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Public market investors have a large variety of infrastructure and software that helps them keep track of, analyze and manage their investments, but that’s not the case for investors in private companies, such as venture capitalists. Indeed, a lot of private market investors have to manage and upload information about their investments into a plethora of back-office systems, and a lot of times they have to do it manually.
A newer player, bunch, based out of Berlin, wants to make it easy for investors to manage their investments, administrate and transact within the private markets, and it has now raised $15.5 million in a Series A round to continue building its platform. The startup has now raised a total of $22 million to date, and claims that private funds currently manage some €2 billion worth of assets through its platform.
“Right now, VCs operate almost like bookkeepers and accountants, doing stuff manually like transferring data in and out of Excel or PDFs. We automate and digitize that experience in a workflow that essentially reduces the errors that you can make and reduces the man-hours it takes. This frees up fund managers to concentrate on raising funds or actually investing.”
