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Key people at AshGrove Capital.
AshGrove Capital was founded in 2019 by Jonathon Ferguson (Co-Founder and Partner) and Ilkka Rantanen (Co-Founder and Partner) and Philip Fretwell (Co-Founder and Partner).
AshGrove Capital provides tailored credit solutions, offering senior secured, non-dilutive capital for B2B software and services companies. The firm delivers flexible financing supporting growth and strategic ambitions. Its broad toolkit, including Senior/Unitranche, Senior Growth Capital, and Structured Credit, leverages deep sector understanding to craft bespoke funding solutions.
Founded in 2019 by Jonathon Ferguson, Philip Fretwell, and Ilkka Rantanen, AshGrove Capital emerged from recognizing an underserved European mid-market. The founders, with extensive private credit backgrounds, identified a need for specialized, non-dilutive financing within B2B software and services. This insight shaped their thematic investment approach, delivering flexible capital provision.
AshGrove Capital primarily serves founder-led and sponsor-backed European B2B software and services companies, targeting those with at least €5 million ARR. The firm envisions empowering these businesses, acting as a strategic partner to help them realize growth and strategic objectives. It builds lasting relationships by delivering customized capital solutions for diverse operational and expansion needs.
AshGrove Capital was founded in 2019 by Jonathon Ferguson (Co-Founder and Partner) and Ilkka Rantanen (Co-Founder and Partner) and Philip Fretwell (Co-Founder and Partner).
Key people at AshGrove Capital.
AshGrove Capital has 2 tracked investments across 2 companies. The latest tracked deal is $42.9M Other Equity in Amplience in January 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 24, 2025 | Amplience | $42.9M Other Equity | Ashgrove Capital | — |
| Jan 24, 2023 | Unifyr | $70.0M Other Equity | Investcorp | OXX, SSM Partners |
