35 million US dollars for Fintech bunch

The Berlin-based fintech bunch has raised 35 million US dollars (around 30 million euros) in a Series B financing round. The round was led by Portage. Illuminate Financial and existing investors Motive Partners, Cherry Ventures and Fintech Collective also participated.

In total, bunch has now raised more than 58 million US dollars and is one of the best-financed platforms for private fund operations in Europe.

Private markets continue to grow

The background to the financing is the strong growth of private markets. Global assets under management in this area are expected to rise to around 32 trillion US dollars by 2030.

At the same time, regulatory developments such as ELTIF 2.0 are increasingly opening up the market to private investors. For fund managers, this means increasing operational complexity. They have to deal with more investors, more extensive reporting and higher regulatory requirements. However, according to bunch, many processes are still based on Excel spreadsheets, emails and manual workflows.

AI-native platform for the entire fund life cycle

Founded in 2021, bunch is developing an integrated platform for the entire lifecycle of private equity and venture capital funds.

The software from bunch can analyze unstructured fund documents, extract relevant data and automate workflows. At the same time, critical processes should remain under human control.

Fund managers cannot scale with spreadsheet infrastructure. We founded bunch to solve exactly that: a platform, like a central database, that covers the entire fund lifecycle for funds and investors.

Enrico Ohnemüller, Co-Founder & CEO bunch,

Among other things, the platform covers capital calls, compliance, reporting and distributions and is specifically designed to meet the regulatory requirements of European markets.

Growth in customers and turnover

According to the company, bunch now works with more than 150 fund managers and over 12,000 investors. Annual Recurring Revenue (ARR) grew by 300 percent in 2025. According to the company, net revenue retention (NRR) is 156 percent.

Customers include FINVIA, Passion Capital, Hummingbird Ventures, Merantix, Antler and other European investment firms.

Further AI workflows and European expansion

With the new capital, bunch plans to invest in three key areas:

• Expanding commercial expansion in core European markets such as Germany, the United Kingdom and Luxembourg
• Further development of AI-supported automation for fund operations
• Building a scalable operating model for additional asset classes and jurisdictions

CEO Enrico Ohnemüller emphasizes that fund managers will no longer be able to scale with spreadsheet-based infrastructure in the future. The combination of software, AI and operational expertise is crucial.

Investors see Europe's regulatory advantage

Investors see the regulatory complexity of the European market in particular as a competitive advantage for bunch.

Private markets are growing faster than the infrastructure behind them. bunch is at precisely this interface - with the necessary technical depth and speed that this problem requires.

Konstantin Koenig, Principal, Illuminate Financial

Hélène Falchier from Portage emphasizes that the company has not bypassed regulatory requirements, but has integrated them deeply into the product architecture. This creates an infrastructure for European private markets that is difficult to replicate.

bunch is a platform for the European private markets sector. The company combines AI-powered automation with expertise to simplify previously complicated and dispersed processes. Fund managers and institutional investors can use it to digitally manage the entire fund lifecycle, from investor onboarding and capital calls to administration, accounting and tax reporting. Founded in 2021 and based in Berlin, London and Luxembourg, the startup already supports hundreds of investment structures and numerous fund managers across Europe.