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Funder directory / Canada / Venture capital firms

First Ascent Ventures

Venture capitalToronto, Canadafirstascentventures.comVerified 9 Nov 2026

First Ascent Ventures is a Canadian venture capital firm founded in 2015 that invests in early-stage, emerging, and growth-oriented enterprise software companies. The firm focuses on technologies leveraging cloud, artificial intelligence, machine learning, big data, cybersecurity, and IoT. It typically targets companies at the Series A and B rounds and beyond.

StagesSeries A · Series B+ · Growth
Business modelB2B
Invests inCA
Deals recorded17 since 2021
Fund sizeFAV Fund I ($100 million) is now fully invested and FAV F…quoted from their site

What they invest in

  • First Ascent Ventures (FAV) was founded in 2015 and invests in early stage, emerging and growth-oriented enterprise software companies in the information technology sector (ICT). source
  • First Ascent Ventures is looking for companies that are developing innovative Enterprise Software that leverages the cloud, artificial intelligence (AI), machine learning, big data, cloud computing, 5G, mobility, blockchain and the Internet of Things (IOT) with an additional focus on privacy and sec source
  • We typically invest from the Series A / B round onwards. source

All investments and operations

17 operations
CompanyRoundAmountDateCo-investorsSource
Burai––2025–Portfolio page
Osano––2023–Portfolio page
Shinydocs––2023–Portfolio page
Andgo––2022–Portfolio page
Darwin CX––2022–Portfolio page
Assent––2021–Portfolio page
DailyPay––2021–Portfolio page
Dialogue––2021–Portfolio page
LinkSquares––2021–Portfolio page
Potloc––2021–Portfolio page
Show all 17 operations
Q4––2021–Portfolio page
Rock Content––2021–Portfolio page
Rubikloud––2021–Portfolio page
Sensibill––2021–Portfolio page
Sportlogiq––2021–Portfolio page
ThinkData Works Inc.––2021–Portfolio page
Upchain––2021–Portfolio page

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