AshGrove Capital is an investment firm that deployed capital from its €650m Specialty Lending Fund II into Amplience.
Portfolio
2
companies
Amplience
Amplience operates a headless content management platform for e-commerce brands and retailers.
Cushon
Cushon operates a workplace savings and pensions platform focused on mobile access and sustainable investments.
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
AshGrove Capital has provided £32m to back the headless content management platform.
"This funding will help support our growth and fuel further investment in our platform, product roadmap, and most importantly, in delivering enhanced value to our customers. By strengthening our ability to meet their evolving needs, we aim to deepen our partnerships and support their success."
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."
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."
