When it comes to private market investors, managing and analyzing investments can be a complex process as compared to public market investors. Private market investors often have to manually upload information into various back-office systems, which can be time-consuming and error-prone.
Fortunately, platforms like Apax, Vistra, IQEQ, and Carta have emerged as leaders in the investment management space, offering solutions to simplify the process. A new player, bunch, based in Berlin, has raised $15.5 million in a Series A round to further develop its platform, which aims to streamline investment management in private markets.
Private markets have seen significant growth recently, with the alternative asset market projected to reach nearly $40 trillion by the end of the decade. Secondary marketplaces have become increasingly popular, allowing investors to buy and sell shares in private companies. This trend has led to a rise in transactions on secondaries, reaching $105 billion in 2021 and expected to total $138 billion in 2023.
VCs will get liquidity in 2024 from the secondary market, not IPOs
Founded in 2021, bunch offers a platform for venture capital and private equity investors to manage and access private market data, automate workflows, and streamline services. This enables investors to focus on raising funds and making investments, rather than tedious administrative tasks.
In a statement, Toby Triebel from FinTech Collective mentioned, “In an industry that looks a lot like the public markets did in the 1980s, bunch is changing the game for private markets GPs and LPs.”
The Series A round was led by FinTech Collective, with participation from existing investors Cherry Ventures, Motive Ventures, Broadhaven Ventures, and TinyVC. Angel investors, including founders and executives from Klarna, Moonfare, and Kinnevik, also contributed to the round.
