First Ascent Ventures (FAV) is a venture capital firm founded in 2015, specializing in early-stage investments in enterprise software companies within the information technology sector. The firm focuses on innovative solutions that leverage cloud computing, artificial intelligence (AI), machine learning, big data, 5G, mobility, blockchain, and the Internet of Things (IoT), with an additional emphasis on data privacy and security. FAV seeks outstanding entrepreneurs and management teams who value not only financial backing but also the experience and expertise of successful financial and operating executives to drive growth and achieve successful exits.

The team comprises seasoned professionals with deep experience in building and investing in significant global enterprise software companies, providing active support to scale businesses on a global stage. FAV Fund I, with $100 million, is fully invested, and FAV Fund II, with $125 million, closed in August 2021.