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Ascent Funds

2 Grand Central Tower, 140 East 45th Street, 28th Floor, New York, 10017, United States

Overview

Private equity fund accelerating the energy transition.

Founded

2015

Deals · 12mo

0

Links

WebsiteLinkedIn

Stage focus

Series B

Geographic focus

Singapore
United States

Sector focus

—

Investment portfolio

4rounds
NAMEDATESIZE
Forge Nano
Apr 2025Led
$40 MOther Equity
Raven
Apr 2024Led
$15 MOther Equity
Forge Nano
Jun 2023Participated
$50 MOther Equity
H3 Dynamics
Oct 2021Participated
$26 MSeries B
Forge Nano
Apr 2025Led
$40 MOther Equity
Raven
Apr 2024Led
$15 MOther Equity
Forge Nano
Jun 2023Participated
$50 MOther Equity
H3 Dynamics
Oct 2021Participated
$26 MSeries B
4
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Insights

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Deal Distribution

Ascent Funds: 4 funding rounds are recorded in the selected participation categories.All available history.
Ascent Funds: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B01
Other Equity21

Monthly Deal Activity

Ascent Funds: 4 deals are recorded across 61 months.All available history.
Ascent Funds: 4 deals are recorded across 61 months. All available history
MonthDeals
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Ascent Funds: Hardware & Robotics is the largest displayed sector by deal count (3 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.

Ascent Funds: Hardware & Robotics is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Hardware & Robotics3
Manufacturing3
Transportation & Logistics3
Clean Energy & Sustainability2
Space & Frontier Tech2
AI & Machine Learning1
Real Estate & Construction1

Deal Size Distribution

Ascent Funds: 4 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.

Ascent Funds: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M1
$25M-$50M2
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ascent Funds: United States has the largest recorded deal count among the displayed regions (3 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Ascent Funds: United States has the largest recorded deal count among the displayed regions (3 deals). All available history
RegionDeals
United States3
Singapore1
Ascent Funds: 14 co-investors are shown, with Orion Infrastructure Capital sharing 2 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.

Ascent Funds: 14 co-investors are shown, with Orion Infrastructure Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Orion Infrastructure Capital2
ACA Investments1
ATEQ1
Audacy Ventures1
Capital Management Group1
Catalus Capital1
Chevron Technology Ventures1
Grosvenor1
Hanwha Corporate Venture Capital1
ITOCHU Corporation1
Mirai Creation Fund1
RockCreek1
Stellar J1
Top Material1

Investment Strategy

Ascent Funds: Led accounts for 50% and participating for 50% of round participation.All available history.
Ascent Funds: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led250%
Participating250%
Ascent Funds: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Ascent Funds: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

David Wu

Co-Founder & President

Mark Gordon

Co-Founder & Partner