About Ascent
Ascent was established in 2012 in London, United Kingdom, within the insurance sector. Underwriting services for various risks are handled by the company, with operations centered in London. Expertise in insurance assessment and policy management is offered to clients. Key roles are filled by Gareth Tungatt as Chief Underwriting Officer, while David Umbers served as former CEO. Focus remains on specialized underwriting solutions.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Preservation Capital Partners
(Nov 09, 2017)
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Funding Insights of Ascent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ascent
Ascent has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Preservation Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A private equity firm focused on financial services sector.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascent
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ascent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascent Comparisons
Competitors of Ascent
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ascent
When was Ascent founded?
Ascent was founded in 2012.
Where is Ascent located?
Ascent is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Ascent?
David Umbers is the current CEO of Ascent.
What does Ascent do?
Ascent was established in 2012 in London, United Kingdom, within the insurance sector. Underwriting services for various risks are handled by the company, with operations centered in London. Expertise in insurance assessment and policy management is offered to clients. Key roles are filled by Gareth Tungatt as Chief Underwriting Officer, while David Umbers served as former CEO. Focus remains on specialized underwriting solutions.
Who are Ascent's investors?
Ascent has 1 investor. Key investors include Preservation Capital Partners.
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