Investors / Canada / First Ascent Ventures
First Ascent Ventures
Venture capital · Toronto, ON, Canada · North America
First Ascent Ventures is a venture capital firm founded in 2015 that invests in early stage, emerging and growth-oriented enterprise software companies in the information technology sector. It typically invests from the Series A/B round onwards and requires a board seat to actively assist management teams.
Invests inAI & Machine Learning
In its own wordsenterprise softwareartificial intelligencemachine learningbig datacloudsecurity
Your fit with First Ascent Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsFirst Ascent Ventures lists 11 checked portfolio companies on its own site. Its largest themes are AI & Machine Learning (23%), Enterprise Software (14%) and Fintech (14%). 67% of its companies are based in Canada. It invests most often alongside Jump Capital, AQC Capital and Azoic Ventures.
No funding round on record names First Ascent Ventures yet, so the figures come from its portfolio page.
Round figures show recent activity, not First Ascent Ventures' whole history. Rounds on record name 0 companies; its own site lists 11. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 23% | 18% |
| Enterprise Software | 14% | 8% |
| Fintech | 14% | 12% |
| Legal & Compliance | 9% | 2% |
| Media & Entertainment | 9% | 4% |
| Healthcare & Biotech | 9% | 15% |
| Industrial & Manufacturing | 9% | 7% |
| Cybersecurity | 5% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Jump Capital | 2 |
| AQC Capital | 1 |
| Azoic Ventures | 1 |
| Boreal Ventures | 1 |
| Brightspark Ventures | 1 |
| CapHorn | 1 |
| Capital Factory | 1 |
| Catalyst Investors | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 27th | 11 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 26th | 23% in its largest sector |
| Reach | 42th | 2 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers11100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare First Ascent Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its sitePortfolio
11 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Andgo streamlines complex absence management and shift filling workflows from end-to-end for leading health systems and manufacturing organizations in the U.S. and Canada. | Healthcare & BiotechIndustrial & Manufacturing | Portfolio page | ||
| Assent provides product intelligence for compliance and sustainability | Space & DefenseIndustrial & Manufacturing | Portfolio page | ||
| Burai automates workflow mapping and builds AI agents for businesses | AI & Machine LearningEnterprise Software | Portfolio page | ||
| DailyPay provides on-demand pay platforms that allow employees to access their earned pay before payday | FintechHuman Resources | Portfolio page | ||
| Darwin CX combines powerful automation with agentic AI to bring print, digital, and memberships together in a single, connected platform for publishers | Media & EntertainmentAI & Machine Learning | Portfolio page | ||
| Sensibill provides a customer data platform for financial institutions to collect, synthesize, and action everyday customer spend data | FintechAI & Machine Learning | Portfolio page | ||
| LinkSquares provides AI contract management software to help companies manage their contracts and agreements | Legal & ComplianceEnterprise Software | Portfolio page | ||
| Osano provides data privacy management software for compliance | CybersecurityLegal & Compliance | Portfolio page | ||
| Potloc provides a survey platform for research and data analysis | Healthcare & BiotechFintech | Portfolio page | ||
| Shinydocs provides information governance and enterprise search software | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Sportlogiq provides sports analytics using computer vision and machine learning technology | Media & EntertainmentAI & Machine Learning | Portfolio page |
About this data
site last read 7 Nov 2026- Site
- firstascentventures.com
- Last read
- 7 Nov 2026
- Watching since
- 7 Nov 2026
- Companies checked
- 11
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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