Ascendx Secures £83M in Early VC Round
Deal News | May 16, 2025 | UK Tech Funding
In the past week, UK tech companies collectively secured £230.8m through various funding rounds, a significant increase of 291% compared to the previous week. Key participants in this investment surge include Ascendx, Zopa, and Space Forge. Ascendx, a newly founded London-based CRM provider, raised £83M in an early VC round led by Osprey Investors and Columbia Lake Partners. Zopa, a well-established fintech company known for its challenger banking services, secured £80M through an additional tier 1 capital investment from International Securities Market investors. Meanwhile, Space Forge, a Cardiff-based space tech firm, gained £22.6M in a Series A funding round. These investments highlight the robust growth and diversification within the UK's tech sector.
Sectors
- SaaS
- Fintech
- Space Tech
Geography
- United Kingdom – The article focuses on tech funding within the UK, highlighting investments in UK-based tech companies.
Industry
- SaaS – Ascendx operates as a Salesforce-based CRM provider, making it part of the Software as a Service (SaaS) industry.
- Fintech – Zopa, a challenger bank, belongs to the financial technology sector, focusing on innovative banking solutions.
- Space Tech – Space Forge is involved in the space technology industry, contributing to advancements in satellite manufacturing.
Financials
- £83M – Funding amount secured by Ascendx in an early VC round.
- £80M – Additional tier 1 capital raised by Zopa.
- £22.6M – Series A funding raised by Space Forge.
- £230.8M – Total investment in UK tech companies for the week 12 May to 16 May.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ascendx | Target company | Company | A newly founded Salesforce-based CRM provider that secured £83M in funding. |
| Zopa | Target company | Company | A challenger bank known for peer-to-peer lending and current account offerings, raised £80M. |
| Space Forge | Target company | Company | A space tech firm based in Cardiff that secured £22.6M in a Series A round. |
| Osprey Investors | Investor | Company | Participated in Ascendx's £83M funding round. |
| Columbia Lake Partners | Investor | Company | Participated in Ascendx's £83M funding round. |
| International Securities Market investors | Investor | Company | Contributed £80M additional tier 1 capital to Zopa. |