Investing Profile

Matt Fates0

VC

http://www.ascentvp.comBoston / New England
Photo of Matt Fates, General Partner at Ascent Venture Partners
Yale University Network
80 CONNECTIONS
Norwest Venture Partners Network
20 CONNECTIONS
cb
Ascent Venture Partners General Partner
$2.0M - $5.0M
$4.0M
12
$71.1M
CompanyStageDateRound SizeTotal Raised
Series AJan 2018$8M
$9.1M
Co-investors: Dominic Endicott (Nauta Capital)
Series ASep 2016$8.2M
$10.165M
Co-investors: Peter Bordes, Dave Balter, Walter Winshall
Series BMay 2016$12.9M
$18M
Co-investors: Maria Cirino (.406 Ventures)
Venture RoundNov 2013
Series BApr 2012$14M
Series AMar 2007$3M
$17M
Series BMay 2013$12M
$12M
Series BSep 2012$4.4M
Series ANov 2007$8.1M
$12.5M
Venture RoundMay 2010$2.3M
Series CMar 2007$5M
$7.3M
Series BOct 2007$11M
$11M
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