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Venture Capital
ascentvp.com

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Investments

204

Portfolio Exits

54

Funds

9

Service Providers

1

About Ascent Venture Partners

Ascent Venture Partners invests in early stage, emerging technology companies since 1985. Ascent not only identifies the major trends in enterprise IT, but helps shape them through our active involvement and support of the emerging companies with whom we partner - helping to grow the next generation of technology leaders.

Ascent Venture Partners Headquarter Location

255 State Street 5th Floor

Boston, Massachusetts, 02109,

United States

617-720-9400

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Latest Ascent Venture Partners News

Connected2Fiber raises $12M in series B funding led by Harbert Growth Partners and current investors Ascent Venture, Nauta and Osage Venture

Mar 25, 2021

Webcapitalriesgo 24/03/2021 Press release NAUTA PORTFOLIO COMPANY CONNECTED2FIBER RAISES $12M IN SERIES B FUNDING TO ACCELERATE PLATFORM AND CONNECTIVITY ECOSYSTEM GROWTH. Connected2Fiber , The Industry Cloud for Connectivity, announced today that it has secured $12 million in Series B financing led by Harbert Growth Partners as well as current investors Ascent Venture Partners, Nauta Capital, and Osage Venture Partners. The new funding will be used to invest in the organization’s go-to-market operations across sales, marketing, and customer success teams as well as accelerate the product roadmap for its platform, The Connected World. Product investments will deliver new ecosystem integrations, buyer and seller capabilities that will include additional APIs, and build out of the next phase of location truth within the platform. Connected2Fiber will also introduce new AI and analytic capabilities as well as real-time data connectors that feed The Connected World’s application and analytic suite. “Buying and selling network in today’s fragmented environment is complex and slow, leading to missed opportunities, challenging customer experiences and lower profits on all sides of the equation,” comments Ben Edmond, Founder and CEO at Connected2Fiber. “Our platform continues to solve the most difficult challenges associated with network transactions by providing buyers and sellers with a location-specific, data-driven blueprint of their addressable market and then automating critical processes, resulting in smarter and faster decisions for both parties. Our success and growth within both the buyer and seller community has produced an ever-expanding platform ecosystem and, with this new investment, we’ll not only be able to scale our selling efforts but continue to innovate to provide additional analytical insight and global reach.” Connected2Fiber’s growth is reflective of a number of trends occurring in the connectivity industry. With tens of thousands of network providers around the world, a virtually limitless number of consumers, and the frequent need for partnerships to support selling and delivery efforts, network transactions have historically been complicated. Traditionally, there has not been much in the way of reliable data and robust applications to improve and accelerate network buying and selling decisions. Rather, there’s been an overreliance on manual processes and “best guesses” in executing transactions. The inefficiencies that result from not being able to clearly visualize market supply of network and demand for it coupled with slow, manual approaches to leveraging the insight for network buying and selling cost the industry billions of dollars every year. This problem is magnified by accelerated demand for network, driven by the continual emergence of cloud-based services that support use cases such as remote working and learning as well as other considerably growing industry trends such as 5G and SD-WAN. For market participants to maximize profitable growth prospects and capitalize on an ever-increasing appetite for connectivity, network supply from their unique, proprietary perspective and market demand must be easily discoverable with trust at a location level and operational processes must be automated. The Connected World platform delivers this experience and powers digital transformation in the buying and selling processes of companies from global carriers to rural telephone and cable TV operators to managed service providers of every focus and size. Recent Connected2Fiber growth metrics include: Serving the top 10 fiber infrastructure providers and MSOs in the United States Serving 4 out of the top 5 LECs and network-oriented managed service providers in the United States 108% jump in platform users over the past year 390% year-over-year increase in locations managed by customers Over 5,800 network operators profiled around the world and growing 213% year-over-year increase in unique entity locations tracked globally “Connected2Fiber is positioned to capitalize on the need for digital transformation among service providers, which is significant given the dramatic spike in network demand and innovation within the connectivity industry,” comments Tom Roberts, General Partner at Harbert Growth Partners. “As key network trends evolve, much like we’re seeing with cloud, 5G and SD-WAN, the ability to transact in real-time, combined with actionable intelligence as it relates to network supply and demand, is essential to positively transforming buying and selling. Connected2Fiber leads the industry in providing critical, location-specific data as well as a platform to leverage that intelligence to automate key network buying and selling processes, ultimately creating an impressive ecosystem of buyers and sellers. We’re thrilled to lead the Series B round and to support them as they continue to innovate and help digitally transform this essential industry.” Connected2Fiber’s previous equity rounds total $15 million, bringing total funding to date to $27 million in equity. For more information about Connected2Fiber and its ecosystem of hundreds of service providers building automation into their buying and selling processes, visit www.connected2fiber.com. About Connected2Fiber Connected2Fiber is The Industry Cloud for Connectivity. The Connected World platform details and displays deep, trusted location-based insight and empowers users to leverage that insight to automate network buying and selling processes. Visit Connected2Fiber on the web at www.connected2fiber.com or follow us on LinkedIn at https://www.linkedin.com/company/connected2fiber/.

