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Venture Capital
FINANCE | Investment Firms & Funds
ascension.vc

Investments

118

Portfolio Exits

6

Funds

3

Partners & Customers

2

About 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.

Headquarters Location

Tintagel House, 9th floor, 92 Albert Embankment

London, England, SE1 7TY.,

United Kingdom

+44 1212025115

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Latest Ascension News

Credit Kudos secures £2.2m in latest funding round

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.

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Ascension Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/12/2023

Seed VC - III

Kuano

$2.25M

Yes

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

4

5/3/2023

Seed VC - II

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$99M

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10

4/27/2023

Seed VC - II

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$99M

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10

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

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Amount

$2.25M

$0.99M

$9.1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Ascension, Fair By Design, Force Over Mass Capital, and Undisclosed Investors

Sources

3

1

4

10

10

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

$99M

1

12/12/2022

Corporate Majority

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$99M

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10

3/23/2022

Acquired

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$99M

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10

5/4/2021

Acquired

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$99M

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10

10/3/2019

Acquired

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$99M

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10

Date

3/14/2023

12/12/2022

3/23/2022

5/4/2021

10/3/2019

Exit

Merger

Corporate Majority

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

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

$99M

10

Ascension Fund III

$99M

10

Closing Date

2/17/2023

Fund

Fair By Design Fund

Unicorn Ascension EIS Fund

Ascension Fund III

Fund Type

Status

Amount

$2.19M

$99M

$99M

Sources

1

10

10

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

Conduit Capital and Conduit Connect team up with Ascension Ventures to launch EIS Impact Fund — The Conduit Connect

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

India

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10

Date

4/6/2021

6/12/2018

Type

Partner

Partner

Business Partner

Country

United Kingdom

India

News Snippet

Conduit Capital and Conduit Connect team up with Ascension Ventures to launch EIS Impact Fund — The Conduit Connect

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 .

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Sources

1

10

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

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Name

Jean de Fougerolles

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Work History

Title

Founder, Managing Partner

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Status

Current

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