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AC

AshGrove Capital

Venture Capital

AshGrove Capital is an independent pan-European specialty lending firm providing capital to growing businesses.

Portfolio

1

companies


Portfolio companies

C

Cushon

Cushon operates a workplace savings and pensions platform focused on mobile access and sustainable investments.


Team

Phil Fretwell

Phil Fretwell

Founding Partner

Phil is co-founder and partner at AshGrove Capital, having previously held senior roles at TPG Sixth Street Partners, Ares Management, and Barclays Investment Bank.

LinkedIn

Recent investments

Series A
£35.0M

The funding round was provided entirely by existing investors Augmentum Fintech and AshGrove Capital to support the acquisition of the Creative auto-enrolment scheme and scale operational capability.

"Our mission is to offer UK savers a convenient, climate-friendly, and great value way to save, through a combination of cutting-edge technology and socially responsible investments. Right now, workplace pensions are simply too complicated, boring, and disconnected from things people care deeply about. Cushon is here to change that, and today’s announcement is a hugely significant milestone for us. The funding will continue to fuel Cushon’s growth, enable us to scale even faster, and accelerate some exciting new features within our app."
— Ben Pollard, CEO and founder
Series A
£26.0M

Augmentum Fintech led the £6m equity raise alongside a £20m credit facility from AshGrove Capital to fund expansion and acquisitions.

"Following our entry into the pensions market last year, and launch of the world's first net zero pension, we've been keen to bring our unique technology-led proposition to as many employees 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 welcome the team at WPT to our expanding family and to have the support of such experienced investors to help us continue on our journey."
— Ben Pollard, CEO and founder