Founded by Geoffrey W. Smith, Ascent Biomedical Ventures focuses on investing in companies developing medical devices, biopharmaceuticals, healthcare services, and information technology. They have made 14 investments to date, with their most recent investment being $11M in PeerBridge Health. The firm has had five successful exits, including eCaring, Spinal Kinetics, and Cara Therapeutics. Their portfolio also includes companies like Covagen, Xlumena, and Coferon. Ascent Biomedical Ventures works closely with entrepreneurs to manage risks associated with startup investments, and their investments are primarily concentrated in the USA.