London-based Ascendx has secured $110 million in funding to improve its enterprise-grade CRM software solutions. The investment was led by Osprey Investors and Columbia Lake Partners, alongside notable angel investors. The company aims to utilize the funds to advance AI capabilities for CRM, expand its presence in the U.S. market, and execute strategic acquisitions. Significant board appointments include Gavin Patterson and Pullen Daniel, reflecting Ascendx's commitment to innovation in customer relationship management as the sector evolves.
Ascendx has raised $110 million in funding led by Osprey Investors and Columbia Lake Partners, aiming to enhance AI-driven CRM capabilities and expand its U.S. footprint.
'Weâre thrilled to support the Ascendx Cloud team toward building the worldâs leading portfolio of CRM SaaS applications,' said Thomas Weisman from Osprey Investors.
This latest funding, comprising $60M in equity and $50M in debt, signifies one of the largest growth-stage investments in the CRM sector.
Ascendx intends to utilize the new funds for strategic acquisitions and to enhance its AI-driven CRM offerings.
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