Two years after the seed financing round, the Fintech Bunch is once again receiving fresh capital. The Berlin startup has now raised the equivalent of around 14.3 million euros (15.5 million dollars). The Series A round was led by Fintech Collective. Existing investors Cherry Ventures, Motive Ventures and business angels such as Kinnevik shareholder Cristina Stenbek and Moonfare co-founder Alexander Argyros also participated in the Series A. This brings the total investment volume to over 20 million euros.
Vision: Digitize private market investments
The company, founded in 2021, has developed an end-to-end platform for private market investments. The platform is designed to enable fund managers and private investors to close deals and manage investments digitally. With the help of technology, including AI, Bunch wants to automate manual work processes and thus reduce the complexity of private market investments. Fund managers can use the investment platform, for example, to set up their investment companies digitally, manage capital calls and profit distributions, and send performance reports to customers digitally. Private investors can use the Bunch platform, for example, to track all their investments digitally, outsource regulatory filings, and have uniform reporting created.
Since its founding, Bunch has been able to attract investors as customers across Europe and internationally, including Cherry Ventures, Auxxo Female Catalyst Fund, Dieter von Holtzbrinck Ventures and Signature Ventures. In total, more than 2 billion euros have already been invested via the platform.
Trillion-dollar market
Demand for private market investments, i.e. unlisted investments with a long-term focus, has risen sharply in recent years. According to EY, assets under management will amount to 22.5 trillion euros (24.4 trillion US dollars) in 2023. BlackRock, the world's largest asset manager, expects the industry to continue to grow strongly in the coming years.
The company, founded in 2021, is backed by Enrico Ohnemüller, former head of innovation at Niroumand's fintech incubator Finleap, and Levent Altunel, who comes from venture capital firm Paua Ventures. Niroumand's Embedded Capital held ten percent of Bunch right from the start.
Here you can see the pitch deck with which the two founders were able to close the multi-million dollar Series A round. You can find more exciting company presentations on our pitch deck topic page, and you can get video feedback from experts for your own slides here.
Source: https://www.businessinsider.de/gruenderszene/business/143-millionen-euro-fuer-das-fintech-bunch-hier-seht-ihr-das-pitchdeck/