Fundcraft, Europe’s digital fund operations provider for alternative investment funds, has secured €12 mn in strategic growth financing co-led by Riverside Acceleration Capital and CCAP Investments. Existing investors 3VC, MiddleGame Ventures and Aperture Capital also participated in the round.
The financing brings Fundcraft’s total capital raised since its founding to €40 mn. The company provides digital fund operations infrastructure for alternative investment funds across Europe.
The transaction extends Fundcraft’s relationship with Riverside Acceleration Capital, the growth-stage investment strategy of The Riverside Company. RAC previously supported the company’s expansion into France and will continue providing capital and operational resources for international growth.
Fundcraft said demand for digital fund operations is increasing as asset managers deal with larger investor volumes and more complex fund structures. Regulatory requirements are also adding pressure to operating models that still depend heavily on manual processes.
Nearly four in five asset servicers identify manual workflows and limited standardisation as their main operational challenge, according to data cited by Fundcraft. The company uses workflow automation and AI across its operating platform to reduce manual work and improve control over fund administration processes.
Fundcraft currently supports more than 20,000 limited partner subscriptions across nearly 300 funds. Its client base includes alternative asset managers and private market access platforms operating across several jurisdictions.
During the first half of 2026, Fundcraft signed as many new clients as during all of 2025. More than half of those new clients were mid-to-large alternative asset managers or complex private market access platforms.
The growth also included large fund migrations onto Fundcraft’s infrastructure. The company said demand has increasingly come from firms replacing existing fund operating systems with digital platforms.
The new financing will support expansion across Fundcraft’s existing European markets and into additional jurisdictions. Part of the capital will also be used to develop capabilities for institutional private equity buyout strategies.
Fundcraft plans to continue investing in AI-based workflows across investor, fund and portfolio operations. The company said some of these processes are already using AI tools built on data infrastructure developed during earlier stages of the platform.
Its expansion into France has progressed following regulatory approval in 2026. After establishing operations in Luxembourg, Fundcraft obtained a separate alternative investment fund manager licence in France.
France’s Autorité des Marchés Financiers granted the authorisation in June 2026. Fundcraft has since received mandates for several French fund launches representing more than €1 bn in combined commitment and subscription targets.
The French operation also supports private market access structures, including ELTIF 2.0 vehicles and evergreen funds. Open-ended structures distributed through multiple channels and across borders are another part of the business.
Fundcraft is also supporting parallel fund structures operating across several jurisdictions. Current configurations include Luxembourg, France, the US and Spain as the company expands its fund administration and operating infrastructure.
