Matt Fates
Ascent Venture Partners General Partner
location
Boston / New England
investment range
$2.0m - $5.0m
sweet spot
$4.0m
most interested in
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.not interested in
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.Matt Fates's Past Investments (12)
| Company | Deal Type | Amount | Date | |
|---|---|---|---|---|
| Connected2Fiber | Series A | $8M (Lead) | Jan 2018 | |
| Promoboxx | Series A | $8.2M (Lead) | Sep 2016 | |
| Pwnie Express | Series B | $12.9M (Lead) | May 2016 | |
| Terascala | Venture Round | Nov 2013 | ||
| Perspecsys | Series B | $12M (Lead) | May 2013 | |
| HubCast | Series B | $4.4M (Lead) | Sep 2012 | |
| Terascala | Series B | $14M (Lead) | Apr 2012 | |
| StrikeIron | Venture Round | $2.3M | May 2010 | |
| HubCast | Series A | $8.1M (Lead) | Nov 2007 | |
| Interactive Supercomputing | Series B | $11M | Oct 2007 |
Matt Fates's Experience
General Partner Ascent Venture Partners2002 - Present
Associate Norwest Venture Partners1998 - 2000
Matt Fates's Education
Yale University BA
The Tuck School of Business at Dartmouth MBA
