The Work Index by Flexa

Ascension

Ascension is a UK-based venture capital firm that invests in high-growth, impact-driven technology startups.

https://www.ascension.vc/
5.6

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Description

Ascension is a leading UK venture capital firm specializing in seed-stage investments in technology companies. They are particularly focused on backing businesses that are leveraging technology to solve the world's biggest problems, with a strong emphasis on impact-driven ventures. They have a diverse portfolio of over 150 startups across various sectors, including Fintech, e-commerce, health, and sustainability. Ascension is recognized as a top 10 active VC firm in London and was named Seed VC of the Year in 2022 by the UK Business Angels Association.

Ascension offers more than just capital to its portfolio companies. They provide a holistic support network that includes mentorship, networking opportunities, and access to essential business services. The company is committed to building an inclusive and community-driven team, fostering a collaborative environment where founders can learn from each other and grow their businesses. Through their various funds, Ascension aims to deliver tax-free capital growth for investors while also making a positive impact on society.

Benefits

Ascension offers a robust benefits package focused on supporting employees' growth and well-being. Benefits include an inclusive, community-driven work environment with a focus on conviction, integrity, humor, and humility. They offer opportunities for learning and networking through regular events and a vast mentor network. Ascension also provides valuable discounts and perks on essential business services.

Mission

Ascension is a venture capital firm dedicated to empowering the UK's top tech innovators, transforming visionary ideas into impactful businesses. They back startups that are solving real societal challenges and building a tech ecosystem where innovation drives both economic growth and social good. Their focus on impact-driven businesses is evident in their various funds, such as the Fair By Design fund, which tackles the Poverty Premium, and Ascension Fund III, which focuses on alleviating the cost of living crisis. They offer more than just funding, providing a holistic partnership with mentorship, networking opportunities, and resources to help startups scale and thrive.

Data-driven
Disruptor
Environmental impact driven
Social impact led
Sustainability
Tech for good

Culture

Ascension promotes a culture of community and inclusivity, emphasizing the importance of working with conviction, integrity, humor, and humility. They believe in building a team whose expertise and dedication will benefit the larger tech ecosystem and actively foster a sense of collaboration and knowledge sharing among their employees and portfolio companies. Their emphasis on impact and purpose-driven work, alongside a strong emphasis on mentorship and support, creates a dynamic and rewarding environment for those looking to make a difference.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
People-first
Progressive
Supportive

DE&I

Ascension is committed to building an inclusive, community-driven team whose expertise and dedication benefit the tech ecosystem at large. They strive for a workplace characterized by conviction, integrity, humor, and humility. While the company website doesn't explicitly state diversity, equity, and inclusion goals, their emphasis on building a strong community suggests a commitment to attracting and retaining a diverse talent pool.

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