FundcraftA leading digital infrastructure provider for asset management has successfully raised €5 million in Series A funding. Investment is poised to transform the asset servicing landscape by eliminating inefficiencies in fund administration, a $50 billion-a-year market in the alternative asset management sector.

The funding round was led by Aperture Capital, with participation from SIX Fintech Ventures, the CVC arm of SIX Group, and early backers. Ben Robinson, CEO of Aperture Group, praised Fundcraft's transformational model, recognizing the critical need for innovation in asset servicing.

Fundcraft plans to use the funding to expand its product offerings and market reach in new territories including Spain and Germany.

Traditionally, fund administration has relied heavily on manual processes, emails, spreadsheets, and PDFs, resulting in significant inefficiencies. Fundcraft aims to centralize and automate these operations, streamlining processes, data management, and stakeholder interactions to reduce costs and enhance customer outcomes. Its open platform promotes collaboration between all parties in the fund administration value chain, creating synergies between lawyers, bankers, auditors, accountants, and depositories.

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By consolidating fund accounting, transfer agency, compliance, corporate secretary, portfolio management, and reporting into a unified system, Fundcraft provides a single source of truth, significantly reducing administration costs and operational risks. while increasing agility through automation.

Founded in 2021, Fundcraft boasts over 22 asset management clients, including notable names like Moonfare, Stableton, and Tenity. Managing over 135 funds representing commitments of over EUR6 billion, Fundcraft is poised to disrupt the asset management industry with its innovative technology.

Victor Martin, co-founder and CTO of Fundcraft highlighted the platform's potential to revolutionize asset servicing through advanced digitization and emphasized the urgent need for industry modernization.