#USA #New York #Bite Investments #Bite Stream #NewSpring Capital

Bite Investments Strengthens Its Market Presence with NewFunding

Bite Investments, recognized as a leading provider of technological solutions for alternative investments, has successfully secured $25 million in strategic growth capital from NewSpring Capital. This notable funding will support the company's long-term goal of optimizing investor experiences while democratizing access to alternative investments. The investment is a transformative step for Byte Investments as it aims to enhance its innovative platform, Bite Stream, a comprehensive cloud-based solution that centralizes all aspects of the investor journey.

The funds will primarily contribute to the further development of Bite Stream, allowing the company to expand its team and refine the services it offers to both asset managers and investors worldwide. Bite Stream serves as an essential tool for fundraising and investor management, providing a streamlined hub for communication and management between investors and asset managers. With the continuous rise in global assets under management in private markets, the platform positions itself strategically to lead the industry into a new era of automated alternative asset management.

Historically, the private markets have relied heavily on outdated and fragmented systems that hinder innovation and growth. Bite Investments addresses these challenges with an integrated platform designed to unify the investor and manager experience. According to Jonathan Brassington, Advisory Partner at NewSpring Capital, “Bite Investments exemplifies the type of forward-thinking innovation that aligns perfectly with NewSpring's investment strategy.” The integrated platform redefines how private markets connect investors with managers, enhancing transparency, scalability, and accessibility.

William Rudebeck, co-founder, and CEO of Bite Investments expressed excitement regarding the partnership with NewSpring. He noted the importance of finding a partner who brings more than just capital, emphasizing that they sought a collaborator who could assist in evolving into the leading software solution provider for alternative asset management. “NewSpring is led by experienced serial entrepreneurs with a history of fostering digitization within innovative businesses across technology and operational services,” Rudebeck stated. “They understand asset and wealth management and recognize the strength of our offerings and the potential for integrated services to drive actual innovation within private markets.”

Henry Talbot Ponsonby, co-founder of Bite Investments, added that the funding represents the beginning of an exciting chapter aimed at accelerating innovation, deepening product offerings, and expanding global outreach to better serve clients and the market. He emphasized their vision of combining proven expertise with modern technology to redefine investor engagement in alternative investments.

As a fintech company, Bite Investments is committed to providing scalable and innovative software solutions to the expanding sector of alternative assets and wealth management. Its SaaS platform, Bite Stream, is designed to simplify and streamline the investment process from fundraising to investor relations and reporting to data management. With a strong focus on security and efficiency, Bite Investments has gained the trust of leading alternative asset managers, fund administrators, and other investment professionals worldwide.

Furthermore, it's worth noting that Piper Sandler acted as the financial advisor for Bite Investments while Paul Hastings served as legal counsel. On the other hand, NewSpring was advised by Baker Tilly on financial matters, KPMG on tax issues, and Cozen O'Connor on legal affairs. As Bite Investments continues to evolve, it remains committed to redefining the landscape of alternative investments through innovative technology and strategic partnerships. For further information, visit Bite Investments website.