Big news: £10m from the British Business Bank to back founders across the UK
We'll be deploying this capital alongside our Pre-Seed and Seed funds, as well as our institutional fund, Ascension Fund III, as we continue to back exceptional teams.
For investors: reduce your 2024/25 tax bill before April
You already know your 2024/25 tax bill — and there's still time to reduce it. The Carryback Fund lets you invest before April and carry back EIS relief to last year, reducing the income tax you've already paid or deferring capital gains from 2024/25. You'll be deployed across a portfolio of around 8–10 UK technology companies, including follow-on investments in some of our standouts from the last couple of years — with the potential to claim your tax back by summer.
Learn about the Carryback Fund →
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.
Tune in: Sprive heads to Dragons' Den
Sprive will be appearing on Dragons' Den on Thursday 5 February at 8pm. Tune in to see how the pitch goes and how the Dragons respond. Download Sprive and shop away your mortgage — save thousands in interest and pay off your mortgage faster every time you shop.
Sprive isn't the only Ascension portfolio company to recently feature on Dragons' Den. Honest Mobile appeared on the show last year, and since filming its customer base has grown more than six-fold.
Milestone: Stream raises a $90m Series D
Having first backed Stream at pre-seed, it has been a pleasure to support the team throughout their growth journey. We were proud to participate in its recent $90m Series D alongside our friends at Balderton, Northzone, Smash Capital, Latitude, the British Business Bank and Better Society Capital — reaffirming our conviction in the founders and the impact they have made in supporting over 3 million people.
Portfolio news
- Emergent Energy hosted Ed Miliband and the BBC at their flagship Hackney project.
- Captur is hiring a Head of Product.
- Congrats to Sprive for hitting over 100k downloads on Android.
- Eolas Medical raised a $12m Series A.
- Hesta Health founders named among 200 Trailblazing Leaders.
- Big moment for Honest Mobile — their first TV advert is now live.
- The Electric Car Scheme has been named the fastest-growing green firm by the UK Fast Growth Index.