Fundcraft Raises €12 Million to Modernise Fund Operations Across Europe

Luxembourg-based fundcraft, a digital fund operations provider serving alternative investment managers, has raised €12 million in strategic growth financing as it prepares to expand across Europe and move deeper into the institutional private equity buyout market.

The latest round was co-led by Riverside Acceleration Capital (RAC) and CCAP Investments, with continued participation from existing investors 3VC, MiddleGame Ventures, and Aperture Capital. The new financing brings fundcraft’s total capital raised since its founding in 2021 to €40 million.

Building a Digital Alternative to Traditional Fund Administration

Fundcraft was created to tackle a long-standing problem in the investment industry: fund operations are often spread across multiple service providers, systems and manual processes.

Its platform brings key parts of the fund lifecycle onto a unified digital operating model. This includes fundraising, investor onboarding, fund administration, portfolio operations, reporting, compliance and data management.

Rather than requiring asset managers to stitch together separate software and service providers, fundcraft aims to create a single source of truth where data is captured once and reused throughout the fund lifecycle.

Today, the company supports nearly 300 funds and more than 20,000 limited-partner subscriptions, representing close to €20 billion in commitments and subscription targets across markets including Luxembourg, France, the US and Spain.

Strong Momentum in 2026

Fundcraft has seen significant commercial momentum this year. During the first half of 2026, the company signed as many new clients as it did during the entire year of 2025.

More than half of its new customers were mid-to-large alternative asset managers and private-market access platforms looking to modernise their operating infrastructure. The company has also benefited from large-scale fund migrations and clients launching additional funds through the platform.

Its client base includes names such as Moonfare, Rocket Internet, Lifeline Ventures, Stableton, b2venture and Rosberg Ventures.

Who Founded Fundcraft?

Fundcraft was established in 2021 in Luxembourg by a team with backgrounds spanning fund administration, mathematics and technology.

Julien De Mayer — Co-Founder & CEO

Julien De Mayer is the company's co-founder and chief executive officer. Before launching fundcraft, he was involved in fund administration at Rocket Internet, where he experienced first-hand the limitations of traditional external service providers.

Those experiences helped shape fundcraft's mission: build a more technology-driven operating model for investment funds rather than simply digitising individual pieces of an outdated process.

Olga Porro — Co-Founder & Chief Product Officer

Olga Porro is fundcraft's co-founder and Chief Product Officer. She holds a PhD in Applied Mathematics from the Universitat Politècnica de Catalunya and has played a key role in developing the company's technology and product infrastructure.

Victor Martin Garcia — Co-Founder & CTO

Victor Martin Garcia, the company's co-founder and Chief Technology Officer, helped establish the technology foundations behind fundcraft's digital operating platform.

Christian Senitz, who initially joined the company's board and invested in fundcraft, later moved into an operational role as Chief Operating Officer.

France Becomes an Important Growth Market

France is emerging as a major part of fundcraft's European expansion strategy.

In June 2026, the company received authorisation from France's Autorité des marchés financiers (AMF), allowing it to operate as an alternative investment fund manager in the country.

Following the authorisation, fundcraft was selected to support several French fund launches targeting more than €1 billion in combined commitments and subscriptions. The company is also supporting structures such as ELTIF 2.0, evergreen and open-ended funds, alongside parallel fund structures across Luxembourg, France, the US and Spain.

Why Buyout Funds Are the Next Big Opportunity

Fundcraft initially built much of its business around venture capital, growth funds and other alternative investment structures.

The company is now moving further into institutional private equity buyout strategies, where fund structures, reporting requirements and operational processes can be considerably more complicated.

The latest funding will help fundcraft adapt its platform to these more demanding structures while expanding its presence across additional European jurisdictions.

Riverside Acceleration Capital's senior partner Christian Stein highlighted the growing operational complexity facing asset managers and investors, noting that fundcraft's combination of technology, regulated services and AI could help address these challenges at scale.

AI at the Centre of the Next Phase

AI is another important part of fundcraft's growth strategy.

The company has already deployed automated and AI-enabled workflows across selected processes and plans to expand these capabilities across investor, fund and portfolio operations.

By building its AI capabilities on top of a unified data layer, fundcraft believes it can automate more processes as additional parts of the fund lifecycle move onto its platform.

The broader objective is not simply to add AI features, but to use the company's centralised data infrastructure to make increasingly complex private-market strategies more efficient, transparent and scalable.

How Fundcraft Will Use the €12 Million

The new capital will primarily support four areas:

• European expansion into additional jurisdictions
• Institutional private equity and buyout strategies
• Further development of AI-powered workflows and automation
• Expansion of fundcraft's existing client base and operating capabilities

The company intends to build on its existing infrastructure rather than relying on disconnected software systems and traditional service models.

A Growing Market for Digital Fund Infrastructure

The opportunity is significant. Traditional fund administration still relies heavily on spreadsheets, manual processes and fragmented systems, even as alternative investment structures become increasingly complex.

Fundcraft is positioning itself between traditional administrators and large US-based software providers by combining regulated fund administration, proprietary technology and operational expertise within one platform.

Its challenge now is to prove that this model can scale beyond venture and growth funds into the much more demanding world of institutional, billion-euro private equity buyouts.

With €40 million raised since 2021, growing adoption among alternative asset managers and a clear push toward AI-powered operations, fundcraft is betting that the future of fund administration will be digital, unified and increasingly automated.