Fintech
Berlin Fintech Group Secures $15.5M Series A to Transform Private Markets
Berlin Fintech Startups bunch announced the successful closing of its $15.5 million Series A financing.
Private markets are experiencing unprecedented growth; however, the industry still relies on outdated tools and methods, such as crude spreadsheets, complex workflows, and paper-based processes, reminiscent of the 1980s.
Founded in late 2021, Bunch is an end-to-end platform that enables funds and investors to operate, administer and transact within private markets.
Its data-centric approach helps primary care physicians and LPs save time, money, and mental energy by reducing complexity and replacing traditional providers with technology, as Bumpy leverages extensively artificial intelligence and automation workflows.
“Alternative assets are the fastest growing asset class, but their operational processes remain stuck in the past,” says Levent Altunel, co-founder of Bunch.
“Our Series A funding will accelerate Bunch’s mission to bring this industry into the 21st century by driving a much-needed digital transformation. We are thrilled to have true private market experts as investors supporting our vision to transform the space and are excited to bring our innovative solutions to more investors in Europe and beyond,” added Enrico Ohnemüller, co-founder of Bunch.
In just over two years, fund managers and institutional LPs from across Europe and the world have collectively committed over €2 billion through the platform.
FinTech Collective led the funding round, joined by a mix of established and emerging investors. These include existing backers The cherry companies AND Motivi Venturesalong with highly respected firms such as Broadhaven Ventures and Philipp Moehring’s TinyVC. Additionally, notable angel investors from leading fintech companies such as Klarna, Moonfare and Kinnevik participated.
In an industry that looks a lot like the public markets of the 1980s, Bunch is changing the game for private markets GPs and LPs, according to Toby Triebel, partner at FinTech Collective.
“By automating complex workflows and integrating all pre- and post-close services into a single platform, Bunch has created an operating system that enables funds to operate more efficiently, grow faster, and foster stronger relationships with LPs and other stakeholders.
The team stands out: we first met Levent and Enrico over two years ago and since then they have built a solid team and a solid platform, with the expertise to reach the full range of enterprise clients.”
With this new funding, Bunch plans to expand into new asset classes and geographies, with a focus on the UK market and private equity clients, as well as investing in enhancing its platform capabilities through digital analytics and expanding its team of fintech and investment experts.
Main image: Bunch. Photo: Uncredited.