Ascendx Cloud, a London, UK-based provider of an enterprise-grade CRM SaaS solutions, raised $110M in funding.
The round was led by Osprey Investors and Columbia Lake Partners.
The fundraise consisted of a $60M equity and $50M debt financing This round also included angel investors Charles Delingpole, founder of ComplyAdvantage, Sujay Tyle, founder of Merama, Chris North former CEO of Shutterfly and Amazon UK and Malte Janzarik, former Head of TPG Europe.
The company intends to use the funds to further develop its solutions, expand to new product categories through strategic acquisitions.
Founded in August 2023 by Ufuk Civilo, Ascendx Cloud is a provider of enterprise-grade CRM solutions, helping businesses generate value from their CRM data. In 2024, the company grew its revenue c.300%. Most recently, the company acquired US-based CapStorm, a Salesforce secure data control and management app, to expand its AI capabilities. It already serves Fortune 500 companies across banking, manufacturing and life sciences.
The company recently added Gavin Patterson, former President and CRO of Salesforce, and Pullen Daniel, co-founder of nCino to its Board.
FinSMEs