bunch secures 15.5 million US dollars

Marc Nemitz Marc Nemitz | 25.07.2024

With $15.5 million in Series A funding, bunch aims to modernize and digitize outdated processes in private markets

Berlin, Germany - July 25, 2024 - Fintech company bunch has successfully closed its $15.5 million Series A funding round. The round was led by global investor FinTech Collective, with participation from existing investors Cherry Ventures and Motive Ventures, as well as angel investors including founders and executives from Klarna, Moonfare and Kinnevik.

Growth of private markets

Private markets are experiencing unprecedented growth, with alternative assets expected to reach nearly $40 trillion by the end of the decade. Yet the industry continues to rely on outdated tools and methods, such as clunky spreadsheets and paper-based processes. With the increasing number of investors looking to participate in private markets, there is an urgent need to modernize the industry's workflows and data management systems.

"Alternative assets are the fastest growing asset class, but their operational processes are still stuck in the past. Our Series A funding will accelerate bunch's mission to bring this trillion-dollar industry into the 21st century."

Levent Altunel, co-founder of bunch

Founded in late 2021 by Levent Altunel and Enrico Ohnemüller, bunch provides an end-to-end platform that enables funds and investors to operate seamlessly and securely within the private markets. bunch's data-driven approach helps General Partners (GPs) and Limited Partners (LPs) save time and money by reducing complexity and replacing outdated vendors with modern technology. This allows GPs to focus on fundraising and investing, while LPs benefit from a centralized database.

"We are thrilled to have true private market experts as investors supporting our vision to transform the space."

Enrico Ohnemüller, co-founder of bunch

Trust and the importance of data in private markets

In just two years, bunch has gained the trust of leading fund managers and institutional LPs in Europe and beyond, who have collectively committed over €2 billion through the platform.

"In an industry that still looks like the public markets in the 1980s, bunch is revolutionizing the game for GPs and LPs in the private markets."

Toby Triebel, Partner at FinTech Collective

The data market for private markets is growing significantly and is expected to reach 18 billion dollars by 2030. bunch's data-centric approach allows investors to store all private markets data points in one place and access up-to-date information at any time.

With the new funding, bunch plans to expand 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 and growing its team.


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