Ex-Rocket Internet Executive Raises €12M for fundcraft to Digitise European Buyout Funds

Luxembourg-based fundcraft has raised €12 million to expand its digital fund operations platform across Europe and move deeper into the institutional private equity buyout market.

The latest round was jointly led by Riverside Acceleration Capital and CCAP Investments, with continued backing from 3VC, MiddleGame Ventures, and Aperture Capital. The new funding brings fundcraft's total capital raised since its founding in 2021 to €40 million.

Founded by former Rocket Internet executive Julien De Mayer, alongside Olga Porro and Victor Martin Garcia, fundcraft was created to address the operational challenges asset managers face when relying on fragmented external service providers.

De Mayer previously led fund administration at Rocket Internet, giving him direct exposure to the complexity of managing fund operations. He founded fundcraft around the idea that fund managers should not have to rely on disconnected systems, spreadsheets, and multiple service providers to manage the full fund lifecycle.

From spreadsheets to a single data layer

Fund administration involves a wide range of operational responsibilities, including calculating net asset values, handling capital calls, onboarding investors, preparing investor reporting, and managing compliance requirements.

fundcraft's approach is to bring these functions together on a single technology layer so that information captured during one stage of the fund lifecycle can be reused throughout the rest of the process.

The company combines its central administration business and a CSSF-licensed AIFM in Luxembourg with an AMF-authorised entity in France, which was added in June 2026.

This structure allows investor onboarding, fund administration, portfolio operations, reporting, and related processes to operate using the same underlying data.

fundcraft says its platform now supports almost 300 funds and more than 20,000 limited partner subscriptions. Its customer acquisition also accelerated during the first half of 2026, when it added as many new clients as it did throughout the entirety of 2025.

Nearly one-third of its new contracts during that period came from existing customers launching additional funds, highlighting the potential for expansion within its existing client base.

A competitive fund administration market

The fund administration software market is becoming increasingly competitive as private-market managers look for more efficient ways to handle growing operational and regulatory complexity.

US-based providers such as Carta, Juniper Square, and Allvue Systems have established significant positions across venture capital, private equity, and real estate fund operations.

fundcraft is positioning itself differently by combining regulated fund administration capabilities with purpose-built software across multiple European jurisdictions.

The company believes its licensing in both Luxembourg and France could become increasingly valuable as European private-market reporting and regulatory requirements become more demanding.

fundcraft is also developing an AI-native solution, following the broader shift toward AI-powered automation across financial operations.

Targeting billion-euro buyout funds

The latest funding will support fundcraft's expansion into significantly more complex private equity strategies.

Its newly authorised French entity is preparing to launch funds targeting more than €1 billion in commitments, including ELTIF 2.0 and evergreen structures designed to provide retail investors with greater access to private markets.

The company is also moving into institutional private equity buyout strategies, which require more sophisticated operational infrastructure than the venture and growth funds that made up much of its initial customer base.

Its existing client base includes names such as Moonfare, Rocket Internet, and Lifeline Ventures.

The strategic shift represents an important test for fundcraft. Managing larger institutional buyout funds introduces substantially greater complexity, scale, and regulatory requirements.

With €12 million in fresh capital, fundcraft now has the resources to test whether its integrated technology and regulated operating model can compete at that level.

If successful, the company could become a significant European alternative to fragmented fund administration services and large US software platforms.