Investor profile
Ascension
VC
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Ascension is a London-based early-stage VC founded in 2015, built and managed by exited operators and entrepreneurs to back the next generation of tech and impact founders. The firm invests at pre-seed and seed across the UK, Europe, and North America through both generalist tax-efficient (S)EIS funds and institutional thesis-driven funds, with a particular focus on energy, fintech, health, and sustainability. Ascension targets mission-driven, outlier founders from day one, providing capital and hands-on support through every milestone — with over £83m AUM, 300+ portfolio companies, and 14+ exits including Credit Kudos (acquired by Apple for $150M). The firm is recognised as the most active VC in London over the past decade (Beauhurst) and UKBAA Seed VC of the Year 2022.
Notable quotes
“We're thrilled to back Sprive in its mission to help homeowners take control of their finances. With mortgage debt becoming an entrenched issue, Sprive's approach offers a tangible solution to a growing problem. Since downloading the App as part of our DD process, I've become a heavy user, taking money off my mortgage with every shop!”
“Ascension believed in us when we were just two founders with an idea to fix credit scoring.”
“Seven years ago, I entered the venture world to team up with Jean de Fougerolles and launch Ascension's Fair By Design fund, backing tech businesses tackling the poverty premium and reducing social inequality. Impact can be closely aligned to incredible commercial success — VC is such a fantastic asset class to achieve this with.”
Team
Remy Minute
Partner
Iulia Tudor
Partner, Ascension Fund III
Chris Wheatcroft
Investment Partner
Toyosi Ogedengbe
Principal
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Credit Kudos | Seed | — | 2019-01-01 |
| Sprive | Seed | $7m | 2025-04-28 |
| Tembo | Seed | — | 2021-01-01 |
| Wagestream | Seed | — | 2018-01-01 |
| Epoch Biodesign | Seed | — | 2022-01-01 |
| Hesta Health | Seed | — | 2025-08-08 |
| Synkka | Pre-seed | — | 2025-08-29 |
| Monolith AI | Seed | — | 2018-01-01 |
| Farmdrive | Pre-seed | $1m | 2025-11-18 |
| Heatio | Seed | $3m | 2024-06-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Fuel Ventures | 4 |
| Concept Ventures | 3 |
| Sequoia Capital | 2 |
| General Catalyst | 2 |
| AlbionVC | 2 |
| Sure Valley Ventures | 2 |
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