Bunch, a Berlin Fintech, Secures $15.5M Series A to Transform Private Markets

Berlin-based fintech startup bunch has successfully closed a $15.5 million Series A funding round, underscoring the rapid growth and transformation within the private markets sector. Despite the booming private markets, many industry participants still rely on outdated tools and methods, including cumbersome spreadsheets and paper-based processes, reminiscent of the 1980s.

Founded in late 2021, bunch offers a comprehensive, end-to-end platform designed to modernize how funds and investors operate, administrate, and transact in private markets. By leveraging AI and automation workflows, bunch addresses the inefficiencies of traditional methods, helping General Partners (GPs) and Limited Partners (LPs) save time, money, and reduce complexity.

Levent Altunel, co-founder of bunch, highlighted the urgency of modernization in private markets: “Alternative Assets are the fastest-growing asset class, yet their operational processes remain stuck in the past.” The Series A funding will propel bunch’s mission to drive digital transformation in the industry, aiming to bring it firmly into the 21st century. Enrico Ohnemüller, co-founder, expressed excitement about the support from private market experts and the opportunity to expand the platform’s reach across Europe and beyond.

In just over two years, the bunch platform has facilitated over €2 billion in commitments from fund managers and institutional LPs. The funding round was led by FinTech Collective and included contributions from Cherry Ventures, Motive Ventures, Broadhaven Ventures, TinyVC, and notable angel investors from leading fintech companies such as Klarna, Moonfare, and Kinnevik.

Toby Triebel, Partner at FinTech Collective, emphasized the transformative impact of bunch on the private markets: “In an industry that resembles the public markets of the 1980s, bunch is revolutionizing operations for GPs and LPs. By automating complex workflows and integrating pre- and post-close services into a single platform, bunch has created an operating system that enhances efficiency, scalability, and stakeholder relationships.”

With the infusion of $15.5 million from its Series A funding round, bunch is poised to significantly broaden its impact and reach within the private markets sector. The company’s immediate plans include diversifying its platform to encompass additional asset classes, addressing the needs of a wider range of investors and fund managers. A major focus will be expanding into the UK market, leveraging the region's robust financial ecosystem to further penetrate the Private Equity sector.

In addition to geographic expansion, bunch will invest heavily in refining its platform capabilities. This includes integrating advanced digital analytics to provide deeper insights and more sophisticated data management, which will enhance decision-making and operational efficiency for its users. The company also plans to bolster its team, bringing on board more experts in fintech and investment to drive innovation and support its growing client base.

These strategic moves are aimed at positioning bunch as a key player in transforming the private markets industry. By modernizing outdated processes and offering a comprehensive, technology-driven solution, bunch aims to improve efficiency, scalability, and stakeholder engagement in the sector. The company’s expansion and development efforts will support its goal of becoming a leading platform in private markets, driving significant advancements in how funds and investors operate.