First Ascent Ventures is a Toronto-based venture capital firm founded in 2015 that invests in emerging Canadian technology companies building next-generation enterprise B2B software, with a focus on AI, machine learning, big data, and cloud computing.
Average disclosed round size is $37.9M (across 13 rounds with reported amounts).
Portfolio
16
Fund Size
$125M
Top Stage
Series B
Last 12 Mo
0
Team
TV
Tony van Marken
Managing Partner and Co-founder
RB
Richard Black
Managing Partner
AC
Amanda Chu
Vice President
JD
Jake Diamond
Associate
MJ
Michael Jenkins
Associate
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
16 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Forge Nano | Unknown | $40M | Apr 2025 |
 Osano | Series B | $25M | Aug 2023 |
 Connectbase | Series C | $21M | Oct 2022 |
 AndGo | Series A | — | Sep 2022 |
 Shinydocs | Unknown | $16.3M | Jan 2022 |
 Sama | Series B | $70M | Nov 2021 |
 MyGlamm | Series C | $71.3M | Jul 2021 |
 Freshtohome | Series C | $121M | Oct 2020 |
 ThinkData | Series A | $8M | Jun 2020 |
| TThinkData Works Inc. | Series A | $8M | Jun 2020 |
 ThinkData Works | Series A | $8M | Jun 2020 |
 Dialogue | Series B | — | Jun 2019 |
 Sensibill | Series B | $31.5M | — |
 Potloc | Series A | — | — |
 Thentia | Series B | $38M | — |
| PPotloc inc. | Series B | $35M | — |
Top Co-Investors
BDC Capital3 shared
Yaletown Partners3 shared
CIBC Innovation Banking2 shared
Investissement Québec2 shared
LiveOak Venture Partners1 shared
Baird1 shared
Jump Capital1 shared
Trifecta Capital1 shared
Venture Stars1 shared
Accel1 shared
Amazon.com Inc.1 shared
Bessemer Venture Partners1 shared
Iron Pillar1 shared
Investment Corporation of Dubai1 shared
Investcorp1 shared
Allana Group1 shared
Salesforce Ventures1 shared
Vistara Growth1 shared
La Caisse1 shared
Last updated: 8 September 2026