Ascent expands team with new addition

Ascent Venture Partners has hired Baiyin Zhou as a senior associate. Zhou’s background includes working at OpenView Venture Partners.

PRESS RELEASE

BOSTON, Oct. 13, 2016 /PRNewswire/ — Ascent Venture Partners, a Boston-based venture capital firm supporting B2B technology, today announced that Baiyin Zhou has joined the company as a Senior Associate. Zhou comes with six years of experience, having worked at OpenView Venture Partners and ClearSky Power & Technology Fund, both B2B technology investors with a focus on helping companies post-investment.

“Joining the Ascent family is an honor and privilege,” said Zhou. “My prior experience combined with the firm’s commitment to growing category leaders, evidenced by its smart investments and successful partnerships, makes this opportunity very exciting. I look forward to working with the team, investing in and supporting the next generation of tech companies.”

Ascent focuses on early stage B2B IT companies with an initial investment ranging from $2 million to $5 million. Its interest lies in supporting several distinct categories: data and analytics, cloud innovation, cybersecurity, mobile first and IoT.

“Our team spent five months meeting with close to 70 candidates from more than 600 applicants, through multiple rounds of interviews and discussions,” said Matt Fates, general partner at Ascent. “This process gave us real confidence and conviction regarding our top choice, and we are very excited to welcome Baiyin to our team. She brings a passion for B2B IT investing, six years of highly relevant experience, and a fresh perspective.”

Zhou’s arrival comes on the heels of Ascent’s recent investments including Pwnie Express, Codeship and Promoboxx, highlighting the company’s continued momentum and growth in the venture capital space.

To learn more about Ascent Venture Partners, visit: http://www.ascentvp.com/

About Ascent Venture Partners
Ascent Venture Partners is dedicated to investing in innovation for the enterprise. In backing more than 100 early-stage, emerging technology companies since 1985, Ascent has remained committed to its mission of partnering with exceptional entrepreneurs striving to build innovative market leaders. Ascent’s investments have yielded powerful results generating more than $10 billion in enterprise value, which speaks to the firm’s deep knowledge, experience, commitment, and networks. The Ascent investment team manages six venture funds with total commitments of more than $500 million, and is located in Boston, Mass. For more information, please visit http://www.ascentvp.com/