Rubicon Technology Partners, Galvanize Climate Solutions and Silversmith Capital Partners have made an investment in Ascend Analytics

Ascend Analytics

Ascend Analytics, an innovative leader at the forefront of the energy transition, offers advanced software and consulting services that capture the evolving and real-time dynamics of energy markets. Ascend’s products empower utilities, renewable developers, independent power producers, financial institutions, corporations and other energy market stakeholders to develop, finance and optimize energy assets in an increasingly complex market landscape. The company provides its customers with optimized and comprehensive decision analysis that covers everything from long-term planning to real-time operations in the electric power supply industry. The company is based in Boulder, Colorado.

The Deal

For multiple decades, Ascend’s mission has been to help its customers realize their energy transition objectives. Having now reached an inflection point in the energy transition, this investment and partnership allows Ascend to grow at the speed and scale necessary to meet the moment. Lincoln International acted as financial advisor to Rubicon Technology Partners in its investment in Ascend, along with Galvanize Climate Solutions and Silversmith Capital Partners, based on Lincoln’s expertise and track record in the energy, power and renewables software space.

Our Perspective

Matt Kessler, Lincoln International Managing Director who led the transaction, commented, “We are excited to have worked with Rubicon and Ascend on this important transaction, particularly given this is one of the first software deals focused on energy storage within the broader energy transition.”

Rubicon Technology Partners

Rubicon Technology Partners invests in enterprise software companies with proven products and talented management teams to help grow and scale their businesses. Rubicon enables companies to adapt to the changing requirements of their businesses as they grow and scale using a set of proprietary processes, best practices and a portfolio-wide engagement model. Rubicon has more than $3.8 billion in assets under management and is headquartered in Boulder, Colorado with additional offices in New Haven, Connecticut and Palo Alto, California. Rubicon’s experience, collaborative approach, capital and culture make it a compelling partner for software companies seeking to accelerate the growth, profitability and strategic value of their platform. For more information, please visit www.rubicontp.com.

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