Fundcraft, Europe’s digital fund operations provider for alternative investment funds, today announced that it has secured €12 million in strategic growth financing co-led by Riverside Acceleration Capital (“RAC”) and CCAP Investments (“CCAP”), with participation from existing investors including 3VC, MiddleGame Ventures and Aperture Capital. The new financing brings fundcraft’s total capital secured since its founding to €40 million, reinforcing its position among Europe’s best-capitalised digital fund operations providers for alternative investment funds.
The financing further deepens fundcraft’s existing partnership with Riverside Acceleration Capital, the growth-stage investment strategy of The Riverside Company, following RAC’s earlier support for fundcraft’s expansion into France. RAC brings growth capital and operational resources to support the company’s next phase of international scale.
“We are raising capital to scale a model that is already proving itself with institutional clients facing more complex requirements across Europe. The fact that nearly one-third of new fund mandates committed to fundcraft in the first six months of 2026 came from existing clients is an important validation: managers are not only choosing fundcraft, they are growing with us. Our approach is to start addressing the needs and complexities of the Buyout asset manager and implement our proven operating model organically across jurisdictions without stitching together disconnected platforms or service models.”
The round follows a period of strong and accelerating execution, as fund operations reach a clear digital inflection point. Nearly four in every five asset servicers identify manual workflows and lack of standardisation as their main operational hurdle, underscoring the pressure on legacy operating models as fund structures, investor volumes and regulatory requirements become more complex. Fundcraft is addressing this shift through a digital operating model underpinned by workflow automation and AI, designed to deliver greater control, transparency and service quality at scale. The platform today supports more than 20,000 LP subscriptions across nearly 300 funds.
In the first half of 2026, fundcraft signed as many new clients as in the whole of 2025. This momentum has been supported by successful large-scale fund migrations and continued up-market traction. Over half of new clients were mid-to-large alternative asset managers modernising their operating models or complex, multi-jurisdictional private market access platforms.
“We see first-hand the operational challenges that increasing complexity in private markets creates for asset managers, investors and service providers. Fundcraft brings a differentiated operating model for this environment, using integrated technology and AI to deliver a superior client and investor experience at scale. We have been particularly impressed by its approach to AI, applying automation and intelligence to core fund operations rather than treating it as a separate layer. We are excited to deepen our partnership as the company scales across Europe and new asset classes.”
The financing will support fundcraft’s next phase of growth: accelerating momentum across its existing European client base and core markets, while expanding into additional jurisdictions and deepening capabilities in institutional private equity Buyout strategies. It will also support the continued execution of fundcraft’s AI strategy, building on data foundations already put in place and AI-enabled workflows currently deployed across selected processes. These capabilities are being embedded across investor, fund and portfolio operations to improve operating leverage and make increasingly complex private markets strategies more scalable, transparent and economically viable.
“Our roadmap has been shaped by operational complexity. To support our operations expert team and digital platform, we are embedding automation and AI-assisted capabilities into the workflows, controls and data foundations that make complex funds scalable, from investor onboarding and transfer agency to reporting, waterfall calculations and cross-border distribution. The objective is to make fund operations more controlled, transparent and economically viable at scale.”
Fundcraft’s expansion into France has moved rapidly from regulatory approval to commercial execution. After a successful implementation in Luxembourg, fundcraft Group obtained a separate AIFM license in France. This new AIFM was granted by the AMF authorisation in June 2026, and fundcraft has since been mandated to support several French fund launches, representing ambitions of more than €1 billion in combined commitments and subscription targets. Its French platform is also supporting high-volume Private Markets Access structures, including ELTIF 2.0, evergreen and open-ended funds for multi-distributor and cross-border distribution, while fundcraft increasingly supports multi-jurisdiction parallel fund setups across Luxembourg, France, the US and Spain.
“Fundcraft digitalises the entire fund lifecycle on one data layer — structuring, onboarding, administration, reporting, compliance. Data is captured once and becomes the single source of truth in an industry defined by fragmentation. That foundation is what makes technology and AI a growth engine; every process brought onto the platform widens what can be automated next. But what ultimately convinced us is the team. Julien, Olga and Christian combine deep fund operations expertise with real product discipline, a rare pairing in this market. We are backing fundcraft to become the critical infrastructure for the next phase of digital fund operations in Europe and beyond."
