, HealthTech, Consumer and 32 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Ascension:
1. Mews
Cloud-native hospitality management system offering an integrated suite of hospitality businesses. It is a hospitality management system that offers an integrated platform for property management, payment automation, and operations. The platform aims to boost revenue and provide remarkable guest experiences for hotels and other hospitality businesses.
Key facts about Mews
- Founded Year: 2012
- Location: Amsterdam (Netherlands)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $710M
- Employee Count: 1,398 as on Sep 30, 2026
- Investors: Goldman Sachs, HarbourVest Partners and 22 Others
- Latest Funding Round: Series D, Jan 22, 2026, $*****
- Highlight: Editors' Pick
2. Stream
Workplace financial wellbeing platform that provides employees with tools to access earned wages. It offers a suite of tools that help users earn, access, save, spend, and plan their money in one unified mobile application. It includes features such as on-demand access to earned wages, budgeting and spending insights, savings products, financial coaching, and access to loans and pension consolidation tools. It also provides discounts and rewards to help reduce the cost of living and improve day-to-day financial resilience.
Key facts about Stream
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $228M
- Employee Count: 338 as on Aug 31, 2026
- Investors: Northzone, Citi and 54 Others
- Latest Funding Round: Series D, Jan 20, 2026, $*****
- Highlight: Acquired
3. Zen Educate
Provider of platform connecting educators with schools for temporary staffing. The platform enables schools to directly book educators based on their specific needs and preferences. It offers a streamlined process for finding and securing temporary teaching staff. The platform also provides educators with access to various job opportunities.
Key facts about Zen Educate
- Founded Year: 2017
- Location: London (United Kingdom)
- Annual Revenue: £50M - £100M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $76.3M
- Employee Count: 2,407 as on Sep 30, 2026
- Investors: Round2 Capital Partners, Ascension Ventures and 64 Others
- Latest Funding Round: Series B, May 21, 2024, $*****
- Highlight: Editors' Pick
4. 360Learning
Provider of software for employee training and collaborative learning management. This platform facilitates the creation and distribution of educational content for onboarding, compliance, and professional development. It includes tools for video coaching, skill tracking, and administrative oversight of training programs. The system integrates with existing technical infrastructure to centralize internal and external learning activities. Users access training materials through a unified interface designed to support organizational knowledge sharing and staff development.
Key facts about 360Learning
- Founded Year: 2010
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $243M
- Employee Count: 51 - 200 as on Mar 01, 2026
- Investors: Sumeru Equity Partners, SLW and 12 Others
- Latest Funding Round: Grant (prize money), Jul 24, 2025, $*****
- Highlight: Editors' Pick
5. Phreesia
Provider of a patient check-in and registration platform for healthcare organizations. The platform replaces the outdated patient clipboard with a free wireless touch screen and swipe card enabled PhreesiaPad. The patient self-service solution includes electronic payment applications, clinical and administrative data collection, and consent form management, online appointment & referral management, revenue cycle management, registration, clinical screening tools, patient engagement.
Key facts about Phreesia
- Founded Year: 2005
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $109M
- Employee Count: 1,440 as on Aug 31, 2026
- Investors: MFS Investment Management, Ardan Equity Partners and 17 Others
- Latest Funding Round: Post IPO, Nov 13, 2019, $*****
- Highlight: Public
Ascension's Year-on-Year Investment Trends
Ascension has invested in 280 companies over the last 13 years, with an average of 11 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Oct 2026, it has made 12 investments in this year. Its most recent first time investment was in Neelabiotech and most recent follow-on round was in Sprive.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 5 | 12 |
2025 | 8 | 0 | 8 |
2024 | 11 | 5 | 16 |
2023 | 7 | 4 | 11 |
2022 | 18 | 2 | 20 |
2021 | 24 | 1 | 25 |
2020 | 10 | 2 | 12 |
2019 | 11 | 2 | 13 |
2018 | 6 | 1 | 7 |
2017 | 7 | 1 | 8 |
Ascension's Investments by Stage
Ascension has made 99 investments in Seed stage with an average round size of $1.77M, 15 investments in Series A stage with an average round size of $7.73M and 3 investments in Series E stage with an average round size of $50.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 99 |
Series A | 15 |
Series E | 3 |
Series B | 2 |
Series C | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Ascension's Investments by Sector
Ascension has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, HealthTech and High Tech. Notably, it has invested in 243 Tech companies, 181 Enterprise (B2B) companies, 151 Software companies and at least 101 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 63 |
Consumer | 28 |
FinTech | 21 |
HealthTech | 19 |
High Tech | 19 |
Others | 128 |
Note: We have considered here, only first round of investments
Ascension's Investments by Geography
Ascension has made most investments in United Kingdom (106), followed by United States where it has made 13 investments.Country | No. of Investments |
