Ascend raises $30mn in Series A round, secures $250mn lending commitment
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Ascend raises $30mn in Series A round, secures $250mn lending commitment

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New York-based Insurance payments platform Ascend has raised $30mn in a Series A round led by venture capital firm Index Ventures, bringing its total funding to $39mn, along with $250mn in debt financing from Hudson Structured Capital Management.

Other investors in the equity funding round were Distributed Ventures and its anchor limited partner NFP, HSCM Bermuda, XYZ Ventures and a series of strategic angel investors including CRC president Garret Koehn, Marsh former CFO Courtney Leimkulher and venture...

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