Bunch Secures $15.5 Million in Series A Funding
Key Points:
- Funding Round:
- Amount Raised: $15.5 million.
- Lead Investor: FinTech Collective (New York-based venture capital firm).
- Other Participants: Cherry Ventures, Motive Ventures, Broadhaven Ventures, TinyVC, and angel investors from Kinnevik, Klarna, and Moonfare.
- Use of Funds:
- Platform Development: To enhance digital analytics features and expand the team.
- Expansion: Focus on entering new asset classes and geographies, particularly the UK market and private equity clients.
- Company Background:
- Founded: 2021.
- Founders: Levent Altunel and Enrico Ohnemüller.
- Headquarters: Berlin, Germany.
- Services: Provides a platform for the alternative investment sector to automate workflows, offer real-time information, and store private market data.
- Current Operations:
- Assets Managed: Private funds using Bunch’s platform oversee around €2 billion in assets.
- Total Funding: Bunch has raised $22 million to date.
- Company Mission:
- Goal: To digitally transform the trillion-dollar alternative investment industry.