Investment: “Fundcraft raises €12M”
Fundcraft, a Luxembourg-based provider of a digital fund operations platform for alternative investment funds, has raised €12M in funding in a round co-led by Riverside Acceleration Capital and CCAP Investments.
The round included participation from 3VC, MiddleGame Ventures and Aperture Capital and brings the company’s total funding to €40M.
Led by CEO Julien De Mayer, Fundcraft centralizes data, workflows and stakeholder collaboration into a single source of truth for alternative asset managers, auditors, tax advisors, banks and depositaries. The solution combines regulated services, proprietary technology and operational expertise across the fund lifecycle, from fundraising and investor onboarding to fund and portfolio operations, data management and reporting.
The company supports nearly 300 funds across venture capital, private equity and fund of funds strategies, representing more than 20,000 LP subscriptions and nearly €20 billion in fund commitments and subscription targets across Luxembourg, France, the US and Spain; clients include Moonfare, Rocket Internet, Stableton, Lifeline Ventures, b2venture and Rosberg Ventures.
Fundcraft intends to use the funds to accelerate momentum across its existing European client base and core markets, expand into additional jurisdictions, deepen capabilities in institutional private equity buyout strategies and continue executing its AI strategy.
