Berlin-based bunch has secured $35 million in Series B funding led by Portage to modernise private markets fund operations.
The company now supports more than 150 fund managers and 12,000 LPs across Europe.
The business grew ARR by 300% in 2025 and achieved 156% net revenue retention as fund managers moved away from spreadsheets and manual workflows.
Berlin-based bunch has raised $35 million in a Series B round to automate private fund operations across Europe, where the infrastructure behind private equity and venture capital funds remains heavily dependent on spreadsheets, fragmented software, and manual reporting.
The round was led by Portage, with participation from Illuminate Financial alongside existing investors Motive Partners, Cherry Ventures, and Fintech Collective. Total funding now exceeds $58 million. The company operates from Berlin, London, Amsterdam, and Luxembourg.
