Bunch Raises €30.1M ($35M) Series B Led by Portage

Why It Matters

The capital infusion enables bunch to modernise fragmented private‑market operations, giving fund managers a scalable, AI‑enhanced infrastructure that matches the rapid growth of European alternatives assets.

Key Takeaways

• Bunch raised €30.1M ($35M) Series B, total funding $58M.
• Platform supports 150 fund managers and 12,000 LPs across Europe.
• ARR grew 300% in 2025 with 156% net revenue retention.
• Funding will fuel AI automation and expansion into UK, Germany, Luxembourg.
• Bunch tackles spreadsheet‑driven private‑market ops with integrated AI‑native software.

Pulse Analysis

Private‑market assets in Europe are on a trajectory to reach $32 trillion in AUM by 2030, yet the operational backbone remains anchored in spreadsheets and manual workflows. This mismatch creates bottlenecks for general partners who must navigate multiple jurisdictions, complex tax regimes, and heightened investor scrutiny. Fintech solutions that embed automation, data extraction, and AI‑driven compliance are becoming essential to unlock scale and maintain auditability. Bunch’s end‑to‑end platform directly addresses these pain points by consolidating onboarding, capital calls, accounting, and reporting into a single digital layer, reducing manual effort while preserving regulatory oversight.

The recent €30.1 million Series B, led by Portage, reflects growing investor confidence in infrastructure‑as‑a‑service models for private markets. Existing backers such as Motive Partners and Cherry Ventures doubled down, signalling belief that a Europe‑specific solution can outpace legacy U.S. providers. Bunch plans to deploy the capital toward aggressive go‑to‑market initiatives in Germany, the United Kingdom, and Luxembourg, while deepening AI capabilities for document parsing and compliance automation. By expanding its product suite to cover additional asset classes and jurisdictions, the startup aims to become the de‑facto operating system for European fund managers.

If bunch can sustain its reported 300% ARR growth and 156% net‑revenue retention, it will set a new benchmark for SaaS efficiency in the alternatives space. The company’s defensibility stems from its regulatory expertise—built for Europe’s intricate legal landscape—and its hybrid model that blends specialist knowledge with proprietary software. As private‑equity and venture‑capital firms seek to serve a broader investor base, platforms that deliver consistency, speed, and auditability will be indispensable, positioning bunch as a potential market leader in the coming decade.

Deal Summary

Berlin‑based fintech startup bunch closed a €30.1 million ($35 million) Series B round to expand its private‑markets infrastructure across Europe. The round was led by Portage with participation from Illuminate Financial, Motive Partners, Cherry Ventures and Fintech Collective. The funding will accelerate commercial growth, enhance AI‑driven automation and support expansion into new geographies and asset classes.