|---|---|
United Kingdom | 106 |
United States | 13 |
Australia | 1 |
Finland | 1 |
Israel | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Ascension's recent investments
Ascension has made 12 investments in 2026 so far. Neelabiotech and Sprive are the latest among them.Here are the most recent investments by Ascension:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 08, 2026 | - | Seed | 6895 | [+1] | |
Sep 22, 2026 | United Kingdom | Series A | 3482 | [+4] | |
Jul 29, 2026 | United Kingdom | Series B | 2755 | [+4] | |
Jun 30, 2026 | United Kingdom | Series A | 1271 | [+5] | |
Jun 30, 2026 | United Kingdom | Seed | 7972 | [+1] |
Unicorns in Ascension's Portfolio
Ascension has 2 unicorns in its portfolio - Mews and Olive. The most recent unicorn in their portfolio is Mews. It became a unicorn in 2024, 2 years before Ascension first invested in it.Here is a list of unicorns in Ascension's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Cloud-native hospitality management system offering an integrated suite of hospitality businesses | 2012 | Amsterdam | Series D | {cpcezz | ||
58 | Provider of AI-based platform for administrative solutions | 2012 | Columbus | Series H | tveuguj |
IPOs and Publicly Listed companies in Ascension's Portfolio
3 of Ascension's portfolio companies have become public. EBR Systems got listed on the Australian Securities Exchange (ASX), in Nov 2021 at marketcap of $18.1M and Phreesia got listed on the New York Stock Exchange (NYSE) at marketcap of $639M.Here are Ascension's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 24, 2021 | Oct 04, 2019 | Series F | 7274 | |
Jul 19, 2019 | Jan 04, 2018 | Series F | 9076 | |
- | - | - | 9635 |
Acquired companies in Ascension's Portfolio
28 companies from Ascension's portfolio have been acquired. The most recent acquisition was Oxwash in Nov 2025 by Elis for $*****.Here are Ascension's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 27, 2025 | Aug 29, 2022 | Series A | 1684 | |
Jan 13, 2025 | Nov 14, 2017 | Series D | 9781 | |
Nov 19, 2024 | Jun 2021 | Seed | 4657 | |
Nov 12, 2024 | Jan 11, 2018 | Seed | 5954 | |
Oct 17, 2024 | - | - | 9917 |
Team profile of Ascension
Ascension has a team of 28 members including 16 Partners, 2 Venture Partners and 3 Principals located in United Kingdom, United States and 2 more locations. Ascension's team sits on the board of 2 companies.Here is a list of top team members in Ascension:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | London | - | - | |
Partner | London | - | ||
Partner | London | - | - | |
Partner | London | - | ||
Partner | New York | - | ||
Partner | Romsey | - | - | |
Partner | London | - | - | |
Partner | London | - | - | |
Partner | London | - | - | |
Partner | London | - | - |
Co-investors of Ascension
Over the past 13 years, 633 investors have co-invested in Ascension's portfolio companies. This includes funds and angels.
- Invested before Ascension: Ascension Ventures, Founders Factory and 138 others have invested in rounds before Ascension. There are 6 companies where Ascension Ventures has invested before Ascension and 4 companies where Founders Factory has invested before Ascension.
- Top Co-investors of Ascension: 295 investors entered a company along with Ascension. These include investors like Seedcamp (5 companies).
- Invested after Ascension: A total of 198 investors have invested in Ascension's portfolio after their investments. Top Investors include Active Partners (3 companies), Google Ventures (3 companies) and Innovatus Capital Partners (2 companies).
Recent News related to Ascension
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Voxmind Raises £546K Pre-Seed Funding Led By Ascension VenturesStartup Rise EU•May 26, 2026•VoxMind AI, Ascension Ventures, Ascension
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ManaMind Raises $1.5M to Build AI Game Testing PlatformStartup Rise EU•Apr 30, 2026•Sure Valley Ventures, manamind.com, EWOR, Ascension and 3 others
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Hosel tees up fairer prices for golfers in $3bn second-hand marketScottish Business News•Mar 10, 2026•Ascension, Hosel
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Kinfolk Secures $7M Seed Funding to Expand AI-Powered HR PlatformStartup Rise EU•Feb 26, 2026•Kinfolk, PROfounders Capital Partners, AlbionVC, Emerge and 1 other
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Tembo Raises £16m to Help More First-Time Buyers Get Onto the Property LadderFintech Finance•Feb 12, 2026•Tembo Money, Gresham House Ventures, Ascension, Love Ventures and 3 others
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UK’s Ascension lands £10M commitment to fund startups beyond LondonTech Funding News•Jan 28, 2026•Ascension
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Synkka Secures Pre-Seed To Launch AI Agents For Scalable, Autonomous Parcel DeliveryStartup Rise EU•Aug 29, 2025•Synkka, Ascension
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United Kingdom Fintech Sprive closes $ 7.3 million in the round to facilitate mortgage paymentsesdelatino.com•Apr 28, 2025•Sprive, Ascension
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London-based Round Treasury secures €1.9 million to simplify treasury management for founders and CFOsBebeez•Oct 08, 2024•Round Treasury, Passion Capital, Tiny, Ascension and 3 others
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Round Treasury secures $2.1M pre-seed to simplify treasury managementTech.eu•Oct 08, 2024•Round Treasury, Passion Capital, Tiny, Ascension and 2 others
