# Ascent Hydrogen Fund

> Ascent Hydrogen Fund is a VC fund backing Automotive and Water. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Total investments: 8
- Last investment: Apr 2025
- Lead investor: 38%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ascent-hydrogen-fund/
- Website: https://ascent-funds.com/

Ascent Hydrogen Fund is a private equity fund focusing on accelerating the energy transition.

## Contacts

5 contacts available for Ascent Hydrogen Fund. Shizune tracks 2 team members at Ascent Hydrogen Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ascent-hydrogen-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 2 | 25% |
| Water | 1 | 13% |
| Drones | 1 | 13% |
| Mineral | 1 | 13% |
| Military | 1 | 13% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 25% |
| Seed | 1 | 13% |
| Series B | 1 | 13% |
| Series C | 1 | 13% |
| Series D | 1 | 13% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 38% |
| Singapore | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Wu | Co-Founder & President | 0 | https://shizune.co/investors/profile/david-wu-85f8 |
| Mark Gordon | Co-Founder & Partner | 3 | https://shizune.co/investors/profile/mark-gordon-e275 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Forge Nano | Forge Nano develops materials engineering technologies focused on precision surface coatings and advanced battery materials. The company applies atomic layer deposition processes to modify powders at the nanoscale, enabling improvements in energy storage, semiconductor components, and industrial materials. Its offerings include coating equipmentsystems as well as engineered materials used in lithium-ion batteries and other applications. The company also supports partners with process development and integration of coating techniques into manufacturing workflows. Its work spans sectors such as electronics, energy storage, and specialty materials, where controlled surface properties influence performance and durability. | $40M | Series D | Apr 29, 2025 |  |
| Raven | Raven is a producer of green hydrogen and synthetic fuels using organic waste. They transform waste destined for landfills into environmentally friendly, efficient, and profitable clean hydrogen and Fischer-Tropsch synthetic fuels with our patented Steam/CO2 Reformer technology. Raven was in 2018 and is based in Pinedale, Wyoming. | $15M |  | Apr 02, 2024 |  |
| Raven | Raven is a producer of green hydrogen and synthetic fuels using organic waste. They transform waste destined for landfills into environmentally friendly, efficient, and profitable clean hydrogen and Fischer-Tropsch synthetic fuels with our patented Steam/CO2 Reformer technology. Raven was in 2018 and is based in Pinedale, Wyoming. | $15M | Private Equity | Apr 02, 2024 |  |
| Forge Nano | Forge Nano develops materials engineering technologies focused on precision surface coatings and advanced battery materials. The company applies atomic layer deposition processes to modify powders at the nanoscale, enabling improvements in energy storage, semiconductor components, and industrial materials. Its offerings include coating equipmentsystems as well as engineered materials used in lithium-ion batteries and other applications. The company also supports partners with process development and integration of coating techniques into manufacturing workflows. Its work spans sectors such as electronics, energy storage, and specialty materials, where controlled surface properties influence performance and durability. | $50M | Series C | May 30, 2023 |  |
| Forge Nano | Forge Nano develops materials engineering technologies focused on precision surface coatings and advanced battery materials. The company applies atomic layer deposition processes to modify powders at the nanoscale, enabling improvements in energy storage, semiconductor components, and industrial materials. Its offerings include coating equipmentsystems as well as engineered materials used in lithium-ion batteries and other applications. The company also supports partners with process development and integration of coating techniques into manufacturing workflows. Its work spans sectors such as electronics, energy storage, and specialty materials, where controlled surface properties influence performance and durability. |  | Venture - Series Unknown | Sep 13, 2022 |  |
| H3 Dynamics | H3 Dynamics develops high performance hydrogen solutions for the aerospace and defense sectorBased in Toulouse, FR, Austin, TX and Singapore, H3 Dynamics has a 16+ year cutting edge R&D track record and a pioneer in hydrogen flight. It has been evolving hydrogen-electric fuel cell systems for both airport and aerial applications, fromextending the range of small electric UAS, to powering MW-scale systems in passenger aircraft. The company is also providing on-site hydrogen production and refueling for airports and as well as for drone operators in remote locations. | $26M | Series B | Oct 15, 2021 |  |
| Raven | Raven is a producer of green hydrogen and synthetic fuels using organic waste. They transform waste destined for landfills into environmentally friendly, efficient, and profitable clean hydrogen and Fischer-Tropsch synthetic fuels with our patented Steam/CO2 Reformer technology. Raven was in 2018 and is based in Pinedale, Wyoming. | $20M | Seed | Aug 18, 2021 |  |
| Hyzon Motors | Hyzon is a global supplier of hydrogen fuel cell-powered commercial vehicles, including heavy duty trucks, buses and coaches. |  |  | Oct 09, 2020 |  |

8 of 8 investments shown.

## Co-investors
- [Chevron](https://shizune.co/investors/profile/chevron) — VC Fund, 3 deals together
- [ITOCHU Corporation](https://shizune.co/investors/profile/itochu-corporation) — VC Fund, 3 deals together
- [Audacy Ventures](https://shizune.co/investors/profile/audacy-ventures) — VC Fund, 2 deals together
- [OIC](https://shizune.co/investors/profile/oic-555d) — VC Fund, 2 deals together
- [Stellar J Corp](https://shizune.co/investors/profile/stellar-j-corp) — VC Fund, 2 deals together
- [ACA Partners](https://shizune.co/investors/profile/aca-partners-da9e) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund

## FAQ

### What does Ascent Hydrogen Fund invest in?

Ascent Hydrogen Fund invests primarily in Automotive, Water and Drones startups, most often at Funding Round and Seed stage. Most of the 8 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Ascent Hydrogen Fund?

Public channels for Ascent Hydrogen Fund 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 Ascent Hydrogen Fund?

The team at Ascent Hydrogen Fund includes David Wu (Co-Founder & President) and Mark Gordon (Co-Founder & Partner). 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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