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§ Private Profile · Eden Prairie, MN, USA
Cloud-based HCM and payroll software for mid-market businesses, automating core HR processes and workforce management
Ascentis is an Eden Prairie, Minnesota-based software company that provides cloud-based human capital management and integrated payroll solutions for mid-market businesses. Operating through a business-to-business software-as-a-service subscription model, the platform automates core human resources processes including time and attendance, recruiting, talent management, and benefits administration. Prior to its strategic acquisition, the enterprise scaled its operations to support nearly 5,000 customer organizations and maintained a dedicated workforce of over 400 employees. The company's growth was historically backed by major private equity and venture capital firms, including majority recapitalization lead Summit Partners, alongside Catalyst Investors and JMI Equity. In March 2022, the human resources software giant UKG acquired the business to expand its footprint within the mid-market sector and integrate the platform into its broader corporate ecosystem. Ascentis was originally founded in 1980 as an independent software provider.
Ascentis has raised $7.0M across 1 funding round.
Ascentis has raised $7.0M in total across 1 funding round.
Ascentis has raised $7.0M in total across 1 funding round.
Ascentis's investors include Catalyst Investors, Palm Ventures.
Ascentis has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Series C in January 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 22, 2015 | $7M Series C | Catalyst Investors | Palm Ventures | Announced |