In just over a year since our Series C, Ashby has scaled from 1,300 to over 2,700 customers, grown revenue by 135% year-over-year, and increased the number of interviews scheduled through Ashby by 170%. We achieved that growth with best-in-class efficiency — a burn multiple of under 1x — leaving most of our Series C capital untouched.
That combination of rapid growth and discipline sparked pre-emptive interest from investors.
Today, I’m excited to share that we’ve raised a $50 million Series D, led by Mark McLaughlin at Alkeon with co-lead support from existing investor Lachy Groom and participation from F-Prime, Elad Gil, Gaingels, and other new and returning backers. While the round was significantly oversubscribed, $50 million allows us to maintain a healthy valuation (2x our Series C), stay disciplined on dilution, and invest meaningfully in our next phase of growth.
I also want to give a huge shoutout to the Ashby team. We’ve now crossed 220 employees across 20+ countries, and I couldn’t be more excited about the caliber of execution I see across every function. Customers, Investors, and Partners frequently tell me how surprised they are by how much we’ve been able to build with a relatively small team. Internally, it’s been rewarding to see Ashby become a true talent magnet, letting us grow while maintaining a very high talent bar.
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