Berlin-based FinTech startup, bunch, has successfully secured a $15.5m Series A investment.
According to Tech EU, the round was spearheaded by FinTech Collective, with significant contributions from existing backers Cherry Ventures and Motive Ventures, as well as new participants such as Broadhaven Ventures and Philipp Moehring’s TinyVC.
A number of angel investors from leading FinTech firms including Klarna, Moonfare, and Kinnevik also joined the round.
bunch, established in late 2021, offers an end-to-end platform designed to streamline operations, administration, and transactions within private markets. The company’s innovative approach uses advanced data analytics and AI-driven automation to simplify complex workflows and replace outdated systems.
The freshly acquired funds are earmarked for expanding bunch’s technological capabilities and geographical reach, with a strong focus on entering the UK market and engaging more Private Equity clients. This investment will also support bunch’s ongoing mission to overhaul the operational processes of alternative assets, which despite being the fastest-growing asset class, still rely heavily on antiquated methods.
Since its inception, bunch has facilitated over €2 billion in commitments from fund managers and institutional LPs throughout Europe and beyond. The platform’s ability to integrate all pre- and post-close services into a single system has positioned it as a transformative force in private markets, akin to an operating system for funds.
bunch co-founder Enrico Ohnemüller expressed his excitement about the funding, stating, “Our Series A funding will accelerate bunch’s mission to bring this industry into the 21st century, driving a much-needed digital transformation. We are thrilled to have true private market experts as investors supporting our vision of transforming the space and are excited to bring our innovative solutions to more investors across Europe and beyond.”
In previous funding activities, bunch received support from various venture capital firms that recognized its potential early on. This ongoing support underscores the confidence in bunch’s ability to significantly impact the private markets sector.
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