First Ascent Ventures
Venture capitalToronto · Series A–Late Stage · 7 people tracked
Investment thesis
First Ascent Ventures backs enterprise software companies leveraging cloud, AI, machine learning, big data, 5G, mobility, blockchain and IoT, with an added focus on privacy and security. It typically invests from the Series A/B round onward in companies with growing monthly recurring revenue, strong products and top-tier customer references. The firm requires a board seat and actively assists management teams in scaling globally, offering not just capital but the operating and transaction experience of its team across IPOs, follow-on financings and M&A. FAV Fund I ($100M) is fully invested and FAV Fund II ($125M) closed in August 2021.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website & public directories
What they invest in
from 1 of 3 portfolio companiesCybersecurity ×1LegalTech ×1SaaS ×1
HQs:United States×1
Investments · 3 tracked
founders shown can be your intro pathOsano is an all-in-one data privacy platform that helps organizations build, manage, and scale their privacy programs, covering consent management, data subject rights, assessments, and vendor risk management.
CybersecurityLegalTechSaaSAustin, US
Arlo Gilbert(Co-founder & Chief Innovation Officer)Michael Smerklo(Director)Scott Hertel(Co-founder)Bobby Jaffari(Chief Executive Officer)Jessica Hamilton(Chief Financial Officer)Skye McCullough(Chief Customer Officer)
Frequently asked questions
- What stage does First Ascent Ventures invest at?
- First Ascent Ventures invests at the Series A, Series B, Growth, Late Stage stages.
- What is First Ascent Ventures's typical check size?
- First Ascent Ventures typically writes checks of $3.6M – $7.3M.
- What sectors does First Ascent Ventures focus on?
- First Ascent Ventures focuses on AI & Machine Learning, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Enterprise Software, Fintech, Hardware, Healthtech, IoT, PropTech, SaaS.
- Where is First Ascent Ventures located?
- First Ascent Ventures is headquartered in Toronto, CA.
- Does First Ascent Ventures lead rounds?
- Yes, First Ascent Ventures leads investment rounds.
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