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Ascensive Assets

Asia, Seoul-t'ukpyolsi, South Korea, Seoul

Description

Ascensive Assets is a prominent private investment firm based in Seoul, South Korea, exclusively dedicated to the burgeoning digital assets industry. Established as a multi-strategy fund, the firm primarily focuses on early-stage blockchain projects, encompassing a broad spectrum of the Web3 ecosystem. Their investment mandate spans decentralized finance (DeFi), GameFi, non-fungible tokens (NFTs), and foundational Web3 infrastructure, demonstrating a comprehensive approach to the evolving digital economy. Ascensive Assets positions itself as a strategic partner, leveraging its deep understanding of the crypto landscape to identify and support innovative ventures globally.

The firm's investment philosophy centers on identifying disruptive technologies and protocols that aim to redefine digital ownership, financial systems, and online interactions. While headquartered in Asia, Ascensive Assets maintains a global outlook, actively participating in funding rounds for projects across North America, Europe, and other key innovation hubs. Their "multi-strategy" approach suggests flexibility in investment vehicles, potentially including venture equity, token purchases, and other structured investments tailored to the unique nature of digital asset companies. This allows them to engage with projects from their nascent stages, providing crucial early capital and strategic guidance.

Ascensive Assets boasts a robust and diverse portfolio, reflecting its commitment to pioneering projects within the digital asset space. As of early 2024, the firm has made over 100 investments, showcasing its prolific activity in the market. Notable investments include participation in significant funding rounds for industry leaders such as LayerZero, which secured a $120 million Series B round, and Celestia, which raised $55 million in its Series A. Other key portfolio companies include Manta Network and Synapse, underscoring Ascensive Assets' role in backing foundational and high-growth protocols. Their consistent presence in major funding rounds highlights their influence and commitment to fostering the next generation of Web3 innovation.

Investor Profile

Ascensive Assets has backed more than 44 startups, with 0 new investments in the last 12 months alone. The firm has led 8 rounds, about 18% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, Hong Kong.
  • Strong thematic focus on Blockchain, Cryptocurrency, Financial Services.

Stage Focus

  • Seed (75%)
  • Series Unknown (9%)
  • Series A (7%)
  • Pre Seed (5%)
  • Private Equity (2%)
  • Initial Coin Offering (2%)

Country Focus

  • United States (27%)
  • Singapore (23%)
  • Hong Kong (5%)
  • Australia (5%)
  • Philippines (5%)
  • United Kingdom (5%)
  • Brazil (5%)
  • Turkey (5%)
  • Cayman Islands (2%)
  • Canada (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Web3
  • Gaming
  • Fintech
  • Metaverse
  • Software
  • Video Games
  • Finance
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Ascensive Assets frequently co-invest with?

SkyVision Capital
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 6
Yield Guild Games
North America, New York, United States, New York
Co-Investments: 6
Arrington XRP Capital
North America, Washington, United States, Seattle
Co-Investments: 7
Skynet Trading
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 8
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 9
Morningstar Ventures
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 13
Genblock Capital
North America, California, United States, San Francisco
Co-Investments: 6
The Spartan Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 7
D1 Ventures
Asia, Beijing, China, Beijing
Co-Investments: 5
Mechanism Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 10

Which angels does Ascensive Assets often collaborate with?

Shared Deals: 4
AD
North America, California, United States, San Francisco
Shared Deals: 1
SK
Europe, England, United Kingdom, London
Shared Deals: 2
Kain Warwick
Oceania, New South Wales, Australia, Sydney
Shared Deals: 2
SR
Europe, Monaco
Shared Deals: 2
SG
Europe, Berlin, Germany, Berlin
Shared Deals: 2
DD
North America, Florida, United States, Land O Lakes
Shared Deals: 1
SB
North America, California, United States, San Francisco
Shared Deals: 2
RM
North America, California, United States, San Francisco
Shared Deals: 2
IP
North America, California, United States, Mountain View
Shared Deals: 1

What are some of recent deals done by Ascensive Assets?

Switchboard

Tallahassee, Florida, United States

Switchboard allows developers to publish data on-chain by creating data feeds from API.

BlockchainDeveloper APIs
Series AMay 28, 2024
Amount Raised: $7,500,000
StripChain

Miami Beach, Florida, United States

Stripchain is an intent-based interoperability standard that enables chain abstraction.

BlockchainCryptocurrency
Series UnknownMay 22, 2024
Amount Raised: $10,000,000
Nest Wallet

San Francisco, California, United States

Nest Wallet is a wallet specifically designed for traders.

Financial ServicesFinTechTrading Platform
SeedFeb 20, 2024
Amount Raised: $3,600,000
zkLink

Singapore, Central Region, Singapore

zkLink is a platform that provides application-specific scaling solutions with aggregated liquidity for zk-applications.

BlockchainCryptocurrencyFinancial Services
SeedMay 4, 2023
Amount Raised: $10,000,000
Optix

Washington, District of Columbia, United States

Optix is ​​a multi-chain option protocol service provider.

BlockchainCryptocurrencyTrading Platform
Series UnknownFeb 23, 2023
Amount Raised: $1,800,000
Rysk Finance

San Francisco, California, United States

Rysk Finance is a derivatives decentralized market maker.

Decentralized Finance (DeFi)FinanceFinTech
Pre SeedJan 31, 2023
Amount Raised: $1,400,000
Envio

London, England, United Kingdom

Modern Blockchain Indexer | 3-Command Init-Develop-Deploy | Fully Customizable | By Builders. For Builders.

BlockchainDeveloper PlatformDeveloper ToolsInfrastructureProductivity ToolsWeb3
SeedJan 1, 2023
Amount Raised: $5,000,000
MetaverseGo

Manila, Manila, Philippines

MetaverseGo is a web 3.0 app that offers easy access to play and earn games, guilds, NFTs, and decentralized applications.

AppsDigital EntertainmentGamingInformation TechnologyMetaverseMobile
SeedAug 8, 2022
Amount Raised: $4,200,000
Blocklords

Shanghai, Shanghai, China

Blocklords is a team of gamers ourselves, we love creating memorable experiences that can be shared together with others.

ComputerGamingVideo Games
SeedMay 25, 2022
Amount Raised: $15,000,000
Encode Club

London, England, United Kingdom

Encode Club is a blockchain education platform that aims to educate the future generation of blockchain professionals.

BlockchainCryptocurrencyE-LearningEdTech
SeedMay 17, 2022
Amount Raised: $5,000,000