Case Study: backtrace builds an institutional-grade back office with bunch

backtrace closes €50M Fund I with bunch

backtrace, a Munich-based venture capital firm focused on technology infrastructure, faced the challenge of building institutional-grade fund operations for its €50M+ fund without a dedicated internal team. They needed a solution to handle complex LP onboarding, compliance, reporting, and tax requirements from day one to meet the standards of investors like the EIF.

By implementing bunch's integrated platform, which included Fund Administration, Transfer Agency, Compliance Hub, and bunch tax, backtrace consolidated its entire operational stack under a single provider. This allowed the founders to remain fully focused on fundraising and portfolio management, successfully closing an oversubscribed fund. The solution proved critical during a complex equalisation event, which bunch resolved quickly, preventing significant operational distraction.

Backtrace