# Ascend Wellness funding: rounds and investors > Ascend Wellness has raised $104M across 3 rounds since 2018. Investors include B Capital, Poseidon Asset Management and Salveo Capital. Source: https://millionrounds.com/company/ascend-wellness (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Ascend Wellness* 3 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Agtech Cannabis Funding summary Updated 26 Oct 2026 **$104M** raised across 3 rounds since 2018, from 3 sources **$40M** Round **$55M** Round **$9.3M** Debt - **Latest round:** Debt, $9.3M Sept 2025 - **Biggest round:** $55M Round · Feb 2019 - **Investors:** 5 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2019 2020 2021 2022 2023 2024 2025 **$40M** Round **$55M** Round **$9.3M** Debt - **First round:** Round, $40M - **Biggest round:** $55M - **Usual gap between rounds:** 6.5 years ## The rounds - **Sept 2025** Debt **$9.3M** *1 new* [B Capital](https://millionrounds.com/fund/b-capital) Source recorded SEC filing: $50M sold, first sale May 2025 - **Feb 2019** Round **$55M** No investor was named in the report. Reported by Newcannabisventures SEC filing: $28M sold, first sale Mar 2019 - **Dec 2018** Round **$40M** *4 new* [Poseidon Asset Management](https://millionrounds.com/fund/poseidon-asset-management) [Salveo Capital](https://millionrounds.com/fund/salveo-capital) JM10 Shire Capital Advisors Reported by FinSMEs SEC filing: $8.7M sold, first sale Oct 2018 ## Founders and team From Ascend Wellness's own website: 1 founder, 4 on the team. **Frank Perullo** Founder, President & Director - **Samuel Brill** Chief Executive Officer & Director - **David Gacom** Chief Commercial Officer - **Michael McLaughlin** Chief Operations Officer - **Roman Nemchenko** Chief 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. **Round** 2018 **Round** 2019 **Debt** 2025 [B Capital](https://millionrounds.com/fund/b-capital) [Poseidon Asset Management](https://millionrounds.com/fund/poseidon-asset-management) [Salveo Capital](https://millionrounds.com/fund/salveo-capital) JM10 Shire Capital Advisors ## Everyone who backed them [B Capital](https://millionrounds.com/fund/b-capital) VC firm **1** round [Poseidon Asset Management](https://millionrounds.com/fund/poseidon-asset-management) VC firm **1** round [Salveo Capital](https://millionrounds.com/fund/salveo-capital) Private equity **1** round JM10 no record of our own yet **1** round Shire Capital Advisors no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ascend-wellness). ## Quick answers about Ascend Wellness ### Who invested in Ascend Wellness? Ascend Wellness's investors include B Capital, Poseidon Asset Management, Salveo Capital, JM10 and Shire Capital Advisors. ### 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. ## Companies like Ascend Wellness In the same sector, and raised in the last eighteen months. [**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Kodama** $7.0M · Oct 2026](https://millionrounds.com/company/kodama)[**PickTrace** Oct 2026](https://millionrounds.com/company/picktrace)[**Hone** $60M · Oct 2026](https://millionrounds.com/company/hone)[**DASH Dog Food** $1.5M · Sept 2026](https://millionrounds.com/company/dash-dog-food)[**Helios Artificial Intelligence** $7.7M · Sept 2026](https://millionrounds.com/company/helios-artificial-intelligence) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app