HSCM offers Ascend $250mn financing as InsurTech raises $30mn equity
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HSCM offers Ascend $250mn financing as InsurTech raises $30mn equity

Martha Muir
27 January 2022
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InsurTech Ascend has raised $30mn in Series A equity funding from multiple investors, along with a $250mn lending commitment from Hudson Structured Capital Management (HSCM) to finance insurance premium loans.

HSCM also participated in the fundraise for the platform, which brought Ascend's total funding to $39mn.

Other investors in the equity funding round were Distributed Ventures and its anchor limited partner NFP, XYZ Ventures and a series of strategic...

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Martha Muir
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