bunch, a Berlin-based FinTech raises €14.2M in a funding round to revolutionize private markets

Berlin-based bunch, a FinTech startup revolutionizing private markets, has successfully closed its €14.2 million Series A funding round.

Global investor FinTech Collective is leading the round, and previous backers Motive Ventures and Cherry Ventures are increasing their investment. Leading authorities in the private market, including executives and founders of Klarna, Moonfare, and Kinnevik, as well as angel investors, including Broadhaven Ventures and TinyVC, the former head of AngelList Europe Philipp Moehring.

bunch intends to use this additional capital to accelerate its growth by entering new markets and asset classes, with a concentration on private equity customers in the UK. Additionally, the company plans to invest in expanding its team of FinTech and investing specialists, improving its platform capabilities, and giving professional LPs greater insights through digital analytics.

bunch, an end-to-end platform that allows sophisticated funds and investors to safely and seamlessly operate, manage, and transact in private markets. By simplifying processes and substituting technology for outdated suppliers, the data-centric strategy saves GPs and LPs money, time, and mental strain. It also makes extensive use of AI and automated workflows. GPs may now concentrate on their areas of expertise, which are capital raising and investment. Further, LPs use bunch as their Private Market system of records, which greatly simplifies their lives.

Levent Altunel, co-founder of bunch, stated:

“Alternative Assets are the fastest-growing asset class, yet their operational processes remain stuck in the past.”

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Enrico Ohnemüller, co-founder of bunch, said:

“By propelling a much-needed digital change, our Series A funding will accelerate bunch’s objective to bring this trillion-dollar sector into the twenty-first century. 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.”

Leading fund managers and institutional LPs in Europe and beyond have trusted the bunch in just over two years, and they have committed over €2 billion through the platform as a whole.

The private markets data industry grows rapidly, projecting to expand from its current $8 billion to $18 billion by 2030, with an annual growth rate of 12%. Moreover, the increase in demand for standardized data, benchmarks, and analytics:s—which help investors allocate more capital to private markets more effectively—is reflected in this growth. Investors may save all private market data points in one location and always have access to the most recent information because of to bunch’s data-centric strategy.

Toby Triebel, a partner at FinTech Collective, continued:

“bunch is altering the rules for private market GPs and LPs in a sector that resembles the public markets of the 1980s. Funds may now operate more efficiently, scale faster, and cultivate deeper relationships with LPs and other stakeholders because of bunch’s operating system, which automates complicated operations and unifies all pre- and post-close services on one platform. The team distinguishes itself; from our initial meeting with Levent and Enrico over two years ago, they have established a robust staff and an equally robust platform that can cater to a wide range of industrial clients. We’re excited to collaborate with them on this next phase of their development.”

Image Credit: bunch