The round is led by global investor FinTech Collective, with existing investors Cherry Ventures and Motive Ventures increasing their stakes. Angel investors, including founders and executives from Klarna, Moonfare, and Kinnevik, also joined the investment.
Bunch offers automated technological solutions aimed at modernizing the infrastructure and workflows for private market investors, who often struggle with inefficient spreadsheets, complex procedures, and paper-based methods.
Founded in late 2021, the startup has successfully raised a total of $22 million to date and reports that private funds currently manage approximately €2 billion in assets through its platform.
“Alternative assets are the fastest-growing asset class, yet their operational processes are still outdated,” says Levent Altunel, co-founder of Bunch. “Our Series A funding will hasten Bunch’s mission to propel this trillion-dollar industry into the 21st century, driving a critical digital transformation.”
The new funding will allow Bunch to enhance its growth by venturing into new asset classes and geographical markets, with a specific emphasis on the UK and private equity clients.