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.