Fundcraft, a digital fund operations provider based in Luxembourg and Paris, has secured €12 million in strategic growth financing. The round was co-led by Riverside Acceleration Capital and CCAP Investments, with participation from existing investors including 3VC, MiddleGame Ventures, and Aperture Capital. The announcement was made on 9 September 2026 and brings the company's total capital secured since its founding in 2021 to €40 million.
A Digital Operating Model for Complex Funds
Fundcraft combines fund administration with workflow automation and artificial intelligence to support investor, fund, and portfolio operations from a single platform. Its approach is designed to reduce the manual processes that often accompany complex fund structures, increasing regulatory requirements, and fragmented legacy operating systems. The company currently supports nearly 300 funds and more than 20,000 limited partner subscriptions, underlining its growing role in Europe's alternative investment sector.
Accelerating Commercial Momentum
The company signed as many new clients in the first half of 2026 as it did throughout the whole of 2025. Over half of these new clients were mid-to-large alternative asset managers modernising their operating models or complex multi-jurisdictional private market access platforms. Large-scale fund migrations and continued up-market traction have reinforced this momentum, and the client base now spans structures across Luxembourg, France, the United States, and Spain.
Expansion in France and Cross-Border Structures
Fundcraft's expansion into France has moved rapidly from regulatory approval to commercial execution. After securing a separate AIFM license from the AMF in June 2026, the company has been mandated to support several French fund launches with combined ambitions exceeding €1 billion. Its French platform is also supporting high-volume private markets access structures, including ELTIF 2.0, evergreen, and open-ended funds designed for multi-distributor and cross-border distribution.
AI and the Future of Fund Operations
The financing will support the continued execution of fundcraft's AI strategy across investor, fund, and portfolio operations. Building on data foundations already in place, the company is embedding automation and AI-assisted capabilities into workflows, controls, reporting, transfer agency, and waterfall calculations. The goal is to improve operating leverage and make increasingly complex private markets strategies more scalable, transparent, and economically viable.
Investor and Leadership Perspectives
Julien De Mayer, Co-Founder and Chief Executive Officer, said nearly one-third of new fund mandates in the first half of 2026 came from existing clients, validating the company's model. Olga Porro, Co-Founder and Chief Product Officer, noted that automation and AI-assisted capabilities are being embedded into investor onboarding, reporting, and waterfall calculations. Christopher Caesar of CCAP added that fundcraft digitalises the entire fund lifecycle on one data layer, making technology and AI a growth engine.
Funding Priorities and Market Opportunity
The new capital will enable fundcraft to expand its presence across existing European markets and enter additional jurisdictions. The company also plans to strengthen its capabilities in institutional private equity buyout strategies, a segment with increasingly complex operating requirements. According to company materials, nearly four in five asset servicers identify manual workflows and lack of standardisation as their primary operational hurdle, reinforcing the need for digital infrastructure.
The €12 million investment positions fundcraft to scale its proven operating model across Europe and beyond. The company's growing client base, integrated digital platform, and expanding AI capabilities provide a strong foundation for continued growth. With backing from Riverside Acceleration Capital, CCAP, and existing investors, fundcraft aims to become critical infrastructure for the next phase of digital fund operations.