Accelerating growth towards Series A and beyond

If you’re a UK business raising your first or second funding round, we want to hear from you.
Ascension can lead or follow rounds alongside other investors via our S/EIS or institutional funds.
We've also built the Ascension Syndicate, a group of early-stage angels who co-invest in deals alongside us.

What we’re looking for

Some of our funds have specific criteria, which you can find in detail on the individual fund pages. There are also certain characteristics we seek out in all of our portfolio companies; these include:

UnderstandingStrong, dedicated founder(s) with a deep understanding of the problem your product is trying to solve.
ResilienceRobust IP assets and/or technological development that future-proof your business idea.
StrategyA compelling business model that has global potential, with clear marketing and distribution strategies built into the proposition.
RunwayAt least 12-18 months runway from the anticipated fundraise, assuming no revenue growth.
AlignmentA distinct opportunity for Ascension to add value when supporting your access to revenue and funding.
ExitA clearly thought-out path to exit.

"We are really appreciative of the support Ascension gave us at the start of our journey. As we launch the first Lick store in Clapham three years later, we thank them for their support in helping to make this happen. We would recommend Ascension as an investor to any company first raising a round from a VC."

Lucas London

CEO, Lick Home

Advice for Founders

Pahini Pandya


Our founder community

Ascension’s value extends far beyond capital.
We offer crucial post-investment support for early-stage founders, providing the tools, advice, and relationships you need to scale your business effectively.

Here’s what you can expect when you join the Ascension community.

An extensive mentor network

Over the years, we've been fortunate to partner with individuals who have defined what it means to be successful in tech. If our core team can't help with something directly, we’ll certainly know someone who can.

Opportunities to connect and learn

Whether it’s at our investor showcases, workshops, social events, or annual summit, we’re always finding ways to facilitate knowledge sharing and new connections—taking a truly community-driven approach to portfolio management.

Valuable discounts and perks

We’ve sourced and vetted suppliers across all key business functions and secured deals on your behalf, so you’ll have easy access to the tools you need to power your startup. Find these in our dealbook.

Meet the companies rewriting industries

Our portfolio is made up of 180+ pioneering tech and impact-driven businesses on a mission to make a difference.

Frequently Asked Questions

How do I apply for funding?

To apply for funding with Ascension, follow this link and fill in the form that follows.

Do you lead or follow rounds?

We can lead rounds or follow alongside other funds or angel investors.

What stages of investment do you offer?

Ascension runs a number of funds investing at varying stages from Pre-Seed to Series A+:

  • Ascension Blended SEIS Fund: Pre-Seed
  • Ascension EIS Fund: Seed to Seed+
  • Fair By Design Impact EIS: Seed to Series A+
  • Ascension Knowledge Intensive EIS: Seed to Seed+
  • Carry Back EIS Fund: Seed to Series A+
  • Fair By Design Fund: Pre-Seed to Seed+
  • Good Food Fund: Pre-Seed to Seed
  • Ascension Fund III: Pre-Seed to Seed+

Which geographies do you invest in?

Ascension’s tax-efficient funds currently only invest in UK businesses.

Ascension’s Fund III will be investing in the UK, Europe, and North America.

What support do you give founders?

In addition to providing funding and sharing our business expertise, we offer our portfolio companies practical support to help you drive the growth you’re looking for. This includes inviting you to regular networking and knowledge-sharing events, connecting you with relevant industry figures, and providing discounts on essential business services. We can also connect you to our vast network of mentors and venture partners, who can support you throughout your journey.

What is Ascension’s typical cheque size?

The typical investment amount varies depending on the specific fund, but it generally ranges between £75k and £700k. For more detailed information, visit the individual fund pages.

What does the investment process involve?

Once you submit your deck, you’ll undergo multiple interviews with our investment team. We’ll conduct thorough due diligence before deciding whether to invest.