Ascent Venture Partners Investments

204 Investments

Ascent Venture Partners has made 204 investments. Their latest investment was in Snowplow Analytics as part of their Series B on June 6, 2022.

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Ascent Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/30/2022

Series B

Snowplow Analytics

$40M

Yes

5

3/22/2021

Series B

Connectbase

$12M

No

9

12/12/2019

Series B - III

vee24

$5.24M

No

1

12/9/2019

Seed VC

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$99M

Subscribe to see more

0

11/12/2019

Series A - II

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$99M

Subscribe to see more

10

Date

6/30/2022

3/22/2021

12/12/2019

12/9/2019

11/12/2019

Round

Series B

Series B

Series B - III

Seed VC

Series A - II

Company

Snowplow Analytics

Connectbase

vee24

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Amount

$40M

$12M

$5.24M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

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Co-Investors

Sources

5

9

1

0

10

Ascent Venture Partners Portfolio Exits

54 Portfolio Exits

Ascent Venture Partners has 54 portfolio exits. Their latest portfolio exit was Sidecar Interactive on December 13, 2021.

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

12/13/2021

Acquired

$99M

1

9/20/2021

Acquired

$99M

5

7/20/2021

Acquired

$99M

1

5/12/2020

Corporate Majority

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$99M

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10

2/6/2018

Acquired

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$99M

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10

Date

12/13/2021

9/20/2021

7/20/2021

5/12/2020

2/6/2018

Exit

Acquired

Acquired

Acquired

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

5

1

10

10

Ascent Venture Partners Fund History

9 Fund Histories

Ascent Venture Partners has 9 funds, including Alpha Ascent Amulet.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/4/2020

Alpha Ascent Amulet

$8M

1

11/21/2018

Alpha Ascent Healthcare

$99M

10

8/15/2016

Ascent Venture Partners VI

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$99M

10

6/22/2016

Ascent Venture Partners IV-B

$99M

10

6/20/2012

Ascent Venture Partners V

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$99M

10

Closing Date

11/4/2020

11/21/2018

8/15/2016

6/22/2016

6/20/2012

Fund

Alpha Ascent Amulet

Alpha Ascent Healthcare

Ascent Venture Partners VI

Ascent Venture Partners IV-B

Ascent Venture Partners V

Fund Type

Subscribe to see more

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Status

Subscribe to see more

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Amount

$8M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Ascent Venture Partners Service Providers

1 Service Provider

Ascent Venture Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Ascent Venture Partners Team

8 Team Members

Ascent Venture Partners has 8 team members, including current General Partner, Luke Burns.

Name

Work History

Title

Status

Luke Burns

General Partner

Current

Christopher W. Dick

General Partner

Current

Matt Fates

General Partner

Current

Matt Fates

Norwest Venture Partners, and Alex Brown & Sons

General Partner

Current

Brian J. Girvan

General Partner

Current

Name

Luke Burns

Christopher W. Dick

Matt Fates

Matt Fates

Brian J. Girvan

Work History

Norwest Venture Partners, and Alex Brown & Sons

Title

General Partner

General Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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