Fundraising Fox

Ascension

Venture capital

London · Pre-Seed–Series A · 27 people tracked

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Investment thesis

Ascension backs founders at the earliest stage — from day one at seed — and supports them through every subsequent growth milestone. The firm invests via both generalist and institutional, thesis-driven funds, targeting mission-driven, outlier founders building the next wave of innovation. Over the past decade it has developed a portfolio spanning multiple companies and exits, illustrated by investments such as Credit Kudos, where Ascension backed the team at seed before the company scaled to power major UK lenders and was ultimately acquired.

Invests inSector AgnosticLondonUnited Kingdom

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
London, GB
Leads rounds
Follows
Instruments
Equity
Founded
2015
Last 12 months
1 investment
Tracked investments
10

Team · 27 people

from the firm's website & curated & public directories
Barney Worfolk Smith· Venture Partner
Ben Fletcher· Business Development Managerin
Bill Bousfield· Head of Distributionin
Romha Berhane· Portfolio Managerin

What they invest in

from 10 of 10 portfolio companies

AI & Machine Learning ×6SaaS ×5Enterprise Software ×3HR Tech ×3Cleantech ×2Cloud Computing ×2Fintech ×2B2B Marketplaces ×1

HQs:United Kingdom×4United States×1

Investments · 10 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 36 dated

Capablycapably.aiin𝕏Apr 2025 · $4M

Capably provides enterprise AI automation using agentic AI to handle routine work and support critical tasks, offering a proprietary stack with governance, safety, and industry-tailored automation.

AI & Machine LearningEnterprise SoftwareSaaS

Nicolas Trésegnie(Co-Founder)Rafa Pulido(Chief Executive Officer)

Co-investorsBoost Capital PartnersHaatchAraya VenturesSure Valley VenturesWayra

Credit Kudoscreditkudos.comacquired by Apple

Credit Kudos was a UK credit reference agency that used Open Banking data to help lenders judge whether applicants could afford to repay.

FintechLondon, GB

Freddy Kelly(CEO)inMatt Schofield(Founding CTO)in

Co-investorsAlbionVCEntrepreneur FirstPortfolio VenturesAngel Invest

Electric Car Schemeelectriccarscheme.comin𝕏Oct 2024

The Electric Car Scheme provides an EV salary sacrifice program that lets employees lease electric cars at a discount through their employer, while helping businesses save on tax and offer a staff benefit.

CleantechHR TechMobility & TransportationSaaS

Thom Groot(CEO & Co-founder)Tom Eilon(Co-Founder)in

Co-investors13books CapitalConduit ConnectPortfolio VenturesSPWOneAdjuvoBayern Kapital

Greenpixiegreenpixie.comin

Greenpixie provides emissions measurement and cloud sustainability services to engineering teams, helping them reduce waste and improve efficiency in cloud operations.

AI & Machine LearningCleantechClimate TechCloud Computing

John Ridd(Founder)in

Co-investorsOctopus Ventures

Happlhappl.comin𝕏Apr 2024

Happl is an AI-native platform that helps global companies manage, automate, and personalize employee benefits across multiple countries.

AI & Machine LearningEnterprise SoftwareHR TechInsurTechSaaSLondon, GB

Ben Towers(Founder)in

Co-investorsHaatchY Combinator6 Degrees CapitalPitchdrivePortage VenturesVentures Together

HealthKeygethealthkey.comin𝕏Apr 2024

HealthKey provides AI-powered patient identification for clinical trial teams by integrating with electronic health records to automatically prescreen and identify eligible trial candidates.

AI & Machine LearningDigital HealthHealthtechAustin, US

Josh Sabol(Founder/CEO)in

Co-investorsTranspose Platform ManagementY CombinatorAviva VenturesCur8 CapitalZeno Ventures

Kinfolkkinfolkhq.comin

Kinfolk is an AI agent that automates HR support and workflows within Slack and Teams, enabling employees to self-serve answers and complete HR processes.

AI & Machine LearningHR TechSaaS

Co-investorsAlbionVCEmerge Education

our formtally.soin𝕏

Tally is an online form builder that works like a text document, letting users create forms by typing and inserting blocks without code.

Future of WorkMarketing TechSaaS

Marie Martens(Founder)in

Co-investors1991 VenturesAnchorless BangladeshBloom / Giesen Family OfficeDay One CapitalFlori VenturesFoundership Ventures+8 more

Sprivesprive.comin𝕏Apr 2025 · $7.3M

Sprive is a fintech app that helps UK mortgage holders pay off their debt faster by automating overpayments from everyday shopping with partnered retailers.

B2B MarketplacesFintechUnited Kingdom, GB

JineshSaad Hashim(Founder)

Co-investorsChannel 4 VenturesCornerstone VCTwo MagnoliasVelocity Capital Advisors

Tembotembo.ioin𝕏Feb 2026

Tembo builds a platform that serves as an operating layer for software engineering teams, providing secure execution, shared context, and workflow coordination for AI coding agents.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software

Ry Walker(Founder)in

Co-investorsGreatPoint VenturesCincyTechCintrifuse CapitalGrand VenturesWireframe VenturesAviva Investors+4 more

Exits · 1

IPOs and acquisitions across the tracked portfolio

Credit Kudosacq. by Apple

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Ascension invest at?
Ascension invests at the Pre-Seed, Seed, Series A stages.
What sectors does Ascension focus on?
Ascension focuses on Sector Agnostic.
Where is Ascension located?
Ascension is headquartered in London, GB.
Does Ascension lead rounds?
Ascension typically participates in rounds rather than leading them.
Who does Ascension co-invest with?
Ascension most often shares deals with AlbionVC, Entrepreneur First, Frachtis, among 20 tracked co-investors.

From the blog

visit blog ↗

Ascension has recently won major industry awards for seed-stage investing and impact, led new pre-seed investments in golf marketplace Hosel and voice authentication platform Voxmind, and announced a brand refresh alongside strong portfolio company funding momentum across fintech, real assets, connectivity, and healthcare sectors. AI summary

Media · Podcasts & interviews

featuring the team

EUVC #210 Emma Steele, Ascension VC

The European VC · Emma Steele

Images

Ascension photo

Co-investors · 5

MaC Venture Capital

MaC Venture Capital is a seed-stage venture capital firm that partners closely with founders, offering a multidisciplinary team, an extensive network spanning Silicon Valley, Hollywood, Washington DC, and emerging markets, and hands-on growth support.

$500K – $2M
Fuel Ventures

Fuel Ventures is an investor founded by entrepreneur Mark Pearson that backs fast-growing technology companies, drawing on its team's operational and founding experience to support portfolio companies. It also runs a VCT listed on the London Stock Exchange.

$317.5K – $9.5M
Mercuri.vc

Mercuri.vc is a UK-based venture capital fund investing at pre-seed and seed stage in media technology startups, backed by the British Business Bank.

$630K – $1.3M
Dreamcraft

Dreamcraft is a venture capital firm that invests in proprietary audiences, communities, and intellectual property that capture and monetize consumer attention, with a focus on gaming, media, betting, and sports.

Edge VC

Edge VC is a UK-focused venture firm backing bold, intellectually curious founders, investing in seed and Series A companies in rounds of up to £5m.

$1.3M – $6.5M

Firms observed investing alongside Ascension, from public investor directories. Shared companies are the overlap with Ascension's recorded portfolio.

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