Ascent CRM, LLC announced that it has received $1.89 million in funding from Access Venture Partners, Nelnet, Inc., Rockies Venture Club, Bialla Venture Partners, LP, Service Provider Capital, LLC and other investors

On January 13, 2017, Ascent CRM, LLC closed the transaction. The company issues 3,600,685 series seed preferred shares for gross proceeds of 1,889,999.5565 in its first and final tranche. The shares are convertible and redeemable.

The shares are convertible to common stock at $0.5249 per share. The funding was raised at post-money valuation of 4,881,930. The seed round of funding was led by new investor Rockies Venture Club and involved participation from new investors Access Venture Partners, Nelnet, Inc. (NYSE:NNI), Bialla Venture Partners, LP, Service Provider Capital, LLC, and other private investors.

The company will issue securities pursuant to exemption provided under Regulation D.