United States · Who invested in Ascend Wellness?
Ascend Wellness's investors include B Capital, Poseidon Asset Management, Salveo Capital, JM10 and Shire Capital Advisors.
2019202020212022202320242025
$40MRound$55MRound$9.3MDebt
United States · Funded startup
Who invested in Ascend Wellness
Funding summaryUpdated 26 Oct 2026
$104Mraised across 3 rounds since 2018, from 3 sources
$40MRound$55MRound$9.3MDebt
- Latest round
- Debt, $9.3MSept 2025
- Biggest round
- $55MRound · Feb 2019
- Investors
- 5
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $40M Dec 2018
- Biggest round
- $55M Round · Feb 2019
- Usual gap between rounds
- 6.5 years the median of 2
The rounds
- Sept 2025
- Feb 2019Round$55M
No investor was named in the report.
Reported by NewcannabisventuresSEC filing: $28M sold, first sale Mar 2019
- Dec 2018Round$40M4 new
Poseidon Asset Management
Salveo Capital- JM10
- Shire Capital Advisors
Reported by FinSMEsSEC filing: $8.7M sold, first sale Oct 2018
Founders and team
From Ascend Wellness's own website: 1 founder, 4 on the team.
Frank PerulloFounder, President & Director
- Samuel BrillChief Executive Officer & Director
- David GacomChief Commercial Officer
- Michael McLaughlinChief Operations Officer
- Roman NemchenkoChief Financial Officer
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Round2018Round2019Debt2025
B CapitalPoseidon Asset ManagementSalveo CapitalJM10Shire Capital Advisors
B CapitalPoseidon Asset ManagementSalveo CapitalJM10Shire Capital AdvisorsEveryone who backed them
JM10no record of our own yet1round
Shire Capital Advisorsno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about Ascend Wellness
How much has Ascend Wellness raised?
Ascend Wellness has raised $104M across 3 rounds since 2018.
When did Ascend Wellness last raise?
Ascend Wellness's most recent round was a Debt of $9.3M in Sept 2025.
What was Ascend Wellness's biggest round?
Ascend Wellness's largest round on record is $55M (Undisclosed round), in Feb 2019.
Who backed Ascend Wellness first?
Ascend Wellness's first round on record, in Dec 2018, was backed by Poseidon Asset Management, Salveo Capital and JM10 and 1 others.
What stage is Ascend Wellness at?
Ascend Wellness's latest named round is a Debt, in Sept 2025.
Where is Ascend Wellness based?
Ascend Wellness is based in the United States.
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