Germany-based fintech bunch has launched in the UK, bringing its operating system for private equity and venture capital funds to the market.
bunch provides an end-to-end platform for investors to operate, administrate and transact within private markets. While fund operations have historically been characterised by complex, paperwork-based processes and a lack of transparency, bunch’s data-centric approach enables GPs and LPs to interact with accurate, up-to-date information, all in one place.
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In addition, this ‘System of Record’ for private markets combines AI and workflow automation with personalised support from fund administration experts, delivering a white-glove service spanning the entire fund lifecycle.
Tomás Herrmann, general manager, UK, at bunch, said: “With demand for private markets booming, legacy systems are no longer fit for purpose. By building a world-class team and comprehensive tech infrastructure to meet the unique needs of this market, bunch empowers GPs and finance leaders to focus on strategy, not admin.”
Sandra Lyness, partner at Tiny VC, said: “We believe in bunch’s potential to streamline and simplify the fund administration experience, and we’re excited to be their first client in the UK. We invest in more companies than most other venture funds, so operations are especially critical to our firm. We’ve spoken to many fund ops software products in the market, and bunch is the one that allows us to focus more on our portfolio companies and direct LP relationships.”
Lord Mayor of London, Alastair King, added: “It is great to see bunch launch its UK presence and London office. We welcome the innovation that bunch are bringing to the private investment markets at times when unlocking private capital is more crucial than ever for the UK and global economic growth. London as a global financial centre with a high concentration of private markets investors is the natural choice for bunch to grow and scale up its innovative offer to the industry.”
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