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Ascension's Newsletter

  • Ascension named UK’s Most Active Impact Investor by Beauhurst 

  • Meet Remy, Ascension Partner

  • Emma on the EUVC Podcast 

  • Toyosi on the Nothing Ventured Podcast

  • Portfolio in the News

  • Open Roles in our Portfolio Companies

We hope you had an enjoyable summer holiday and here are a few updates from us and our portfolio. 


Ascension named UK’s Most Active Impact Investor by Beauhurst 

Ascension is honoured to be acknowledged by Beauhust as the most active UK impact fund, a feat underscored by our Fair By Design fund ranking third as well. 


Ascension was a generalist fund between 2015 and 2018, but our focus shifted towards investing in impact-driven tech businesses that aim to tackle global challenges. We believed in the potential of these ventures to yield both profit and purpose, and the results have been impressive. 

Beauhurst’s findings reveal that companies backed by impact investors are more resilient, with significantly lower failure rates. This echoes our experiences, among our 12 exits to date, the weighted average of cash returned to investors for our tech for good businesses is at almost double.

Meet Remy, Ascension Partner

Remy Minute was the founder and CEO of CSC Media Group Ltd, the largest privately owned portfolio of television channels in the UK - which he sold to Sony Pictures Television in 2014.



He has worked in broadcast and technology for nearly 25 years and is an active angel investor as well as Chairman of Narrative Entertainment Ltd - owner of the Great! and POP! network of TV and FAST channels. Remy has been a Partner at Ascension since 2018 and is responsible for leading our Tax Efficient Pre-Seed and Seed Funds with Sonia George and Toyosi Ogedengbe.


The objective of the Ascension Tech Funds is to invest in innovative UK high-growth technology companies, whilst also seeking capital appreciation with the added advantages to investors of the tax reliefs offered under SEIS and EIS.


To learn more about the range of companies we have invested in, visit our website here. 


Emma featured on the EUVC podcast 

Tune into EUVC to hear Emma’s (Ascension Partner) thoughts about how to foster more robust societies through intertwined strategies of impact and return. 

‘Impact is just a lens, it's doing investing with a specific intent. The journey I take people on is actually, through this intent, through this lens, you can drive more commercial value down the line. Some people are easy to convince on that, and for others it is just not their philosophy".



Toyosi interviewed on the Nothing Ventured podcast 

It was great to see Toyosi (Ascension Principal) interviewed by Aarish Shah on the Nothing Ventured podcast. Click here to learn more about his journey, experience and investment focus within our team.

Portfolio In The News



Open Roles In Our Portfolio Companies 
About Ascension
Ascension is an early-stage venture capital firm built and managed by exited operators and entrepreneurs to back the next generation of tech and impact founders. Since 2015, Ascension has invested in 150+ start-ups across its (S)EIS & Institutional funds - our specialist approach and extensive sector reach allow us to identify and scale pioneering tech enterprises. With over £80m under management, Ascension is one of the most active early stage investors in the UK, with a particular focus on backing impact businesses leveraging the power of technology to solve some of the world’s biggest problems. For more information, see ascension.vc.
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*** IMPORTANT NOTICE ***
 
Ascension Ventures Ltd is authorised and regulated by the Financial Conduct Authority, (FRN 833108).
Risk warning: your capital is at risk. Investing in early stage companies involves risks including loss of capital, illiquidity, lack of dividends and dilution. Past performance is not a predictor of future performance. Ascension does not give tax or investment advice. The availability of tax relief depends on individual investors’ circumstances, and on investee companies’ qualifying status, both of which may be subject to change. If you are in doubt about eligibility for tax reliefs or the tax treatment of your investment, you should seek independent tax advice.

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