Ascendx Cloud, a London, UK-based enterprise software company providing AI-driven CRM solutions, has raised $110 million in growth-stage funding.
Investors
The round was led by Osprey Investors and Columbia Lake Partners, with participation from notable angel investors including Charles Delingpole, Sujay Tyle, Chris North, and Malte Janzarik.
Osprey Investors Limited is a UK-based private equity firm founded in 2023. The firm invests in software and technology-driven businesses, particularly in the B2B software, payments, and tech-enabled services sectors.
Columbia Lake Partners (CLP) is a London-based venture debt firm that provides growth loans to European technology companies. Established in 2014, CLP has committed over $500 million to more than 70 companies, offering an alternative to traditional equity financing by providing less dilutive capital solutions.
Ascendx Cloud Use of Funds
The company will use the funding to support its expansion in the US, strategic acquisitions, and the continued development of its AI CRM application suite.
About Ascendx Cloud
Founded in 2023 by Ufuk Civilo, James Lumb, and Bertan Ilbak, Ascendx Cloud provides a suite of salesforce solutions designed to improve various aspects of CRM operations. The company focuses on enhancing customer relationship management (CRM) systems through AI-driven automation, data integration, and workflow optimization. Their solutions help large organizations streamline sales, service, and operations by transforming CRM data into actionable insights and efficient processes. Ascendx Cloud serves over 500 large organizations, including Fortune 500 companies like Verizon, Johnson & Johnson, and Citi.
Funding Details
Company: Ascendx Cloud Ltd.
Raised: $110.0M
Round: Growth-stage
Funding Date: May 2025
Lead Investors: Osprey Investors, Columbia Lake Partners
Additional Investors: Charles Delingpole, Sujay Tyle, Chris North, Malte Janzarik
Company Website: https://ascendx.cloud/
Software Category: Enterprise CRM /Salesforce Solutions
Source: https://techfundingnews.com/enterprise-crm-data-ascend-cloud-ai-funding/