UK-based fintech Bite Investments secures $25 million in strategic funding from NewSpring Capital to expand its team, scale its flagship SaaS platform, and accelerate growth in private markets.
Highlights:
$25M Growth Capital Secured: Bite Investments raises $25 million in a new funding round led by NewSpring Capital.
Platform Scaling & Team Expansion: The funds will support growth of its SaaS product Bite Stream and increase its 70-person team.
Focus on Private Markets: Bite targets alternative asset managers and family offices with enhanced tools for onboarding, reporting, investor relations, and data management.
Summary:
Bite Investments, a UK fintech specializing in solutions for alternative asset management, has secured $25 million in growth capital from U.S. private capital firm NewSpring Capital. The investment will be deployed to scale its core SaaS product, Bite Stream, which integrates fundraising, onboarding, reporting, and data services tailored to private markets.
The company plans to use the funds to expand its engineering and operational teams (currently ~70 employees) and accelerate product enhancements. This move reinforces Bite’s ambition to strengthen its position in the alternative assets tech space and support growth for fund administrators, family offices, and asset managers.
