With backing from NewSpring Growth, Bite will scale its Bite Stream platform and global team to further streamline investor experiences and democratize private market access.
Bite Investments, a top provider of technology solutions for the alternative investments sector, announced that they have secured $25 million in strategic growth capital from NewSpring Growth, NewSpring Capital’s dedicated growth equity strategy investing in fast-growing, industry-transforming technology companies.
The funding represents a significant milestone in Bite Investments’ goal to streamline the investor experience and democratize access to alternative investments. With this new investment, the firm will continue to scale its technology platform, further expand its team, and enhance services for asset managers and investors globally.
Bite Investments’ flagship product, Bite Stream, is an end-to-end, modular platform that provides a single, cloud-based hub for managing every stage of the investor journey. The solution streamlines investor onboarding and investor communication, offering a singular portal for limited partners and retail investors alike to view all of their holdings in one place. Bite Stream has proven to be an essential and intuitive tool for clients to fundraise and manage investors. As the amount of global AUM within private markets continues to grow rapidly worldwide, Bite Stream hopes to usher the industry into a new age of automation within alternative asset management.
Source: Fintech Business Asia
