Ascension Ventures, Fair By Design, and its portfolio companies take home three wins and several nominations from the 2019 UKBAA Angel Investment Awards
- Ascension Venture Partner, Vin Murria OBE, wins Angel Investor of the Year and Best Woman-led Investment in Innovation
- Ascension portfolio company, Moteefe, wins Best Scale Up Team of the Year
- Ascension’s impact fund, Fair By Design (FBD), nominated Best New Entrant to the EcoSystem
- FBD portfolio company, Wagestream, nominated Best Investment in Disruptive Tech and Best Investment in FinTech
- FBD portfolio company, We Are Digital, nominated Co-investment Deal of the Year, backed by ClearlySo Angels, Wayra, Si2 Fund, Triple Point & Fair By Design
LONDON, ENGLAND – 3 July 2019 – Ascension Ventures, the London-based investment firm, had an eventful evening at the annual UKBAA Angel Investment Awards. Throughout the ceremony and black-tie gala dinner, 15 awards were presented to acknowledge the UK’s standout angels, crowdfunders, early-stage VC’s, and the innovators they back.
Ascension Venture Partner, Vin Murria OBE, was awarded Angel Investor of the Year, alongside Cambridge serial entrepreneur and funder, Sunil Shah. The award recognises the most active and impactful angel investor in backing start-up and early-stage UK businesses during the past 12 months and who has brought not only vital risk capital, but also significant added value to support the growth and success of their portfolio. She was also awarded Best Woman-led Investment in Innovation alongside Joo Hee lee for their investment in TAINA, playing a critical role in providing support to the founder, Maria Scott, with advice on hiring, growing and strategic direction and linking to further investment.
Vin’s career has included a combination of VC, PE and CEO experience, centred around 20 years of M&A in the software sector. Vin founded Advanced Computer Software in 2008, which was acquired by Vista Private Equity for £765m in 2015, and is currently a non-executive director at FTSE250 Sophos Plc and Softcat Plc, and a Senior advisor at NM Rothschilds. Vin is an active angel investor, including recent investments in TAINA, XCD, finnCap, and funds via Ascension Ventures and Elderstreet Investments.
Ascension portfolio company, Moteefe, was awarded Best Scale Up Team of the Year, going from £10k revenue a month to £3.4m a month within 3 years. The Award recognises the most active and dynamic entrepreneurial team that has shown strong leadership and teamwork in using investment to achieve successful scale-up of their innovative high growth potential business. Moteefe is a social commerce platform providing a solution for users to sell customised products through social media, and has seen significant growth across the team, build-out of multiple platforms, and notable partnerships in the past year.
Additional nominations included Ascension’s social impact fund, Fair By Design (FBD), for Best New Entrant to the EcoSystem, FBD portfolio companies, Wagestream and We Are Digital, for Best Investment in Disruptive Tech and Best Investment in FinTech, and Co-investment Deal of the Year, respectively. Ascension’s solicitors, Harper James Solicitors, were also finalists for Best Legal Team for Early Stage Deals.
About Ascension Ventures
Ascension Ventures backs exceptional entrepreneurs with big visions by providing capital, access to its network, and expert mentors to grow scalable businesses. Our focus is on supporting UK businesses from Seed to Series A. Venture capital in tech and digital media is constantly evolving and requires a specialist approach and extensive sector insight to identify and progress innovative enterprises. Since 2013, we have invested in 75+ early-stage tech companies. We have a rigorous investment evaluation process and are highly selective in putting forward opportunities for investment from our funds.
About Fair By Design
The biggest irony of poverty is that being poor is more expensive than being financially secure. Around 10 million people in the UK have no choice but to pay extra for essential goods and services like heating, loans and insurance. If they can’t pay, many of them will end up going without. This is the Poverty Premium, and it makes getting out of poverty almost impossible. Fair By Design (FBD) is working with businesses, regulators and politicians to end the extra costs of being poor.
Fair By Design is a movement dedicated to ending the Poverty Premium: our Campaign works with businesses, government, and regulators to design out the Poverty Premium. Our Venture Fund provides capital to help grow innovative ventures developing products that make markets fairer.
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