German wealthtech Bunch lands $15.5m Series A
Berlin-headquartered wealthtech Bunch has secured $15.5 million through a Series A funding round led by New York-based venture capital firm FinTech Collective.
Bunch co-founders Levent Altunel and Enrico Ohnemüller (Image: Bunch)
Existing backers Cherry Ventures and Motive Ventures also participated in the raise, alongside new supporters Broadhaven Ventures, TinyVC, and angel investors from Kinnevik, Klarna and Moonfare.
The cash injection has been earmarked to advance the start-up’s “platform capabilities” with a focus on developing digital analytics features and expanding headcount.
In addition, the funding is set to fuel Bunch’s expansion into “new asset classes and geographies, with a particular focus on the UK market and private equity clients”, according to a post on the firm’s LinkedIn page.
Founded in 2021 by Levent Altunel and Enrico Ohnemüller, Bunch provides the alternative investment sector with a comprehensive platform that automates workflows, offers real-time information, stores private market data, and more.
The company has now bagged a total of $22 million to date and claims that private funds oversee around €2 billion in assets via its offering.
“Our Series A funding will accelerate Bunch’s mission to bring this trillion-dollar industry into the 21st century, driving a much-needed digital transformation,” states Ohnemüller.
