Why we invested in fundcraft
We are excited to invest in fundcraft alongside Middlegame Ventures and joining existing investors Aperture and SIX Fintech Ventures.
fundcraft is revolutionizing the alternative investment industry by delivering end-to-end digital fund operations that enhance transparency, efficiency, and compliance for asset managers.
Why we invested in fundcraft
We believe fundcraft is positioned to lead the digital transformation of fund administration, elevating service quality, with far greater efficiency. By digitizing processes, fundcraft becomes the single source of truth for client data, making it both accessible and actionable. This digitization enables automation, driving operational efficiency, reducing errors, and improving asset managers’ experience.
Rising competition and operational complexity, particularly in the private mid-market, are prompting fund managers to look for solutions that modernize and streamline their processes. This trend is driving a potential reallocation of trillions of dollars in Assets Under Administration (AuA) toward solutions that better execute back-office functions. Fundcraft’s solution is convincing today and future-proof, currently serving over 210 funds and managing more than €8.1 billion in AoA. We’re impressed by the mission-driven and complementary leadership of Julien, Olga, and Victor, and we’re thrilled to join them in building Europe's premier digital fund operations provider.
A tough problem to crack
Cracking digital fund administration is no small feat.
Definitely far from a ‘buzzword’ in venture capital, fund administration represents one of the largest and most challenging markets we've encountered. This is a space dominated by a few large, entrenched players operating in what is effectively an oligopoly.
Moreover, due to the mission-critical nature of fund administration, reliability is essential and clients require a full-fledged service from the outset. To meet these demands effectively, a digital fund admin’s offering must embed the deep regulatory expertise of its legacy counterparts—expertise that’s often ‘more art than science’ and thus hard to productise. Therefore, unlike typical tech products that begin with an MVP and scale over time, this market requires a fully comprehensive, end-to-end solution from the get-go.
Fundcraft’s next chapter
The latest round will fuel fundcraft’s geographical expansion and development of its digital fund operations suite, focusing on automation and transparency to meet the rising demands of alternative investment managers, especially mid-market funds. We’re proud to support their journey as they scale rapidly across Europe, reshaping how fund operations are managed for the next generation of alternative asset managers.
