Bite Investments, a FinTech firm focused on alternative investments, has raised $25 million in strategic growth funding from NewSpring Growth, the dedicated equity strategy of NewSpring Capital. This investment aims to support Bite Investments’ expansion in private market technology, enhance access to alternative investments, and streamline investor interactions within the sector.
The funding will enable Bite Investments to accelerate the growth of its flagship cloud-based platform, Bite Stream, and strengthen its global workforce and service capabilities.
Bite Stream serves as a comprehensive solution for asset managers and investors, managing all phases of the investor journey. The platform facilitates simplified onboarding and communication, providing both institutional and retail investors with a unified portal to view and manage their holdings.
Jonathan Brassington, advisory partner at NewSpring Capital, stated that Bite Investments’ forward-looking innovation aligns with NewSpring’s investment strategy. He added that the integrated platform is reshaping how private markets connect investors and managers, contributing to a more transparent, scalable, and accessible industry. NewSpring aims to partner with Bite Investments to accelerate its global growth and influence the future of alternative investments.
William Rudebeck, co-founder and CEO of Bite Investments, expressed satisfaction with securing NewSpring’s support. He highlighted the company’s priority in finding a partner that offered more than just capital, aiding Bite Investments in its objective to become a leading investor software solution for the alternative asset management industry. Rudebeck noted that NewSpring is led by experienced entrepreneurs and operators who have contributed to digitization in software and tech-enabled services over the past 25 years. He further mentioned NewSpring’s understanding of both asset and wealth management, recognizing Bite Investments’ existing strengths and the potential of its integrated services to foster innovation in private markets.
