FinTech Startup bunch Raises $15.5 Million in Series A

Berlin-based fintech startup bunch has successfully closed a $15.5 million Series A funding round, led by global investor FinTech Collective. According to a company press release, the investment will fuel bunch's mission to transform the rapidly growing private markets sector.

Founded in late 2021 by Levent Altunel and Enrico Ohnemüller, bunch offers an end-to-end platform that enables sophisticated funds and investors to operate, administrate, and transact within private markets. The startup's data-centric approach allows investors to store all private market data points in one place, providing access to up-to-date information at any time.

"Alternative Assets are the fastest-growing asset class, yet their operational processes remain stuck in the past," said Enrico Ohnemüller, 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."

In just over two years, bunch has earned the trust of leading fund managers and institutional LPs across Europe, who have collectively committed over €2 billion through the platform. The company's innovative solutions leverage AI and automation workflows to help GPs and LPs save time, money, and mental energy by reducing complexity and replacing legacy providers with technology.

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 startup will also invest in enhancing its platform capabilities and growing its team of fintech and investment experts.

As private markets continue to experience unprecedented growth, with alternative assets expected to reach nearly $40 trillion by the end of the decade, bunch's technology-driven approach aims to address the urgent need for modernization in the industry's workflow infrastructure and data management systems.