German wealthtech Bunch lands $15.5m Series A

Bunch Secures $15.5 Million in Series A Funding

Key Points:

1. 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.
2. 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.
3. 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.
4. 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.
5. Company Mission:
   • Goal: To digitally transform the trillion-dollar alternative investment industry.