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Berlin FinTech bunch raises $15.5m Series A

By Gloria Methri

July 26, 2024

  • AI
  • bunch
  • Cherry Ventures
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bunch, Private Markets FinTechbunch, a Berlin-based FinTech company transforming private markets, has successfully completed its $15.5 million Series A. The round is led by global investor FinTech Collective, and existing investors, including Cherry Ventures and Motive Ventures, are doubling down.

Founded in late 2021, bunch is an end-to-end platform that enables funds and investors to operate, administrate, and transact seamlessly and securely within private markets. Its data-centric approach helps GPs and LPs save time, money, and mental energy by reducing complexity and replacing legacy providers with tech, as bunch heavily leverages AI and automation workflows.

Private markets are experiencing unprecedented growth, with alternative assets expected to reach nearly $40 trillion by the end of the decade. With more investors pushing to participate in private markets, this rapid expansion has created an urgent need for modernisation in the industry’s workflow infrastructure and data management systems.

“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. We are thrilled to have true private market experts as investors supporting our vision of transforming the space and are excited to bring our innovative solutions to more investors across Europe and beyond,” said Enrico Ohnemüller, co-founder of bunch.

Over the last two years, leading fund managers and institutional LPs across Europe and beyond have collectively committed over €2 billion through the bunch platform.

Top private market experts such as Broadhaven Ventures and former AngelList Europe Head Philipp Moehring’s TinyVC, as well as angel investors, including founders and executives of Klarna, Moonfare, and Kinnevik, participated in this funding round.

With this new funding, the German company 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. bunch will also invest in enhancing its platform capabilities, providing more insights to professional LPs through digital analytics and growing its team of FinTech and investment experts.

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