First Ascent Ventures

First Ascent Ventures is a Toronto-based venture capital firm, founded in 2015, with additional offices in Montreal and San Francisco. It concentrates on early-stage technology investments, primarily Series A and B rounds in enterprise B2B software and related domains such as cloud, big data, analytics, artificial intelligence and machine learning, mobility, IoT, and 5G-enabled solutions. The firm typically commits CAD 5 million to CAD 10 million per company and often takes a board seat to guide growth and strategic execution. While its origins center on Canadian technology companies, it pursues cross-border opportunities in the United States as well, leveraging its experience to help management teams achieve scale and pursue exits.

Richard Black

Co-Founder and Managing Partner

Past deals in Montreal

Dialogue Health Technologies

Series B in 2020
Dialogue Health Technologies operates a comprehensive virtual care platform that provides employee wellness and health solutions for Canadian employers. Founded in 2016 and based in Montreal, the company offers a variety of services aimed at enhancing employee engagement and health. Its platform allows employees to interact with healthcare professionals, including nurses and doctors, for support in physical and mental health. Additionally, the platform facilitates care navigation, medication delivery, and referrals to specialists. By empowering employees to take charge of their health, Dialogue Health Technologies helps businesses create a healthier workforce, leading to increased productivity and overall employee satisfaction.

Dialogue Health Technologies

Series B in 2019
Dialogue Health Technologies operates a comprehensive virtual care platform that provides employee wellness and health solutions for Canadian employers. Founded in 2016 and based in Montreal, the company offers a variety of services aimed at enhancing employee engagement and health. Its platform allows employees to interact with healthcare professionals, including nurses and doctors, for support in physical and mental health. Additionally, the platform facilitates care navigation, medication delivery, and referrals to specialists. By empowering employees to take charge of their health, Dialogue Health Technologies helps businesses create a healthier workforce, leading to increased productivity and overall employee satisfaction.

SportLogiq

Series A in 2017
SportLogiq is a Montreal-based developer of an artificial intelligence–driven sports analytics platform that analyzes games from standard broadcast footage. The system uses computer vision to track the location and actions of every player on the ice, field, or court, translating movement into actionable insights for teams, broadcasters, analysts, and fans. By turning game footage into quantitative data, the platform supports strategy development, viewer engagement, and data-informed storytelling across sports. Founded in 2014, the venture-backed company focuses on enabling organizations to understand game dynamics and enhance performance and coverage.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.