Xtremepush Secures €12 Million in New Financing for Growth and Acquisitions
Xtremepush, a provider of AI-powered Customer Relationship Management (CRM) and gamification technology, has secured €12 million in new financing. The capital was provided by long-term investment partner AshGrove Capital through a flexible debt facility. The funding is intended to accelerate Xtremepush’s aggressive growth and acquisition strategy across its target markets.
AshGrove Investment Boosts Growth Strategy
AshGrove Capital, a European firm specializing in B2B software companies, provided the debt facility. The investment marks the latest phase of a five-year partnership between the two companies. Funds will be directed toward scaling operations, advancing Research and Development (R&D) initiatives, and expanding the firm’s international footprint. Xtremepush aims to broaden its presence in regulated sectors such as financial services, e-commerce, and publishing.
Tommy Kearns, CEO and co-founder at Xtremepush, confirmed the company’s intent to pursue acquisitions immediately. “AshGrove Capital has been a hugely supportive partner… and this latest financing commitment will help us realise our ambitious growth strategy and will accelerate our acquisition plans in the very near future,” Kearns stated. He described the backing as a “major vote of confidence” in the company’s technology and leadership.
CRM Platform Cited for Compliance and Value
Jonathon Ferguson, Co-Founder and Partner of AshGrove Capital, praised Xtremepush’s position in the market. “Xtremepush are one of very few innovators in the CRM space, consistently raising the bar and demonstrating value to its partners,” Ferguson said.
He described the investment as a “testament” to AshGrove’s belief in the company’s growth strategy and leadership. Ferguson highlighted the platform’s ability to help regulated businesses deliver compliant, tailored communications at scale. The new capital is specifically positioned to help the firm scale its operations and become a leader in CRM across various regulated sectors.
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