Fintech
Private Markets Fintech Group Raises $15.5M
The round is led by global FinTech investor Collective, and existing investors including Cherry Ventures and Motive Ventures are doubling down. Angel investors including founders and executives of Klarna, Moonfare, and Kinnevik also participated.
Bunch offers automated technology tools to modernize the infrastructure and workflows of private market investors who currently struggle with confusing spreadsheets, complex workflows and paper-based processes.
Founded in late 2021, the startup has raised a total of $22 million so far and says that private funds currently manage around €2 billion in assets through its platform.
“Alternatives are the fastest-growing asset class, but their operational processes remain stuck in the past,” said Levent Altunel, co-founder of Bunch. “Our Series A funding will accelerate Bunch’s mission to bring this trillion-dollar industry into the 21st century by driving a much-needed digital transformation.”
It says the new funding will enable Bunch to accelerate its growth by expanding into new asset classes and geographies, with a particular focus on the UK market and private equity clients.