
Ascend Venture Capital
Description
Ascend Venture Capital, established in 2013 and headquartered in Saint Louis, Missouri, is a specialized venture capital firm dedicated to investing in data-centric companies. The firm's core thesis revolves around supporting enterprises that leverage data, advanced analytics, and artificial intelligence to develop innovative products and services. Their strategic focus is on identifying and nurturing early-stage companies poised to disrupt various industries through intelligent data utilization.
The firm primarily targets Seed, Series A, and Series B funding rounds, demonstrating a commitment to supporting companies through critical early growth phases. Ascend Venture Capital typically deploys initial investments ranging from $1 million to $5 million, often taking on roles as lead or co-lead investors in these rounds. This approach allows them to actively engage with their portfolio companies, providing not just capital but also strategic guidance and operational support to accelerate their development and market penetration.
Ascend's investment mandate spans several key sectors where data intelligence offers a significant competitive edge. These include Enterprise Software, Fintech, Healthcare IT, Supply Chain & Logistics, and the Future of Work. Their deep expertise in these verticals enables them to identify promising technologies and teams. A testament to their growth and commitment to the ecosystem, Ascend Venture Capital successfully closed its third fund, Ascend Venture Capital Fund III, with $80 million in 2021, further solidifying their capacity to support a robust pipeline of data-driven innovators. The firm's consistent focus on data-centricity positions it as a key partner for startups aiming to harness the power of information for transformative impact.
Investor Profile
Ascend Venture Capital has backed more than 43 startups, with 1 new investments in the last 12 months alone. The firm has led 3 rounds, about 7% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Convertible Note, Seed, Pre Seed rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Software, Artificial Intelligence (AI), SaaS.
- Typical check size: $1M – $5M.
Stage Focus
- Convertible Note (40%)
- Seed (23%)
- Pre Seed (12%)
- Series A (12%)
- Series B (7%)
- Series Unknown (7%)
Country Focus
- United States (100%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Saas
- Agriculture
- Information Technology
- Blockchain
- Insurance
- Cloud Data Services
- Telecommunications
- Gaming
Frequently Asked Questions
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