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Corporate Venture
ascensionventures.org

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Investments

127

Portfolio Exits

37

Funds

2

About Ascension Ventures

Ascension Ventures, a wholly owned subsidiary of Ascension Health, is a strategic health venture fund specializing in venture and growth equity investments in healthcare information technology and services, and medical devices and diagnostics.

Ascension Ventures Headquarter Location

101 South Hanley Road Suite 200

St. Louis, Missouri, 63105,

United States

314-733-8100

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Research containing Ascension Ventures

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CB Insights Intelligence Analysts have mentioned Ascension Ventures in 1 CB Insights research brief, most recently on Nov 4, 2019.

Latest Ascension Ventures News

UK charging platform Bonnet raises $1.3 million in new funding

Sep 1, 2021

UK charging platform Bonnet raises $1.3 million in new funding Posted UK startup Bonnet has raised £920,000 ($1.3 million) in new funding, including £850,000 in an equity financing round led by Ascension Ventures and a £70,000 grant from Innovate UK and OZEV (government-funded entities that promote the British EV industry). Bonnet is a charging platform designed to simplify paying for public charging. There are currently over 40 charging networks operating in the UK, each with its own payment system. Bonnet’s platform is designed to offer drivers seamless access to multiple networks, with 24/7 support. The Bonnet app gives drivers real-time data on charger availability and functionality (drawn from multiple sources) and offers drivers bundles of charging credit that they can use across networks, rolling over unused credit into the next month. The new funding will be used to grow Bonnet’s ten-strong team, and to expand its partnerships with network operators. Since its 2019 launch, Bonnet has aggregated charging points in 1,400 locations across the UK, and aims to be integrated with 70% of the country’s public charging stations by the end of 2021. The company also plans to offer access to semi-public and private charging points. “We’ve seen a real acceleration in the growth of our platform. In the past six months alone, we’ve partnered with the likes of ESB, Shell Recharge, EVBox, Alfa Power, Franklin Energy, Plug-N-Go, Allego, Fastned and char.gy to provide cheaper and simpler public charging for customers,” said co-founder and CEO Patrick Reich. “Our goal is to [make charging] more democratic and accessible—particularly for drivers in urban areas who need on-demand, affordable public chargepoint access. By expanding our offering this year, Bonnet can become the top resource for drivers looking for reliable real-time chargepoint data and simple EV payments—we’re committed to ensuring EV drivers never overpay again.” Daily

Ascension Ventures Investments

127 Investments

Ascension Ventures has made 127 investments. Their latest investment was in Elation Health as part of their Series D on July 7, 2022.

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Ascension Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2022

Series D

Elation Health

$50M

Yes

3

3/10/2022

Series E

RefleXion

$80M

Yes

10

11/16/2021

Series D

Cala Health

$77M

Yes

17

7/2/2021

Series A - II

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$99M

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10

3/2/2021

Series B

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$99M

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10

Date

7/26/2022

3/10/2022

11/16/2021

7/2/2021

3/2/2021

Round

Series D

Series E

Series D

Series A - II

Series B

Company

Elation Health

RefleXion

Cala Health

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Amount

$50M

$80M

$77M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

10

17

10

10

Ascension Ventures Portfolio Exits

37 Portfolio Exits

Ascension Ventures has 37 portfolio exits. Their latest portfolio exit was Intelligent Medical Objects on March 31, 2022.

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

3/31/2022

Acq - Fin

$99M

2

11/24/2021

IPO

$99M

Public

2

11/8/2021

Acquired

$99M

5

8/6/2021

Acquired

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$99M

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10

5/21/2021

Acquired

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$99M

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10

Date

3/31/2022

11/24/2021

11/8/2021

8/6/2021

5/21/2021

Exit

Acq - Fin

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

2

5

10

10

Ascension Ventures Fund History

2 Fund Histories

Ascension Ventures has 2 funds, including Collaborative Health Ventures V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/5/2021

Collaborative Health Ventures V

$285M

2

12/6/2016

CHV IV

$99M

10

Closing Date

3/5/2021

12/6/2016

Fund

Collaborative Health Ventures V

CHV IV

Fund Type

Status

Amount

$285M

$99M

Sources

2

10

Ascension Ventures Team

5 Team Members

Ascension Ventures has 5 team members, including current Senior Managing Director, Tara Butler.

Name

Work History

Title

Status

Tara Butler

Senior Managing Director

Current

Matt Herman

Senior Managing Director

Current

John Kuelper

Senior Managing Director

Current

Ryan L. Schuler

Managing Director

Current

Jamie Wehrung

Senior Director

Current

Name

Tara Butler

Matt Herman

John Kuelper

Ryan L. Schuler

Jamie Wehrung

Work History

Title

Senior Managing Director

Senior Managing Director

Senior Managing Director

Managing Director

Senior Director

Status

Current

Current

Current

Current

Current

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