Bite Investments has secured $25m in strategic growth funding from NewSpring Growth, the dedicated equity strategy of NewSpring Capital, as it looks to expand its presence in private market technology.
The funding marks a significant milestone for the FinTech as it aims to democratise access to alternative investments and streamline how investors interact with the sector.
With the backing of NewSpring, Bite Investments plans to accelerate the scale of its flagship platform, Bite Stream, as well as strengthen its global workforce and service capabilities.
Bite Stream, the company’s cloud-based platform, is designed as a one-stop solution for asset managers and investors to manage every stage of the investor journey. The technology simplifies onboarding and communication, while providing investors — both institutional and retail — with a single portal to view and manage their holdings.
NewSpring Capital advisory partner Jonathan Brassington said, “Bite Investments reflects the kind of forward-looking innovation that aligns perfectly with NewSpring’s investment strategy.
“Their integrated platform is redefining how private markets connect investors and managers, making the industry more transparent, scalable, and accessible. We are proud to partner with Bite Investments’ team to accelerate their global growth and help shape the future of alternative investments.”
Bite Investments co-founder and CEO William Rudebeck said, “We’re delighted to have secured the support of NewSpring.
“Throughout the process, we prioritized finding a partner who brought more than just capital, helping Bite Investments on its journey to become the leading investor software solution for the alternative asset management industry. NewSpring is led by highly successful serial entrepreneurs and operators who have driven digitization in innovative companies across the software and tech-enabled services industries for over 25 years. NewSpring deeply understands both asset and wealth management, recognizes the strength of what we have created, and sees the potential of our integrated services to foster real innovation in private markets.”
Source: Fintech Global
