bunch, a Berlin, Germany – based fintech company that enables funds and private investors to securely set up and manage their investment entities, closed its $15.5m Series A funding.
The round was led by FinTech Collective, with participation from existing investors Cherry Ventures, Motive Ventures, Broadhaven Ventures, TinyVC, as well as angel investors including founders and executives of Klarna, Moonfare, and Kinnevik participated.
The company intends to use the funds to accelerate its growth by expanding into new asset classes and geographies, with a particular focus on the UK market and Private Equity clients, and enhancing its platform capabilities.
Founded in late 2021 by Levent Altunel and Enrico Ohnemüller, bunch is the end-to-end platform that enables funds and investors to operate, administrate, and transact within private markets, in a secure manner. The approach helps GPs and LPs save time, money, and energy by reducing complexity and replacing legacy providers with tech, as bunch leverages AI and automation workflows.
In over two years, bunch has earned fund managers and institutional LPs, who have collectively committed over €2 billion through the platform.
FinSMEs
29/07/2024