Investments
118Portfolio Exits
6Funds
3Partners & Customers
2About Ascension
Ascension is a venture capital firm. It invests across various industries such as finance, healthcare, deep technology, ecommerce, and more. Ascension was founded in 2013 and is based in London, United Kingdom.
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Latest Ascension News
Sep 21, 2023
Challenger credit bureau Credit Kudos has raised £2.2m in its latest funding round, led by Ascension Ventures. The injection of funds will be used to support growth in the UK and accelerate expansion plans into Europe. Funds will also be directed to the development of Credit Kudos’ Open Banking app. Recommended Reports The platform offers lenders, brokers and financial institutions access to a scoring system based on consumer consented data. The aim is to enable lenders to make better credit decisions, while helping more individuals to access credit. Existing investors NFT Ventures and Entrepreneur First’s Next Stage Fund also joined the funding round, while new backers included Sarah Willingham, Charlie Songhurst, John McAndrew and Graham Lund. Freddy Kelly, chief executive of Credit Kudos, said: “This investment allows us to scale up our business to meet the demands of a post-Open Banking and PSD2 world. This funding will be used to expand our engineering and development team to continue to deliver first to market technology across our platform, as well as supporting expansion into wider Europe.” “Credit Kudos is a core solution to tackle the lack of fair and affordable access to credit for customers, with thin files or no credit history,” added Emma Steele, investment manager for Ascension Ventures. “We back Freddy’s ambition to change the way the risk profile of a potential borrower is assessed. “By doing that, Credit Kudos has the potential to 1) advance financial inclusion by improving approval rates for people previously excluded by the system 2) help prevent borrowers from being forced into higher priced products and 3) make it easy for lenders to check affordability. We are excited to back the team on this journey.” Last year, Credit Kudos partnered with P2P platform Lending Works to help the firm automate its borrowing application process. Credit Kudos is able to pull data from prospective borrowers’ bank accounts, which will then be used to automatically fill the forms and upload documents required Lending Works’ loan application process. Share this article
Ascension Investments
118 Investments
Ascension has made 118 investments. Their latest investment was in Kuano as part of their Seed VC - III on September 9, 2023.
Ascension Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/12/2023 | Seed VC - III | Kuano | $2.25M | Yes | ACF Investors, Ascension, Meltwind Advisory, Mercia Ventures, O2h Ventures, and Undisclosed Angel Investors | 3 |
7/28/2023 | Pre-Seed - II | SuperFi | $0.99M | Yes | Ascension, Fair By Design, Force Over Mass Capital, and Undisclosed Investors | 1 |
5/30/2023 | Series A | Qualis Flow | $9.1M | Yes | Ascension, Bridge Investment Group, Gravel Road Ventures, Greensoil PropTech Ventures, John Emrey, MMC Ventures, Suffolk Technologies, Systemiq Capital, The Grosvenor, and Undisclosed Angel Investors | 4 |
5/3/2023 | Seed VC - II | |||||
4/27/2023 | Seed VC - II |
Date | 9/12/2023 | 7/28/2023 | 5/30/2023 | 5/3/2023 | 4/27/2023 |
|---|---|---|---|---|---|
Round | Seed VC - III | Pre-Seed - II | Series A | Seed VC - II | Seed VC - II |
Company | Kuano | SuperFi | Qualis Flow | ||
Amount | $2.25M | $0.99M | $9.1M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | ACF Investors, Ascension, Meltwind Advisory, Mercia Ventures, O2h Ventures, and Undisclosed Angel Investors | Ascension, Fair By Design, Force Over Mass Capital, and Undisclosed Investors | Ascension, Bridge Investment Group, Gravel Road Ventures, Greensoil PropTech Ventures, John Emrey, MMC Ventures, Suffolk Technologies, Systemiq Capital, The Grosvenor, and Undisclosed Angel Investors | ||
Sources | 3 | 1 | 4 |
Ascension Portfolio Exits
6 Portfolio Exits
Ascension has 6 portfolio exits. Their latest portfolio exit was Minibems on March 14, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/14/2023 | Merger | 1 | |||
Date | 3/14/2023 | ||||
|---|---|---|---|---|---|
Exit | Merger | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
Ascension Fund History
3 Fund Histories
Ascension has 3 funds, including Fair By Design Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
2/17/2023 | Fair By Design Fund | $2.19M | 1 | ||
Unicorn Ascension EIS Fund | |||||
Ascension Fund III |
Closing Date | 2/17/2023 | ||
|---|---|---|---|
Fund | Fair By Design Fund | Unicorn Ascension EIS Fund | Ascension Fund III |
Fund Type | |||
Status | |||
Amount | $2.19M | ||
Sources | 1 |
Ascension Partners & Customers
2 Partners and customers
Ascension has 2 strategic partners and customers. Ascension recently partnered with Conduit Connect on April 4, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/6/2021 | Partner | United Kingdom | This unique partnership will enable scale in impact by leverage the deep EIS investing expertise of Ascension Ventures , the Fund Manager , and the impact investing knowledge and networks of Conduit Capital Partners and Conduit Capital Partners Connect . | 1 | |
6/12/2018 | Partner |
Date | 4/6/2021 | 6/12/2018 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | United Kingdom | |
News Snippet | This unique partnership will enable scale in impact by leverage the deep EIS investing expertise of Ascension Ventures , the Fund Manager , and the impact investing knowledge and networks of Conduit Capital Partners and Conduit Capital Partners Connect . | |
Sources | 1 |
Ascension Team
2 Team Members
Ascension has 2 team members, including current Founder, Managing Partner, Jean de Fougerolles.
Name | Work History | Title | Status |
|---|---|---|---|
Jean de Fougerolles | Founder, Managing Partner | Current | |
Name | Jean de Fougerolles | |
|---|---|---|
Work History | ||
Title | Founder, Managing Partner | |
Status | Current |
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