Luxembourg-based digital infrastructure provider Fundcraft has closed a €5 million series A funding round, led by Switzerland-based Aperture Capital to fund product development and expand internationally.
The funds, which received backing from Six Fintech Ventures, will be used to develop the firm’s fund administration platform which centralises and automates processes, data and stakeholder interaction to lower costs.
Its open platform allows all parties in the fund administration value chain – lawyers, bankers, auditors, accountants, depositaries – to collaborate using one platform.
“We’re delighted to close this round, amidst still difficult funding conditions, with great growth and business partners,” said Julien De Mayer, Fundcraft founder and chief executive.
“This will enable us to move into new markets and add new asset classes to the platform.
