Berlin-based FinTech startup bunch has raised $35 million to accelerate its European expansion, bringing its total funding to over $58 million. Founded in 2021 by Levent Altunel and Enrico Ohnemüller, the round was led by Portage, with participation from Illuminate Financial, Motive Partners, Cherry Ventures, and Fintech Collective. The company, which supports more than 150 fund managers and 12,000 LPs, grew its ARR by 300 percent in 2025. bunch provides AI-native fund management infrastructure, replacing outdated systems as global Assets Under Management are forecast to reach $32 trillion by 2030.
In-Depth:
European FinTech bunch has raised $35m (£26m) to accelerate its growth plans.
The FinTech was founded in 2021 and is based in Berlin, but employs 20 people at its second-largest office in London.
The round was led by Portage, with participation from Illuminate Financial, significant follow-on investment from existing investors Motive Partners, Cherry Ventures and Fintech Collective, as well as additional angel investors.
bunch grew its ARR by 300 per cent in 2025 and achieved 156 per cent net revenue retention.
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The latest round brings the total amount raised by the startup to more than $58m and will be utilized to accelerate commercial growth across Europe.
The investment comes as private markets enter a new phase of growth and operational pressure.
Assets Under Management (AUM) are forecast to reach $32tn by 2030, but the systems supporting them have not kept pace.
bunch has a growing base of private markets firms including FINVIA Family Office, Passion Capital, Hummingbird VC, Merantix, Tiny Supercomputer and Antler.
The company was co-founded by Levent Altunel and Enrico Ohnemüller and now supports more than 150 fund managers and over 12,000 LPs across major European jurisdictions.
By combining AI-native infrastructure and deep domain expertise, bunch provides a single source of truth that replaces outdated, fragmented processes.
CEO Enrico Ohnemüller declared: “Private markets are entering a new phase of growth, but the operating infrastructure behind them has not kept pace. GPs cannot scale on spreadsheet-era infrastructure.
“We built bunch to give fund managers one platform across the fund lifecycle, designed for the complexity of operating across multiple European jurisdictions.
“While private markets will remain a people-driven, service-intensive indusattempt, the right combination of specialist expertise, software and AI-native systems build fund operations more efficient, consistent and scalable.
“This funding allows us to deepen that model and continue modernising private markets infrastructure.”
bunch will deploy the new funding across commercial expansion, product and technology development, and organisational scale.
Helene Falchier, partner at Portage, declared: “Portage invests in financial infrastructure that becomes structurally necessary as markets grow. bunch has built exactly that.
“Europe’s regulatory environment is uniquely demanding; that headwind only intensifies as private markets scale. Enrico and Levent didn’t build around this complexity, they built from within it. That combination of regulatory depth and service understanding is what builds bunch structurally defensible, and hard to replicate from the outside.”
