What does Ascendx Cloud do?
Ascendx Cloud delivers enterprise-grade CRM SaaS solutions that help businesses unlock value from their customer data. The company, based in London, serves a diverse range of industries including banking, manufacturing, and life sciences, and caters to Fortune 500 clients.
How much did they raise?
The company secured $110M in funding, which included $60M in equity and $50M in debt financing. The round was led by Osprey Investors and Columbia Lake Partners, with additional participation from notable angel investors such as Charles Delingpole, Sujay Tyle, Chris North, and Malte Janzarik.
What are their plans for the money?
Ascendx Cloud aims to use the funds to further develop its CRM solutions and expand into new product categories through strategic acquisitions. This initiative is expected to enhance its product offering and strengthen its position in the competitive SaaS market.
What have they achieved so far?
The company's achievements include a remarkable 300% revenue growth in 2024 and the acquisition of CapStorm, a Salesforce secure data control and management app, to boost its AI capabilities. Additionally, strategic board appointments featuring industry veterans like Gavin Patterson and Pullen Daniel further underscore its progress.
