Recent Funding
Investors
First Ascent Ventures

First Ascent Ventures portfolio

First Ascent Ventures has 2 portfolio companies on record at Recent Funding.

Website: firstascentventures.com.

Type: Venture capital.

Portfolio on Recent Funding: 2.

Deals, last 12 months: 0.

Capital in their rounds: $122M.

Latest deal: Sama · Nov 3, 2021.

About this page

It is a venture capital firm based in Toronto, CA, founded in 2015. Its most recent investment on record is Sama's $70M Series B+ round in November 2021, alongside La Caisse, Vistara Growth and Salesforce Ventures. By category, its portfolio leans toward Education (1) and Sales and marketing (1). It has co-invested with Greenspring Associates, Volition Capital and Business Development Bank of Canada, most often Greenspring Associates (2 rounds).

About First Ascent Ventures

Firm type: Venture capital.

Headquarters: Toronto, CA.

Founded: 2015.

Stages: Series A, Series B, Growth, Late Stage.

Sectors: AI & Machine Learning, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Enterprise Software, Fintech, Hardware, Healthtech, IoT, PropTech, SaaS.

Check size: $3.65M to $7.3M.

Leads rounds: Yes.

Portfolio companies: 3.

Exits: 0.

Rounds led: 0.

What First Ascent Ventures invests in

Education · 1 · 50%
Sales and marketing · 1 · 50%
Legal and compliance · 1 · 50%
Data and analytics · 1 · 50%

First Ascent Ventures recent investments

Company	Round	Date	Alongside
SSama	Series B+ · $70M	Nov 3, 2021	La Caisse (lead), Vistara Growth, Salesforce Ventures
AAssent	Series B+ · $32M	Jul 1, 2017	Business Development Bank of Canada, National Research Council of Canada Industrial Research Assistance Program, Greenspring Associates (lead) +2
AAssent	Series A · $20M	May 1, 2016	Business Development Bank of Canada, National Research Council of Canada Industrial Research Assistance Program, Greenspring Associates +2

How First Ascent Ventures invests

Stage	Deals	Capital in rounds
Series B+	2 67%	$102M
Series A	1 33%	$20M

Year	Deals	Capital in rounds
2016	1 33%	$20M
2017	1 33%	$32M
2021	1 33%	$70M

First Ascent Ventures portfolio companies

SSama$70MSeries B+ · Nov 2021
AAssent$32MSeries B+ · Jul 2017

Company	Round with First Ascent Ventures	Total raised	Latest raise
SSama Education	Nov 3, 2021 Series B+ · $70M	$70M	Nov 3, 2021 Series B+
AAssent Sales and marketing	Jul 1, 2017 Series B+ · $32M	$52M	Jan 6, 2022 round

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Education).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 3 rounds on Recent Funding that name First Ascent Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists First Ascent Ventures, which is a subset of its real portfolio. API: /api/v1/investors/first-ascent-ventures (get a free API key). More: the most active VC firms and new venture capital funds.