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fundcraft raises €5m Series A to fuel expansion

By Gloria Methri

May 07, 2024

  • Accounting Operations
  • Aperture Capital
  • Asset Management

fundcraft, Digital Infrastructure, Asset Management, FinTech, UKfundcraft, a provider of digital infrastructure for asset management, has closed a €5 million Series A funding round led by Aperture Capital, with participation from SIX Fintech Ventures and early supporters.

The funds will be used for product development and to fuel fundcraft’s international expansion.

The company’s technology-centric value proposition centralises and automates processes, data, and stakeholder interaction to lower costs and deliver better customer outcomes. Its open platform allows all parties in the fund administration value chain—lawyers, bankers, auditors, accountants, and depositaries—to collaborate using one platform.

Furthermore, bringing together fund accounting, transfer agency, compliance, corporate secretary, portfolio management, and reporting into a single system consolidates workflows and processes and delivers a single source of truth.

fundcraft boasts more than 22 asset management clients, including Moonfare, Stableton and Tenity. It manages more than 135 funds on their behalf, representing more than €6 billion in commitment. The funding round will be used by Fundcraft to expand its product and market reach.

Today, fundcraft serves asset managers operating Luxembourg-domiciled funds, but it plans to expand into new markets, including Spain and Germany, in collaboration with a strong network of partners. In addition, the company intends to address additional asset classes in addition to Venture Capital, Private Equity and Fund of Funds, which are its focus today.

“We’re delighted to close this round, amidst still difficult funding conditions, with great growth and business partners,” said Julien De Mayer, fundcraft founder and CEO. “This will enable us to move into new markets and add new asset classes to the platform.”

The collaboration between fundcraft and its investors in this round extends beyond financial backing. Aperture, which provides strategy consulting and marketing services, is instrumental in refining fundcraft’s go-to-market strategy and execution. At the same time, SIX Group is a customer via its subsidiary Tenity.

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