bunch, a German fintech company transforming private markets, has picked up $15.5 million in Series A funding. The round was led by global investor FinTech Collective, and existing investors including Cherry Ventures (which recently invested in Andrena Ventures and Octomind) and Motive Ventures are doubling down.
Top private market experts such as Broadhaven Ventures and former AngelList Europe Head Philipp Moehring’s TinyVC, as well as angel investors including founders and executives of Klarna, Moonfare, and Kinnevik (which backed Pelago) participated.
With this new funding, bunch plans to accelerate its growth by expanding into new asset classes and geographies, with a particular focus on the UK market and Private Equity clients. The company will also invest in enhancing its platform capabilities, providing more insights to professional LPs through digital analytics and growing its team of fintech and investment experts.
What challenge does it tackle?
Private markets are experiencing unprecedented growth, with alternative assets expected to reach nearly $40 trillion by the end of the decade. However, the industry is still reliant on outdated tools and methods, such as sloppy spreadsheets, complex workflows, and paper-based processes, reminiscent of the 1980s. With more and more investors pushing to participate in private markets, this rapid expansion has created an urgent need for modernisation in the industry’s workflow infrastructure and data management systems.
bunch is the end-to-end platform that enables sophisticated funds and investors to operate, administrate, and transact within private markets, in a seamless and secure manner.
What does the company do?
Founded in late 2021 by Levent Altunel and Enrico Ohnemüller, bunch’s data-centric approach helps GPs and LPs save time, money, and mental energy by reducing complexity and replacing legacy providers with tech. It leverages AI and automation workflows for this approach.
The platform allows GPs to focus on what they do best: raising capital and investing. In turn, bunch’s solution also makes LPs’ lives much easier as they use bunch as their Private Markets system of records.
bunch is building the backbone of private markets, combining exceptional expertise, operational excellence, and frictionless technology.
“Alternative Assets are the fastest-growing asset class, yet 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, 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,” added Enrico Ohnemüller, co-founder of bunch.
What do we think about bunch?
bunch is transforming the private markets industry by addressing its reliance on outdated tools and methods. By providing an end-to-end platform that leverages AI and automation, bunch streamlines operations for GPs and LPs, enhancing efficiency and data management.
With its innovative approach, bunch is poised to revolutionise the rapidly growing alternative assets market, making it more accessible and efficient for investors. The company’s expansion into new asset classes and geographies will further solidify its impact on the private markets ecosystem.
