Fintech company bunch has raised €30.1 million in a Series B funding round to expand its European footprint, advance its automation and AI capabilities, and extend its platform into additional asset classes, jurisdictions, and operational workflows.
The round was led by Portage, with participation from Illuminate Financial, alongside existing investors Motive Partners, Cherry Ventures, and Fintech Collective. The company has now raised more than $58 million in total funding, underscoring continued investor confidence in its approach to modernising private markets infrastructure.
What The Company Does
bunch develops software infrastructure for private markets, helping fund managers and institutional investors manage the full fund lifecycle in a single platform. Its system covers processes such as digital onboarding, capital calls, fund accounting, administration, compliance workflows, distributions, and tax reporting.
The platform is designed to replace fragmented legacy tools that remain common across the industry, where operations are still often handled through spreadsheets, emails, and manual reconciliation processes. bunch combines domain-specific financial expertise with software automation and AI to reduce operational complexity and improve consistency across multi-jurisdictional fund structures.
A core feature of the platform is its capacity to take in non-standard fund documents, turn them into usable data, and ensure every data point can be traced back to its original source. Human oversight remains integrated into critical steps to ensure auditability and regulatory compliance.
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Market Context / Industry Background
Private markets continue to grow rapidly, with global assets under management projected to reach $32 trillion by 2030. At the same time, regulatory developments such as ELTIF 2.0 are broadening access to alternative investments across Europe, increasing operational complexity for fund managers.
Despite this expansion, much of the industry still relies on legacy infrastructure that was not designed for scale or regulatory fragmentation. This mismatch between market growth and operational tooling has created demand for more standardised, software-driven solutions that can handle cross-border fund administration more efficiently.
In this context, platforms like bunch are positioning themselves as infrastructure layers for a market that is becoming both larger and more operationally demanding increasingly fragmented globally evolving.
Founder / Investor Commentary
Co-founder and CEO Enrico Ohnemüller highlighted the structural gap between market growth and operational capability, noting that private markets are expanding faster than the systems that support them.
“Private markets are entering a new phase of growth, but the operating infrastructure behind them has not kept pace. GPs cannot scale on spreadsheet-era infrastructure,” he said.
He added that the company aims to unify fragmented workflows across the fund lifecycle, particularly in a European context where regulatory environments vary significantly between jurisdictions. According to Ohnemüller, the combination of specialist expertise, software and AI-native systems is key to improving efficiency while maintaining the service-intensive nature of the industry.
Growth Plans / Use Of Funds
The new capital will be used primarily to expand bunch’s commercial operations across key European markets, including Germany, the UK, and Luxembourg. The company also plans to invest further in product development, with a focus on strengthening AI-driven automation across core operational workflows.
This includes deeper automation of capital calls, compliance processes, distribution management, and reporting functions. Additionally, bunch aims to extend its platform capabilities to support a broader range of asset classes and jurisdictions, enabling greater scalability for institutional clients operating across multiple markets.
About bunch
bunch is a fintech company building infrastructure for private markets operations. Founded in 2021 and headquartered in Berlin, with additional offices in London, Amsterdam, and Luxembourg, the company provides a unified platform for fund lifecycle management, including onboarding, accounting, compliance, and reporting. Its mission is to replace fragmented legacy systems with a scalable, software-driven infrastructure layer for institutional investors and fund managers across Europe.
