
Ascent Venture Partners
255 State Street, Boston, MA, 02109, United States
Overview
Ascent is a venture capital firm that invests in early stage, emerging technology companies. At Ascent, they don’t jump on the latest trends in general technology. Instead, they remain dedicated to investing in a singular space with enormous market potential -- enterprise IT innovation. Their singular focus on enterprise IT, combined with their 28 years of experience and over 100 early stage investments, has yielded powerful results that speak to their deep knowledge, expertise, commitments and networks. Today, enterprise IT is in the midst of tremendous disruption. Between the shift to the cloud, mobility, consumerization of IT, data analytics and entirely new security architectures, both major challenges and tremendous opportunities abound. Over the next decade, the enterprise IT market will be transformed by these disruptive trends, providing lucrative opportunities for innovative early stage companies to emerge, develop new markets, and become the dominant IT companies of the future. They have a firm-wide commitment to backing companies that have courageous ideas about how technology can transform business and create market-leading companies along the way. Their partners, funds and extensive network are dedicated entirely to supporting companies in the enterprise IT arena, and helping them to be the best they can be. Ascent invests in early stage companies in the east coast with initial investment ranging from $2 million to $5 million.
- Total investments
- 32
- Lead investments
- 16
- Investments · 12mo
- 1
- Active investors
- 7
Sector focus
- Analytics
- Security
- Venture Capital
Investment portfolio
- Pruv Finance
Participated · Series A · Nov 2025
Pruv Finance operates a digital finance platform focused on the tokenization and on-chain distribution of real-world assets for institutional customers. Its core offering supplies the technical and compliance infrastructure needed to bridge traditional assets with blockchain networks, making it easier for banks, asset managers, and other institutions to issue and manage RWA tokens. The company positions itself as a key facilitator of traditional-to-crypto convergence, aiming to unlock new liquidity channels and improve asset transparency. With fresh Pre-A capital, Pruv Finance plans to broaden its platform features and scale its infrastructure to support a larger volume of institutional transactions. The management team intends to accelerate product development that enhances security, regulatory alignment, and cross-chain functionality. The $3 million raise also strengthens the balance sheet, giving the firm additional runway to pursue strategic partnerships with traditional financial institutions and blockchain ecosystems.
- Connectbase
Participated · Series C · Oct 2022
Connectbase operates the Connected World platform, an operating system that enables service providers and partners to discover, quote, transact and manage connectivity services across more than 2.2 billion locations and 400+ network providers worldwide. By combining detailed location intelligence with automated quoting tools, the company helps carriers and enterprises speed up transactions and improve accuracy. The newly announced acquisition of Cloud Age adds telecom invoice automation and spend-management capabilities that serve over 1,700 vendors, extending Connectbase’s workflow from “quote to cash” through “procure to pay.” This integration is intended to deliver a single, federated digital fabric that supports ecosystem-led growth and future agentic or autonomous systems. The company plans to leverage Cloud Age’s expertise in billing data to offer providers actionable spend intelligence and profitability insights. Connectbase’s strategy centers on expanding its platform’s global reach, enhancing automation, and deepening its software and data assets. The recent growth investment from Equality Asset Management will finance the Cloud Age purchase and accelerate ongoing product innovation and international expansion.
