Tailored funding solutions for B2B Software and Services companies

AshGrove focuses on delivering tailored capital for small and medium sized B2B software and services companies (minimum €5 million ARR). With initial investments typically ranging from €10 million to €50 million and an ability to invest further capital over time, AshGrove provides funding to support founder-led and sponsor-backed companies looking to execute on a wide range of transaction types.

With offices in the UK and Denmark, AshGrove’s primary focus is on European-headquartered businesses with flexibility to consider opportunities in other geographies.

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  • Small and Mid-market focus

    Providing small and mid-sized companies with access to capital, based on the quality of their business model rather than business size

  • Sector specialists

    Differentiated approach enabled by deep understanding of B2B software and services drives deliverability

  • Comfortable with complexity

    Bespoke solutions to suit a range of capital needs, including organic growth, M&A roll-ups and bolt on acquisitions, carve-outs, refinancings, recapitalisations and license-maintenance to SaaS conversions

  • Support for various shareholders

    ‘Value-led’ underwriting approach with ample structuring flexibility to align with strategic objectives

We’ve been keen to bring our unique technology-led proposition to as many users as we can, as quickly as we can. This raise has the right balance of lending and equity to enable us to do just that. We are delighted to have the support of such experienced investors to help us continue on our journey.

Portfolio Company, Founder & CEO

We are delighted to partner with AshGrove. The Growth Facility has been structured in a manner which allows us to access non-dilutive funding at this important point in our growth cycle as we start generating positive operating cash flow

Portfolio Company, Founder & CEO

For Founders
For Sponsors

AshGrove product offering

Senior / Unitranche

Bespoke unitranche facilities with embedded first lien and junior secured risk in one tranche

Senior Growth Capital

Growth debt as an accretive, non-dilutive alternative to growth equity

Senior Asset-Backed

Ability to lend against “hard assets” such as receivables in specialty finance companies or esoteric hard assets

Structured Credit

Solution with equity participation as a standalone or alongside AshGrove senior secured investment

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