Dealfront secures funding from AshGrove Capital for its European B2B sales intelligence expansion.
Dealfront, a B2B sales intelligence platform, has secured a €30M tailored credit facility from AshGrove Capital to fuel its growth and expansion across Europe. This strategic investment is expected to solidify Dealfront’s position as a dominant player in the DACH and Nordic regions while enabling further geographic expansion and potential strategic acquisitions.
A sales team empowered with precise, GDPR-compliant insights can target high-value leads with efficiency and accuracy. This is the promise of Dealfront’s platform, which combines cutting-edge data with user-friendly applications to transform how businesses approach B2B sales.
Tailored financing powers growth in B2B sales intelligence
Headquartered in Germany, Dealfront was formed in 2022 through the merger of Echobot and Leadfeeder, supported by €180M in equity funding from Great Hill Partners (GHP). Its platform has rapidly gained traction in the DACH and Nordic regions, thanks to its robust compliance with EU regulations and a growing demand for data-driven, ethical sales intelligence solutions.
The €30M senior secured investment from AshGrove Capital will drive Dealfront’s continued growth in these regions while supporting geographic expansion and strategic bolt-on acquisitions. “We are delighted to have AshGrove on board as a partner to Dealfront,” said Bastian Karweg, CEO of Dealfront and co-founder of Echobot. “AshGrove’s investment provides even greater firepower as we continue to grow and cement our position as the European champion in B2B sales intelligence.”
Ashgrove’s expertise adds value
This latest financing marks the fifth investment by AshGrove Specialty Lending Fund II (ASLF II), a €650M fund dedicated to providing tailored credit solutions for high-quality European B2B software and services firms.
Ben Gibson, Managing Director at AshGrove Capital, highlighted their commitment to fostering growth in this space, “AshGrove’s expertise in supporting high-growth B2B software businesses was pivotal in our selection as a partner. By tailoring a bespoke facility to meet Dealfront’s needs, we are enabling the business to accelerate its expansion across Europe and capitalise on the significant opportunities in the B2B sales intelligence market. This partnership reflects our confidence in the quality of Dealfront’s proposition and its significant growth potential. We are delighted to partner with GHP given its impressive track record, particularly in B2B sales intelligence via its realised investment in ZoomInfo.”
Chris Gaffney of GHP also praised the collaboration, noting AshGrove’s deep expertise, “As a credit provider, they bring deep in B2B software and services. Together with their strong understanding of Dealfront’s market environment, this enabled them to structure a tailored solution to support our value creation plan.”
A strategic vision for European dominance
AshGrove’s investment underscores its focus on resilient business models and sustainable growth. The firm integrates ESG principles into its lending practices, aligning with Dealfront’s vision of ethical and compliant data practices.
Dealfront’s innovative sales intelligence platform is poised to transform how businesses approach prospecting and workflow optimisation. With AshGrove’s support and GHP’s backing, the company is well-positioned to continue its trajectory towards European success in B2B SaaS solutions, driving revenue growth for clients and expanding its footprint across the continent.
This partnership not only enhances Dealfront’s growth capabilities but also reflects growing confidence in the European B2B software market, where data compliance and technological innovation are reshaping the competitive landscape.
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