# Ascendo Ventures

> Ascendo Ventures is a VC fund backing E-Commerce and Information Technology. See 42 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Seoul, South Korea
- Total investments: 42
- Last investment: Aug 2026
- Lead investor: 17%
- Fund size: $33M
- Last fund: Nov 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/13639056/
- Website: http://www.ascendovc.com

Ascendo Ventures is an early stage venture capital fund based in Seoul, South Korea. Through its strong relationships with Korean R&D hubs and the startup ecosystem, Ascendo has early access to source and engage top tier startups, with the primary objective of accelerating growth via cross-border business development.

## Contacts

5 contacts available for Ascendo Ventures. Shizune tracks 1 team members at Ascendo Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ascendo-ventures-llc?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $443k–$5M |
| Series A | $2.8k–$7.7M |
| Series B | $3.6M–$21M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 6 | 14% |
| Information Technology | 5 | 12% |
| Medical | 3 | 7% |
| Software | 3 | 7% |
| Lifestyle | 3 | 7% |

77 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 15 | 36% |
| Series A | 9 | 21% |
| Series B | 6 | 14% |
| Series C | 2 | 5% |
| Funding Round | 1 | 2% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Korea | 29 | 69% |
| United States | 3 | 7% |
| Taiwan | 1 | 2% |
| Vietnam | 1 | 2% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aaron Dongsuk Shin | Managing Director, CEO, Co-founder | 6 | https://shizune.co/investors/profile/aaron-dongsuk-shin |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Awexome Ray | Awexome Ray is a company that manufactures next-generation X-ray generator. | $5.3M | Series B | Aug 10, 2026 |  |
| ASET | ASET is a technology-based startup developing all-solid-state, composite electrolyte membrane technology that simultaneously improves fire safety and energy density. | $2.1M | Seed | Sep 24, 2025 |  |
| A.drop | A.drop is an advertising solution that effectively leverages first-party (1P) in-app data from both web and mobile app developers to deliver highly personalized and targeted marketing campaigns, driving better engagement, higher conversion rates, and improved return on investment (ROI). | $1.5M | Seed | Sep 03, 2025 |  |
| Reset Company | Reset Company specializes in building sustainable energy production and resource circulation ecosystems. | $3.6M | Series B | Jul 07, 2025 |  |
| TEN Inc | TEN Inc. provides an MLops platform (AI workload orchestration) for efficient operation of AI infrastructure. | $5.8M | Venture - Series Unknown | May 21, 2025 |  |
| Ten | TEN is an AI Infrastructure Solution Company that provides tools designed to reduce technological barriers, thereby enabling even those without a development background to access AI. Leveraging its technology for optimizing GPU-centric infrastructure utilization, Ten is playing a significant role in laying the groundwork for AI adoption acrossdiverse industries. The company's flagship product, AI Pub, facilitates flexible and efficient infrastructure operations by allowing a single GPU to be divided or multiple GPUs to be combined based on the workload and operating environment. This innovative technology is essential for expediting corporate AI development while simultaneously lowering costs. Ten boasts a tailored infrastructure configuration system that utilizes experimental data to automatically suggest the most appropriate computing resources in accordance with the characteristics and intended use of AI models. This capability for empirical analysis in model-resource matching is garnering attention as a unique competitive advantage within the industry, positioning Ten as a preferred choice for both companies currently engaged in AI and those contemplating its adoption. | $5.7M | Series A | May 16, 2025 |  |
| Aldavar | ALDAVER provides incredibly realistic personalized surgical training models using innovative biopolymer materials that closely resemble human tissues and 3D printing technology. | $7.7M | Series A | Dec 07, 2024 |  |
| H Energy | H Energy provides optimal operation of distributed resources and power brokerage services. | $29.8M | Series C | Oct 07, 2024 |  |
| Ugly Lab | Ugly Lab is a waste-tech startup that provides subscription-based waste collection services and consulting. | $1.9M | Seed | Aug 20, 2024 |  |
| Innohas | Innohas is a food tech startup that specializes in developing plant-based meat alternatives. This company significantly contributes to improving animal welfare and reducing carbon emissions by replacing all raw materials with plant-based ingredients. Moreover, it advocates for health welfare through collaborations with schools and institutions tocreate plant-based menu options. In addition, it participates in carbon reduction efforts by utilizing high-performance equipment equipped with high-efficiency inverters and motors. |  | Series A | Jul 02, 2024 |  |

10 of 42 investments shown.

## Co-investors
- [Smilegate Investment](https://shizune.co/investors/profile/smilegate-investment) — VC Fund, 4 deals together
- [Korea Development Bank](https://shizune.co/investors/profile/kdb-industrial-bank) — VC Fund, 3 deals together
- [Korea Development Bank](https://shizune.co/investors/profile/korean-development-bank) — VC Fund, 3 deals together
- [PChome](https://shizune.co/investors/profile/pchome) — VC Fund, 3 deals together
- [SL Investment](https://shizune.co/investors/profile/sl-investment) — VC Fund, 3 deals together
- [305 Ventures](https://shizune.co/investors/profile/305-ventures) — VC Fund, 2 deals together

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## FAQ

### What does Ascendo Ventures invest in?

Ascendo Ventures invests primarily in E-Commerce, Information Technology and Medical startups, most often at Seed and Series A stage. Most of the 42 investments tracked by Shizune back companies in South Korea. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ascendo Ventures's check size?

Ascendo Ventures typically joins rounds of $443k–$5M at Seed, $2.8k–$7.7M at Series A and $3.6M–$21M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ascendo Ventures participates in.

### How do I contact Ascendo Ventures?

Public channels for Ascendo Ventures include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Ascendo Ventures?

The team at Ascendo Ventures includes Aaron Dongsuk Shin (Managing Director, CEO, Co-founder). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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