Private markets FinTech bunch launches in the UK

By Gloria Methri

German FinTech company bunch has launched in the UK, bringing its operating system for private equity and venture capital funds to Europe’s largest market.

bunch provides an end-to-end platform for investors to operate, administrate and transact within private markets. While fund operations have historically been characterised by complex, paperwork-based processes and a lack of transparency, bunch’s data-centric approach enables GPs and LPs to interact with accurate, up-to-date information all in one place.

This new ‘System of Record’ for private markets combines AI and workflow automation with personalised support from fund administration experts, delivering a white-glove service spanning the entire fund lifecycle.

London is home to over 1,500 active PE and VC funds, while over half the value of the European private markets’ total assets under management is located in the UK. bunch plans to invest heavily in its UK go-to-market team, growing its headcount to double figures over the coming year to drive commercial growth and develop client partnerships.

Founded in late 2021, bunch is an established player in mainland Europe, working with over 40 of the continent’s most renowned funds, including Cherry Ventures, Hummingbird VC and Motive Partners. The UK is the first of several new country launches slated for the year ahead, fuelled by its $15.5 million Series A raise in July.

Tomás Herrmann, General Manager, UK, at bunch, said, “With demand for private markets booming, legacy systems are no longer fit for purpose. By building a world-class team and comprehensive tech infrastructure to meet the unique needs of this market, bunch empowers GPs and finance leaders to focus on strategy, not admin.

Sandra Lyness, Partner at Tiny VC, said, “We believe in bunch’s potential to streamline and simplify the fund administration experience, and we’re excited to be their first client in the UK. We invest in more companies than most other venture funds, so operations are especially critical to our firm. We’ve spoken to many fund ops software products in the market, and bunch is the one that allows us to focus more on our portfolio companies and direct LP relationships.”