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The Venture Codex

Ascension

4th Floor, 20 Air Street, Soho, London, W1B 5AN, United Kingdom

Overview

Early-stage VC backing tech and impact founders in the UK.

Founded

2012

Deals ยท 12mo

9

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

United Kingdom

Sector focus

Financial Services
FinTech
Venture Capital

Investment portfolio

44rounds
NAMEDATESIZE
Neela Biotech
Oct 2026Participated
$3 MSeed
Sprive
Sep 2026Participated
$10 MSeries A
Suna Health
Sep 2026Participated
$4 MSeed
Qureight
Jul 2026Participated
$20 MSeries B
Saltroad
Jun 2026Participated
$2 MOther Equity
ManaMind
Apr 2026Participated
$2 MSeed
Hosel
Mar 2026Led
$0.67 MSeed
Kinfolk
Feb 2026Participated
$7 MSeed
Tembo Money
Feb 2026Participated
$22 MOther Equity
Sprive
Apr 2025Led
$7 MOther Equity
Capably
Apr 2025Participated
$4 MSeed
Merx
Mar 2025Participated
$1 MSeed
Neela Biotech
Oct 2026Participated
$3 MSeed
Sprive
Sep 2026Participated
$10 MSeries A
Suna Health
Sep 2026Participated
$4 MSeed
Qureight
Jul 2026Participated
$20 MSeries B
Saltroad
Jun 2026Participated
$2 MOther Equity
ManaMind
Apr 2026Participated
$2 MSeed
Hosel
Mar 2026Led
$0.67 MSeed
Kinfolk
Feb 2026Participated
$7 MSeed
Tembo Money
Feb 2026Participated
$22 MOther Equity
Sprive
Apr 2025Led
$7 MOther Equity
Capably
Apr 2025Participated
$4 MSeed
Merx
Mar 2025Participated
$1 MSeed
44
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Insights

Time horizon

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Deal Distribution

Ascension: 44 funding rounds are recorded in the selected participation categories.All available history.
Ascension: 44 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1120
Series A02
Series B01
Other Equity28

Monthly Deal Activity

Ascension: 44 deals are recorded across 63 months.All available history.
Ascension: 44 deals are recorded across 63 months. All available history
MonthDeals
Aug '211
Sep '210
Oct '211
Nov '210
Dec '214
Jan '220
Feb '223
Mar '221
Apr '222
May '223
Jun '220
Jul '221
Aug '220
Sep '222
Oct '220
Nov '222
Dec '220
Jan '231
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '240
Mar '240
Apr '244
May '240
Jun '241
Jul '242
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '252
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '261
Apr '261
May '260
Jun '261
Jul '261
Aug '260
Sep '262
Oct '261

Sector Breakdown

Ascension: Health & Life Sciences is the largest displayed sector by deal count (16 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Ascension: Health & Life Sciences is the largest displayed sector by deal count (16 deals). All available history
SectorDeals
Health & Life Sciences16
Enterprise Software12
Fintech12
Networks, Cloud & Communication9
AI & Machine Learning7
Social & Community Platforms5
E-Commerce & Retail4
Consumer & Lifestyle4
Professional Services4
Transportation & Logistics3
Gaming & eSports3
Clean Energy & Sustainability2
Data, Analytics & IT2
Media & Entertainment2
Developer Tools2
Travel & Hospitality1
Education & Workforce1
Space & Frontier Tech1
Manufacturing1

Deal Size Distribution

Ascension: 44 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Ascension: 44 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M32
$5M-$10M6
$10M-$25M5
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ascension: Europe has the largest recorded deal count among the displayed regions (44 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Ascension: Europe has the largest recorded deal count among the displayed regions (44 deals). All available history
RegionDeals
Europe44
Ascension: 20 co-investors are shown, with Octopus Ventures sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Ascension: 20 co-investors are shown, with Octopus Ventures sharing 4 recorded deals. All available history
Co-investorShared deals
Octopus Ventures4
Concept Ventures3
Conduit EIS Impact Fund3
Haatch Ventures3
Seedcamp3
Syndicate Room3
Active Partners2
Aviva Ventures2
Channel 4 Ventures2
Charlotte Street Capital2
Conduit Connect2
D4 Ventures2
Playfair Capital2
SIS Ventures2
Sure Valley Ventures2
Techstart Ventures2
VOYAGERS Climate-Tech Fund2
1818 Venture Capital1
6 Degrees Capital1
Ada Ventures1

Investment Strategy

Ascension: Led accounts for 30% and participating for 70% of round participation.All available history.
Ascension: Led accounts for 30% and participating for 70% of round participation. All available history
CategoryDeals (count)Share (%)
Led1330%
Participating3170%
Ascension: Single-lead accounts for 69% and co-led for 31% of lead dynamics.All available history.
Ascension: Single-lead accounts for 69% and co-led for 31% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead969%
Co-led431%

Team

Craig Fletcher

Venture partner and investment committee member

Emma Steele

Partner

Ian McClelland

Venture Partner

Jean Fougerolles

Managing Partner & Founder

Nico Albanese

Principal

Rakesh Murria

Chief Operations Officer

Remy Minute

Partner

Sue Summers

Director

Toyosi Ogedengbe