- Sidecar
Participated · Equity · Aug 2019
Sidecar Interactive is a Center City–based marketing technology firm led by CEO Andre Golsorkhi. The company plans to use the $7.5M follow-on round to invest in engineering staff to expand its core product and to boost hiring across the organization. Sidecar has almost doubled its headcount in the past year, according to Golsorkhi. Including this Series C1 follow-on, the company has raised a total of $33.5 million in venture capital. The recent funding follows an $11 million Series C in May 2017. The round was made up of existing investors including Harbert Growth Partners, Osage Venture Partners, Ascent Venture Partners, Robin Hood Ventures and Ben Franklin Technology Partners of Southeastern Pennsylvania (the latter invested via the GO Philly Fund). Sidecar is a Philadelphia-based provider of a SaaS e-commerce marketing platform that leverages advanced machine learning and deep data science to optimize shopping campaigns on Google, Facebook, and Bing. The company’s platform helps retailers run and optimize cross-channel shopping campaigns. Customers include Moosejaw and Vermont Teddy Bear. Led by founder and CEO Andre Golsorkhi, Sidecar focuses on enhancing its machine learning technology and scaling its team. The company said it will use the new funding to accelerate product development and hire additional staff. No revenue or user metrics were disclosed in the article. Sidecar develops e-commerce marketing technology that uses machine learning to connect consumers to relevant retail products across paid marketing channels where consumers shop. The platform programmatically links retailers' inventory to the most relevant consumers and is used by brands such as NewEgg, Nuts.com, GNC and Choxi. Andre Golsorkhi is the company's founder and CEO. The company says it will use new funding to further develop technologies that optimize product advertising channels. It also plans to increase its sales and marketing efforts to expand adoption. The article reports the company completed a Series B financing round to support these initiatives. Sidecar is a Philadelphia, PA–based startup that provides a big-data marketing platform for e-commerce companies. Led by CEO and founder Andre Golsorkhi, the company automates data-driven decisions by combining website, catalog, consumer and competitive data. Its platform delivers programmatic marketing across paid search, comparison-shopping engines, product listing ads, onsite product recommendations, and email retargeting. The technology is used by large online retailers, including several Top 100 Internet Retailers such as Newegg, Fanatics, RueLaLa and nomorerack. Sidecar maintains a secondary office in New York, NY. In June 2014 Sidecar raised $3.1M in funding. Sidecar is an online marketing platform that does business as Sidecar while remaining incorporated as Snipi. The company is led by Andre Golsorkhi and underwent a pivot and name change in 2011. In August 2011 it raised a $2.5 million round led by Innovation Ventures following that pivot. Last November it received $110,000 from Benjamin Franklin Technology Partners, marking BFTP's second investment in the company. An SEC filing shows Sidecar most recently raised $1.5 million from investors including Robin Hood Ventures, NextStage Capital and Wilmington, Del.-based Innovation Ventures. Karen Griffith Gryga of DreamIt Ventures and David Freschman of Innovation Ventures sit on Sidecar's board.
- empow
Led · Series B · Apr 2018
empow offers an orchestration platform that uses AI and machine-learning analytics to classify threats and alerts by intent, surface the most actionable incidents, and trigger responses through customers’ existing security stacks. The company positions its product in the next-generation SIEM space and serves medium and large enterprises and service providers across North America and Europe. empow is headquartered in Israel and maintains a North American marketing and sales office in Boston (Cambridge). Leadership changes include newly appointed CEO Peter George while founder Avi Chesla will move to CTO. The company raised a new $10M Series B and says it will use the funds to extend its leadership in next-generation SIEM. empow plans to expand its global sales, marketing and finance operations in Boston with the new financing. empow builds a cybersecurity platform that abstracts an organization’s security configuration into primary components called “Security Particles™” and uses deep learning to define each particle’s security role. The platform creates a common language across previously siloed tools, enabling instant coordination and unique automated responses to security events. empow’s solution is already deployed with major U.S. enterprises and service providers. The company was founded in 2014 by Avi Chesla, who serves as co-founder and CEO. empow plans to use newly raised capital to further develop its platform and expand into the U.S. market, beginning with a Boston office for sales and support. No revenue or user metrics were disclosed in the article.
- gr8 People
Led · Series B · Feb 2018
gr8 People provides an enterprise-class talent platform that unifies CRM, recruitment marketing, hiring and onboarding into a single One-Experience Talent Platform. The company serves corporate and recruiting process outsourcing (RPO) customers globally, including Talbots, Teradata, NBCUniversal, Netflix, Argus, Precision Medicine Group, Pivot Physical Therapy and Randstad UK. Co-founded by CEO Diane Smith and COO Jayne Kettles, gr8 People focuses on enterprise recruiting workflows and recruitment marketing. The company plans to expand innovation, accelerate growth in existing and new markets, and facilitate expansion of its One-Experience Talent Platform. Financially, the company has raised a total of $14M to date following the latest round. No operating metrics such as revenue or user counts were disclosed in the article.