This €6m investment builds on the . That brings the total amount raised this year to €11m. Since its initial series A announcement in May, Fundcraft has seen a 60% increase in the number of funds managed, said a press release from the firm, representing more than €8.1bn in commitments.
“This additional investment builds on our strong momentum as we continue to deliver on our mission to digitise and transform fund operations for alternative asset managers,” commented Julien De Mayer, founder and CEO of Fundcraft. “Together with co-founders Olga Porro and Victor Martin, we see a unique opportunity to accelerate our expansion, delivering solutions that no other competitor can currently match. The support and endorsement from 3VC and MiddleGame Ventures, two leading VC firms dedicated to category-defining companies, enables us to scale faster and seize this market opportunity with confidence.”
The new funding will help the fintech accelerate the development of its digital fund operations platform, focusing on automation, operational efficiency and transparency. Fundcraft also aims to expand geographically and serve funds domiciled in international markets beyond Luxembourg, along with building up their team in fund operations, digital product development, and sales & marketing.
“Fundcraft’s product and vision position them as a standout leader in digital fund operations. In a market where fund managers often struggle with cumbersome and inefficient fund admin processes--relying on manual tasks, back-and-forth emails and Excel sheets--Fundcraft brings a proven solution to established firms looking to launch new funds or migrate existing ones on a digital platform,” added Eva Arh, partner at the venture capital firm 3VC.
“As a strategic investor and a client of Fundcraft, we see firsthand how their digital fund operations suite streamlines fund administration,” commented Pascal Bouvier, managing partner at the VC firm Middlegame Ventures. “Our investment underscores our confidence in fundcraft’s ability to set new standards in efficiency and transparency within the industry.”
Headquartered in Luxembourg, Fundcraft provides alternative investment managers with digital fund operations. It is a CSSF-licensed AIFM and central administrator.