Silicon Luxembourg has reported that Fundcraft, Luxembourg’s leading digital infrastructure provider for unified, efficient and transparent asset management solutions has announced the successful closure of a €5m Series A funding round led by Aperture Capital and SIX Fintech Ventures.

CEO Julien De Mayer noted that the capital will fuel Fundcraft’s product expansion, add new asset classes to the asset management platform, and support it in scaling to Spain and Germany.

Fundcraft as a platform aims to facilitate centralised and automated processes, data management and stakeholder interaction, benefiting all parties involved in the value chain (including lawyers, bankers, auditors, accountants, and depositaries). Fundcraft aims to streamline workflow and integrate accounting, compliance, portfolio management and reporting into a unified system. This can thus translate to reduced administration cost, heightened agility and minimised risks for all stakeholders.

“We’re delighted to close this round, amidst still difficult funding conditions with great growth and business partners. This will enable us to move into new markets and add asset classes to the platform,” said Julien De Mayer, Fundcraft founder and CEO.

According to Silicon Luxembourg, with significant traction in the market since its inception in 2021, Fundcraft plans to leverage the Series A funding to expand its product offerings and market reach. The company aims to address markets beyond Luxembourg, including Spain and Germany. It has plans to explore asset classes beyond its current focus on Venture Capital, Private Equity and Fund of Funds.