Bunch raises $35 million on May 24

bunch said on May 19 that it had raised a $35 million Series B to expand its AI-native fund operations platform for private markets, a financing that circulated again in investor social-media deal roundups on May 24. The Berlin- and London-based company said Portage led the round, with Illuminate Financial joining and existing backers Motive Partners, Cherry Ventures and Fintech Collective making follow-on investments. The company said the money will be used to accelerate commercial growth across Europe, deepen automation and AI capabilities, and expand into new geographies, asset classes and workflows. A May 24 post on X by investor Ben Rust listed bunch alongside other AI-related financings, including Scope at $20 million and Lexroom at $50 million. ### When did the $35 million raise actually happen? May 19 is the date bunch used in its announcement of the Series B. The May 24 references did not mark a new closing; they reflected the deal’s appearance in broader market commentary and investor roundup posts that grouped recent AI financings together. Sifted also reported the round on May 18, describing bunch as an AI-native platform for private markets operations and saying the company had raised $35 million in Series B funding. (bunch.capital) The company’s own post, published May 19, is the clearest primary statement of the financing. ### What does bunch actually sell? bunch said it provides an AI-native fund operations platform for private markets, aimed at private equity and venture capital managers. (bunch.capital) The company said its software is built to replace spreadsheets, email and fragmented service-provider workflows with a unified operating layer covering fund administration, compliance, capital calls, distributions and investor reporting. (sifted.eu) FinSMEs reported that bunch operates across Europe and supports the fund lifecycle from digital investor onboarding to fund accounting and tax reporting. The company said it now works with more than 150 fund managers and more than 12,000 limited partners across major European jurisdictions. ### Who put money into the round? Portage led the Series B, according to bunch. (bunch.capital) Illuminate Financial participated, and existing investors Motive Partners, Cherry Ventures and Fintech Collective added follow-on capital, the company said. Startbase reported that the new financing brings bunch’s total funding to more than $58 million. The company was founded in 2021, according to multiple reports on the round. (finsmes.com) ### What numbers did bunch disclose with the raise? bunch said it grew annual recurring revenue by 300% in 2025 and posted 156% net revenue retention. The company linked those figures to demand from fund managers and institutional investors dealing with more complex private-markets operations. (bunch.capital) EU-Startups reported the $35 million round as roughly €30.1 million and said the company planned to use the capital to deepen its automation and AI stack while broadening its reach beyond current markets. (startbase.com) ### Why did the deal show up again on May 24? Ben Rust’s May 24 X post grouped bunch’s financing with other recent AI deals, including Scope’s $20 million round and Lexroom’s $50 million raise. (ventureburn.com) That post appears to have functioned as an aggregated market snapshot rather than a fresh company announcement. The company’s next disclosed step is deployment of the new capital into European commercial expansion and product development. bunch said those plans include deeper AI automation, expansion into new geographies and asset classes, and broader workflow coverage across the private-markets ecosystem. (eu-startups.com) (bunch.capital)