A London-based provider of enterprise-grade CRM SaaS solutions has raised 拢82m in funding to scale its portfolio of apps and expand its US team to help more enterprise companies leverage their CRM data as they embrace AI.
The fundraise for Ascendx Cloud comprises 拢45m equity and 拢37m debt financing, making it one of the largest growth-stage investments in the CRM space to date.聽
The round was led by Osprey Investors and Columbia Lake Partners, while also attracting a mix of angel investors.
鈥淎I is redefining the enterprise software stack and CRM is at the heart of that transformation,鈥� said Ufuk Civilo, CEO and co-founder of Ascendx Cloud.聽
鈥淲ith data complexity continually growing, legacy CRM systems are buckling under the pressure to increase the value and productivity for organisations and deliver solid intelligence.聽
鈥淭his investment is a pivotal milestone in enabling us to better support the world鈥檚 largest organisations with the most complex workflows to move faster, smarter and at scale.鈥�
The company is a provider of enterprise-grade CRM solutions, helping businesses 鈥榰nlock 10x the value from their CRM data鈥�.
It now has over 500 enterprise customers using its industry-specific solutions that aim to elevate data and experiences on CRM data platforms, such as Salesforce, ServiceNow and Snowflake.
The funding comes off the back of a successful 2024 for the firm, which saw its revenue grow by around 300 per cent.
It has also recently acquired US-based Salesforce secure data control and management app CapStorm.聽
Thomas Weisman, co-founder and managing partner at Osprey Investors, added: 鈥淲e鈥檙e thrilled to continue to support the Ascendx Cloud team on their journey toward building the world鈥檚 leading portfolio of CRM SaaS applications.
鈥淲e are particularly excited about Ascendx Cloud鈥檚 growth opportunities as customer use cases evolve towards more agentic and automated CRM interactions, where Ascendx Cloud has developed a strong product positioning.鈥�
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