“Luxembourg is at the heart of Europe’s private markets,” said Bunch CEO and cofounder Enrico Ohnemüller in a statement, “and our expansion here is a natural step in our mission to build the backbone of private markets and deliver what we call ‘finished work.’ With Christophe’s deep market expertise, we’re well positioned to drive innovation, expand our footprint among established VC and PE funds, and actively contribute to the region’s ongoing growth.”
Formerly of IQ-EQ (head of sales) and Société Générale Securities Services (head of private markets sales and covering private equity, real estate, debt and infrastructure), and with experience that has taken him from Luxembourg to Singapore via Hong Kong, Christophe Santer is already an active member of the Luxembourg private markets community, a member of the Luxembourg Private Equity and Venture Capital Association (LPEA) and the Luxembourg Fund Industry Association (ALFI).
“Bunch is solving one of the biggest pain points in private markets--outdated fund operations and a lack of tech infrastructure,” said Santer, “which slows down managers and frustrates investors. The industry is at a turning point and the space remains largely untapped. I’m excited to lead our expansion in my home country and bring fund managers a digital-first, scalable solution that lets them focus on what really matters.”
Levent Altunel and Enrico Ohnemüller founded Bunch Capital in 2021 in Berlin and are continuing their European expansion. Photo: Bunch
Born less than three years ago, the Berlin-based fintech, which already has a presence in Amsterdam and London, has already raised nearly €25m in two rounds. This includes a $15.5m Series A completed last summer and led by FinTech Collective, with participation from existing investors Cherry Ventures and Motive Ventures as well as several business angels including the founders and directors of Klarna, Moonfare and Kinnevik.
In just over two years, has won the trust of leading fund managers and institutional LPs, who have collectively committed more than €2bn via the platform, which employs more than 60 people. Its development in Luxembourg could involve taking over a PSF or registering directly. The appetite, anyway, is big.
This article in French.