Ascendx Cloud, a London-based provider of enterprise-grade CRM Software as a Service (SaaS) solutions, has announced raising £82 million in funding. The investment will be used to scale its suite of applications and expand its US team, with the aim of helping more large enterprises leverage their CRM data as they integrate artificial intelligence.

The funding round for Ascendx Cloud comprises £45 million in equity and £37 million in debt financing, marking it as one of the largest growth-stage investments in the Customer Relationship Management (CRM) sector to date. The round was led by Osprey Investors and Columbia Lake Partners, and also attracted investment from a range of angel investors.

Ufuk Civilo, CEO and co-founder of Ascendx Cloud, commented: “AI is redefining the enterprise software stack and CRM is at the heart of that transformation. With data complexity continually growing, legacy CRM systems are buckling under the pressure to increase the value and productivity for organisations and deliver solid intelligence. This investment is a pivotal milestone in enabling us to better support the world’s largest organisations with the most complex workflows to move faster, smarter and at scale.”

The company specialises in providing enterprise-grade CRM solutions, with a focus on helping businesses “unlock 10x the value from their CRM data”. It currently serves over 500 enterprise customers with its industry-specific solutions, which are designed to enhance data and experiences on CRM data platforms such as Salesforce, ServiceNow and Snowflake.

This funding follows a successful year in 2024, during which Ascendx Cloud experienced revenue growth of approximately 300 per cent. The company also recently acquired CapStorm, a US-based application focused on secure data control and management for Salesforce.

Image source: Ascendx Cloud