bunch Raises $35M Series B for Private Markets AI Platform

Berlin-based fintech innovator, bunch, has successfully closed a $35 million Series B funding round, signaling a significant push to modernize the operational backbone of the private markets. The capital infusion, led by Portage, with substantial backing from Illuminate Financial, Motive Partners, Cherry Ventures, and Fintech Collective, alongside strategic angel investors, will fuel the company's expansion across Europe and enhance its AI-native platform capabilities.

The private markets are experiencing unprecedented expansion, with assets under management projected to reach $32 trillion by 2030. This growth, coupled with evolving regulatory frameworks like ELTIF 2.0 that are broadening access to alternative investments, places immense operational pressure on fund managers. Traditional, often fragmented, back-office processes reliant on spreadsheets and manual data handling are proving inadequate for the increasing demands of investor reporting and operational complexity. bunch is directly addressing this critical gap by offering an integrated, AI-powered operating system designed to streamline the entire fund lifecycle.

bunch's platform is engineered to replace legacy systems by providing a unified digital layer for private equity and venture capital fund managers. It leverages AI to ingest unstructured fund documents, extract and structure vital data, and maintain traceability, all while ensuring human oversight for critical decision-making. This approach not only enhances efficiency but also preserves auditability and control, crucial elements in the highly regulated private markets. The company's focus on building for the complexities of multi-jurisdictional European operations positions it uniquely to serve a globalizing industry.

This latest funding round underscores bunch's impressive market traction. The company now supports over 150 fund managers and more than 12,000 limited partners (LPs) across key European jurisdictions. Demonstrating strong product-market fit and customer loyalty, bunch achieved a remarkable 300% growth in Annual Recurring Revenue (ARR) in 2025 and a Net Revenue Retention rate of 156%. This high retention figure indicates that existing clients are not only staying but are also expanding their usage of the platform, a testament to the value delivered.

The new capital will be strategically deployed to accelerate commercial growth in core European markets such as Germany, the UK, and Luxembourg. Furthermore, bunch plans to deepen its AI and automation functionalities across essential fund operations, including capital calls, compliance management, distributions, and reporting. The company also aims to scale its organizational structure to support a wider array of asset classes and operational workflows, solidifying its position as a comprehensive solution provider.

The investment from Portage highlights the platform's potential to become indispensable financial infrastructure. As Hélène Falchier, Partner at Portage, noted, bunch was built to navigate and thrive within Europe's demanding regulatory environment, a key differentiator. Similarly, Konstantin Koenig, Principal at Illuminate Financial, emphasized that bunch is strategically positioned at the intersection of operational risk and commercial opportunity within the rapidly scaling private markets.

With this Series B, bunch has now raised over $58 million in total funding, establishing itself as a leading, well-capitalized player in the European private fund operations technology sector. The company's client roster includes notable firms such as FINVIA Family Office, Passion Capital, Hummingbird VC, Merantix, Tiny Supercomputer, Redstone, and Antler, underscoring its growing influence among sophisticated market participants.