Investing Profile

Matt Fates

VCAngelInvestor

Active investor in B2B Tech (both Angel & VC)

ascentvp.comBoston / New England
Photo of Matt Fates, General Partner at Ascent Venture Partners

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Yale University Network
88 CONNECTIONS
Norwest Venture Partners Network
26 CONNECTIONS
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Ascent Venture Partners General Partner
$2.0M - $5.0M
$4.0M
10
$71.1M
CompanyStageDateRound SizeTotal Raised
Connected2Fiber
Series AJan 2018$8M
$9.1M
Co-investors: Dominic Endicott (Nauta Capital)
Promoboxx
Series ASep 2016$8.2M
$10.165M
Co-investors: Rich Greenfield (LightShed Ventures), Peter Bordes, Dave Balter, Walter Winshall
Pwnie Express
Series BMay 2016$12.9M
$18M
Co-investors: Maria Cirino (.406 Ventures)
Perspecsys
Series BMay 2013$12M
$12M
HubCast
Series BSep 2012$4.4M
Series ANov 2007$8.1M
$12.5M
StrikeIron
Venture RoundMay 2010$2.3M
Series CMar 2007$5M
$7.3M
Interactive Supercomputing
Series BOct 2007$11M
$11M
Terascala
Series AMar 2007$3M
$3M
At Ascent, we invest in early revenue companies ($500k - $5M) in enterprise IT sectors such as analytics, IoT, SaaS, Security etc. Check size is $2M - $5M initially, with similar reserves for follow on support. We lead or co-lead Series A and Series B rounds. We invest in a small number of companies so we can work closely with management teams. This also means HQ needs to be in the northeast US or eastern Canada, but we have worked with companies that started in Europe or Israel.
We do not do seed investments, though welcome meeting companies at that stage and tracking them. We do not invest outside of enterprise IT sectors (ie. no consumer, no healthcare of life science, no energy etc.) We have backed over 100 companies since 1985 in the early stage enterprise IT sector. That is what we know and where we bring most value.
General Partner Ascent Venture Partners2002 - Present
Associate Norwest Venture Partners1998 - 2000
Yale University BA
The Tuck School of Business at Dartmouth MBA