Ascen
Latest round
- Seed
Last raised
- Mar 2019
Total raised
- Undisclosed
Investors
- 4
About Ascen
Ascen Inc.Ascen Inc. is a provider of EOR and AOR services, focusing on operational support for staffing agencies. Founded in 2018 in the United States by Francis Larson, the company has conducted two deals and is headquartered in the US. Francis Larson has a history of entrepreneurship, having founded other companies prior to Ascen.Ascen specializes in providing Employer of Record (EOR) and Agent of Record (AOR) services tailored for staffing agencies and organizations engaging contingent workers. Their platform addresses operational challenges, including compliant onboarding, payroll management, benefits administration, and workers' compensation insurance. Ascen's services enable integration with existing systems through an open API, facilitating advanced payroll and timesheet automation.Ascen generates revenue mainly through its EOR and AOR services targeted at staffing agencies. Their transactional structure includes fees for onboarding, payroll processing, and additional services like background checks and benefits administration. Revenue is derived from a combination of subscription models and usage-based pricing, dependent on the number of contractors or employees onboarded.In August 2025, Upwork Global Inc. agreed to acquire Ascen Inc. from Y Combinator, VentureSouq, Magic Fund, and K50 Ventures, with financial terms undisclosed. This acquisition aims to enhance Upwork's service offerings and facilitate expansion into new markets.
Who invested in Ascen
4 investors across 1 round
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Funding rounds
Seed
Mar 18, 2019
Amount
Undisclosed
Investors
Questions about Ascen
Who invested in Ascen?
Ascen has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ascen raised?
Ascen has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Ascen last raise money?
Ascen's most recent round on record is a Seed, in Mar 2019.
What does Ascen do?
Ascen is a software company.
Where is Ascen headquartered?
Ascen is headquartered in US.
Which VCs invest in companies like Ascen?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Ascen's stage. Their profiles are linked below.
VCs backing software startups at Seed
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