fundcraft Raises €12M Series C+ Led by Riverside Acceleration Capital

fundcraft, a Luxembourg-based provider of end-to-end digital fund operations for alternative investment funds, has raised €12 million in a Series C+ round. The round was led by Riverside Acceleration Capital and includes participation from several additional investors.

The Round at a Glance

Company: fundcraft
Round type: Series C+
Amount raised: €12,000,000 (EUR)
Funding date: September 9, 2026
Lead investor: Riverside Acceleration Capital
Participating investors: MiddleGame Ventures, Aperture Capital, 3VC, Riverside Acceleration Capital, CCAP Investments

What fundcraft Does

fundcraft provides end-to-end digital fund operations for alternative investment funds. The company combines CSSF-licensed fund administration and AIFM services in Luxembourg with an AMF-authorised platform in France. Founded in 2021, fundcraft has built its offering around a single data layer that centralises investor, fund, and portfolio operations.

The platform pairs workflow automation and AI with operational teams located across Luxembourg, France, the US, and Spain. That combination of licensed service provision and software-driven operations distinguishes fundcraft from pure software vendors in the fund administration space: the company delivers regulated administration and AIFM services alongside its technology platform.

Scale and Traction

According to the company, fundcraft supports nearly 300 funds. Across those funds, the platform handles more than 20,000 LP subscriptions and nearly €20 billion in commitments and subscription targets.

Its client base includes Moonfare, Rocket Internet, Lifeline Ventures, and b2venture.

Those figures point to a business that has moved beyond early adoption into meaningful operational scale in the alternative funds market. Fund administration is a volume-and-reliability business, and the combination of fund count, LP subscription volume, and commitments under management provides a concrete picture of the operational load the platform carries.

Why This Round Matters

A €12 million Series C+ round led by Riverside Acceleration Capital gives fundcraft additional capital at a later stage of its development. The participation of MiddleGame Ventures, Aperture Capital, 3VC, and CCAP Investments alongside the lead suggests continued investor support from a mix of firms.

For a company operating in a regulated segment, capital at this stage typically supports the dual demands of technology development and licensed service delivery. Fund administration and AIFM services require operational infrastructure, compliance capabilities, and teams on the ground in the jurisdictions where clients are served. fundcraft's footprint across Luxembourg, France, the US, and Spain reflects that multi-jurisdiction model.

The Market Context

Alternative investment funds — spanning private equity, venture capital, and related strategies — have grown substantially as an asset class, and with that growth comes demand for administration, reporting, and investor servicing that can keep pace with fund complexity. Traditional fund administrators have often relied on manual processes and fragmented systems, creating an opening for platforms built around a unified data layer and automation.

fundcraft's positioning sits at the intersection of regulated fund services and software. Its Luxembourg CSSF licence and French AMF authorisation allow it to provide services that pure technology providers cannot, while its platform approach aims to deliver the efficiency and transparency that fund managers increasingly expect.

What to Watch

With fresh capital and a client roster that includes established names in the venture and alternative investment ecosystem, fundcraft is positioned to continue scaling its operations. Key areas to monitor include how the company expands its fund count and commitments under administration, how it develops its AI and automation capabilities across the investor, fund, and portfolio data layer, and how it competes with both incumbent administrators and emerging digital-first providers in European and international fund markets.